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Morgan Stanley Emerg Mkts Debt Fd (Morgan Stanley Emerg Mkts Debt Fd) ROE % : 13.90% (As of Dec. 2023)


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What is Morgan Stanley Emerg Mkts Debt Fd ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Morgan Stanley Emerg Mkts Debt Fd's annualized net income for the quarter that ended in Dec. 2023 was $21.34 Mil. Morgan Stanley Emerg Mkts Debt Fd's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $153.49 Mil. Therefore, Morgan Stanley Emerg Mkts Debt Fd's annualized ROE % for the quarter that ended in Dec. 2023 was 13.90%.

The historical rank and industry rank for Morgan Stanley Emerg Mkts Debt Fd's ROE % or its related term are showing as below:

MSD' s ROE % Range Over the Past 10 Years
Min: -21.13   Med: 4.23   Max: 13.3
Current: 11.05

During the past 7 years, Morgan Stanley Emerg Mkts Debt Fd's highest ROE % was 13.30%. The lowest was -21.13%. And the median was 4.23%.

MSD's ROE % is ranked better than
72.98% of 1695 companies
in the Asset Management industry
Industry Median: 4.06 vs MSD: 11.05

Morgan Stanley Emerg Mkts Debt Fd ROE % Historical Data

The historical data trend for Morgan Stanley Emerg Mkts Debt Fd's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Morgan Stanley Emerg Mkts Debt Fd ROE % Chart

Morgan Stanley Emerg Mkts Debt Fd Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial 13.30 4.23 -2.22 -21.13 11.00

Morgan Stanley Emerg Mkts Debt Fd Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.93 -48.72 7.35 8.25 13.90

Competitive Comparison of Morgan Stanley Emerg Mkts Debt Fd's ROE %

For the Asset Management subindustry, Morgan Stanley Emerg Mkts Debt Fd's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Morgan Stanley Emerg Mkts Debt Fd's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley Emerg Mkts Debt Fd's ROE % distribution charts can be found below:

* The bar in red indicates where Morgan Stanley Emerg Mkts Debt Fd's ROE % falls into.



Morgan Stanley Emerg Mkts Debt Fd ROE % Calculation

Morgan Stanley Emerg Mkts Debt Fd's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=16.991/( (154.212+154.596)/ 2 )
=16.991/154.404
=11.00 %

Morgan Stanley Emerg Mkts Debt Fd's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Jun. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=21.342/( (152.374+154.596)/ 2 )
=21.342/153.485
=13.90 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Morgan Stanley Emerg Mkts Debt Fd  (NYSE:MSD) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=21.342/153.485
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.342 / 21.976)*(21.976 / 159.9385)*(159.9385 / 153.485)
=Net Margin %*Asset Turnover*Equity Multiplier
=97.12 %*0.1374*1.042
=ROA %*Equity Multiplier
=13.34 %*1.042
=13.90 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=21.342/153.485
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (21.342 / 21.342) * (21.342 / 21.976) * (21.976 / 159.9385) * (159.9385 / 153.485)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 97.12 % * 0.1374 * 1.042
=13.90 %

Note: The net income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Morgan Stanley Emerg Mkts Debt Fd ROE % Related Terms

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Morgan Stanley Emerg Mkts Debt Fd (Morgan Stanley Emerg Mkts Debt Fd) Business Description

Traded in Other Exchanges
N/A
Address
522 Fifth Avenue, New York, NY, USA, 10036
Morgan Stanley Emerg Mkts Debt Fd Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is to produce high current income and as a secondary objective to seek capital appreciation, through investments mainly in debt securities of government and government-related issuers located in emerging countries, of entities organized to restructure the outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.
Executives
Michael J Key officer: Vice President 1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Kyle Lee officer: Portfolio Manager 1633 BROADWAY, 19TH FLOOR, NEW YORK NY 10019
Federico C Sequeda officer: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Ali Akbar Causer officer: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eddie Arthur Grier other: Advisory Board Member 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Frances Cashman other: Advisory Board Member MORGAN STANLEY INVESTMENT MANAGEMENT, 1633 BROADWAY 29TH FLOOR, NEW YORK NY 10019
Deidre Downes officer: Chief Compliance Officer 1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Patricia A Maleski director C/O J P MORGAN INVESTMENT MANAGEMENT INC, 522 FIFTH AVENUE, NEW YORK NY 10036
Timothy J Knierim officer: CCO 100 MULBERRY STREET, NEWARK NJ 07102
Sahil Tandon officer: Portfolio Manager 522 5TH AVE, NEW YORK NY 10036
Jakki L. Haussler director 221 EAST FOURTH STREET, CINCINNATI OH 45202
Nancy Everett director 1812 PARK AVE, RICHMOND VA 23220
Nystedt Bo Jens Andreas other: Portfolio Manager 522 5TH AVENUE, NEW YORK NY 10036
Warren John Mar other: Portfolio Manager 522 5TH AVENUE, NEW YORK NY 10036
Joseph C Benedetti officer: Vice President C/O INVESCO, 225 LIBERTY STREET, NEW YORK NY 10281

Morgan Stanley Emerg Mkts Debt Fd (Morgan Stanley Emerg Mkts Debt Fd) Headlines