So, based on the above formula, the ROE for Tootsie Roll Industries is: 8.9% = US$69m ÷ US$769m (Based on the trailing twelve months to June 2022).

It is hard to get excited after looking at Tootsie Roll Industries' (NYSE:TR) recent performance, when its stock has declined 3.7% over the past month. However, a closer look at its sound ...

Owned by the appropriately named Tootsie Roll Industries, Inc. (NYSE:TR), the brand dates back to 1896, making it one of the oldest confectionery brands still around today.