No. of Recommendations: 5
I noticed a while back how haphazard the VL data was for ROE latest quarter. I re-checked it recently and found a lot of apparent garbage in the quarterly figures.
Yeah, I have never quite figured out that field.
If they are calculating the ROE based on a single quarter's earnings, it will be a wildly fluctuating figure, hence not very useful.
Using the trailing four quarters excluding extraordinary items would make some sense, but that's not easily available.
The annual "return on shareholders equity" field has its own issues, no doubt, but in testing it has always given pretty good results on average.
And the turnover is tiny.
Jim