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What drives REFLECT SCIENTIFIC, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−22%Tax burden100%net income ÷ pretax incomeInterest burden98%pretax ÷ operating incomeOperating margin−43%operating income ÷ revenueAsset turnover0.42×revenue ÷ average assetsEquity multiplier1.22×average assets ÷ average equityAs of 2023-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$459028FY2023
Income before tax−$458716FY2023
Operating income−$467278FY2023
$1.1MFY2023
Ending assets$2.7MFY2023
Beginning assets$2.4MFY2022
$1.9MFY2023
$2.3MFY2022
Source:
  • SEC filingFiling detailsAccession 0001548123-24-000032
· event Dec 31, 2023 · retrieved Jul 26, 2026 · annual-row source set
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