Majesco Ret. on equity
What is the Ret. on equity of Majesco?
The Ret. on equity of Majesco Limited is 464.30%
What is the definition of Ret. on equity?
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Ret. on equity of companies in the Technology sector on NSE compared to Majesco
What does Majesco do?
Majesco Limited, together with its subsidiaries, provides cloud-based software solutions for the insurance industry in North America, Europe, and internationally. The company offers Property & Casualty Core Suite that provides core system capabilities, including policy, billing, and claims for property and casualty personal, commercial, workers' compensation, and specialty insurance; and L&A and Group Core Suite insurance software for individual, group, and voluntary benefits insurance. It also provides LifePlus Solutions for individual life, pensions, and wealth management; insurance distribution management software; Data and Analytics Platform, a business intelligence and analytics tool for claims, underwriting, policy, and billing functions; and Digital Insurance platform, a digital and micro-services based cloud-only platform solution. Majesco Limited offers software solutions for property, casualty and life, and annuity providers. In addition, it provides cloud implementation, cloud subscription, professional, and support and maintenance services. The company was formerly known as Minefields Computers Limited and changed its name to Majesco Limited in June 2015. Majesco Limited was incorporated in 2013 and is based in Navi Mumbai, India.
Companies with ret. on equity similar to Majesco
- Mineral Mountain Mining & Milling Co has Ret. on equity of 455.17%
- Elsight has Ret. on equity of 458.78%
- Pierre has Ret. on equity of 462.04%
- Pierre has Ret. on equity of 462.04%
- Pierre has Ret. on equity of 462.04%
- Staffing 360 Solutions Inc has Ret. on equity of 463.52%
- Majesco has Ret. on equity of 464.30%
- RJK Explorations has Ret. on equity of 464.79%
- Travelzoo has Ret. on equity of 469.07%
- Mitesco has Ret. on equity of 470.07%
- Safe & Green Corp has Ret. on equity of 470.15%
- Imricor Medical Systems has Ret. on equity of 470.91%
- Invitae Corp has Ret. on equity of 472.72%