• Nova average return on equity for 2023 was 21.98, a 11.41% decline from 2022.
• Nova average return on equity for 2022 was 24.81, a 31.34% decline from 2021.
• Nova average return on equity for 2021 was 18.89, a 39.93% increase from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.