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Chase (CCF) ROE % : 5.82% (As of Aug. 2023)


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What is Chase ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Chase's annualized net income for the quarter that ended in Aug. 2023 was $23.5 Mil. Chase's average Total Stockholders Equity over the quarter that ended in Aug. 2023 was $402.9 Mil. Therefore, Chase's annualized ROE % for the quarter that ended in Aug. 2023 was 5.82%.

The historical rank and industry rank for Chase's ROE % or its related term are showing as below:

CCF' s ROE % Range Over the Past 10 Years
Min: 8.5   Med: 15.99   Max: 21.82
Current: 8.57

During the past 13 years, Chase's highest ROE % was 21.82%. The lowest was 8.50%. And the median was 15.99%.

CCF's ROE % is not ranked
in the Chemicals industry.
Industry Median: 5.42 vs CCF: 8.57

Chase ROE % Historical Data

The historical data trend for Chase'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.

Chase ROE % Chart

Chase Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.63 11.90 13.88 12.46 8.50

Chase Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.12 7.21 8.99 12.39 5.82

Competitive Comparison of Chase's ROE %

For the Specialty Chemicals subindustry, Chase'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.


Chase's ROE % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chase's ROE % distribution charts can be found below:

* The bar in red indicates where Chase's ROE % falls into.



Chase ROE % Calculation

Chase's annualized ROE % for the fiscal year that ended in Aug. 2023 is calculated as

ROE %=Net Income (A: Aug. 2023 )/( (Total Stockholders Equity (A: Aug. 2022 )+Total Stockholders Equity (A: Aug. 2023 ))/ count )
=33.182/( (372.829+408.306)/ 2 )
=33.182/390.5675
=8.50 %

Chase's annualized ROE % for the quarter that ended in Aug. 2023 is calculated as

ROE %=Net Income (Q: Aug. 2023 )/( (Total Stockholders Equity (Q: May. 2023 )+Total Stockholders Equity (Q: Aug. 2023 ))/ count )
=23.452/( (397.569+408.306)/ 2 )
=23.452/402.9375
=5.82 %

* 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 four times the quarterly (Aug. 2023) net income data. ROE % is displayed in the 30-year financial page.


Chase  (AMEX:CCF) 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: Aug. 2023 )
=Net Income/Total Stockholders Equity
=23.452/402.9375
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(23.452 / 400.788)*(400.788 / 609.051)*(609.051 / 402.9375)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.85 %*0.6581*1.5115
=ROA %*Equity Multiplier
=3.85 %*1.5115
=5.82 %

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: Aug. 2023 )
=Net Income/Total Stockholders Equity
=23.452/402.9375
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (23.452 / 29.804) * (29.804 / 59.024) * (59.024 / 400.788) * (400.788 / 609.051) * (609.051 / 402.9375)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7869 * 0.5049 * 14.73 % * 0.6581 * 1.5115
=5.82 %

Note: The net income data used here is four times the quarterly (Aug. 2023) net income data. The Revenue data used here is four times the quarterly (Aug. 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.


Chase ROE % Related Terms

Thank you for viewing the detailed overview of Chase's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Chase (CCF) Business Description

Traded in Other Exchanges
N/A
Address
375 University Avenue, Westwood, MA, USA, 02090
Chase Corp is a specialty chemical company. It operates through the following segments: Adhesives, Sealants and Additives, Industrial Tapes and Corrosion Protection and Waterproofing. The firm generates majority revenue from the Industrial Tapes segment. Its Industrial Tapes segment features legacy wire and cable materials, specialty tapes, and other laminated and coated products. Geographically, it derives a majority of revenue from North America and also has a presence in Asia; Europe, and Other Countries.
Executives
Adam Chase officer: COO/Vice President 104 ALBION ROAD, WELLESLEY MA 02481
Thomas Jr Wroe director
Ellen Rubin director 11 CLEMENTS ROAD, NEWTON MA 02458
Mary Claire Chase director 115 SUMNER STREET, NEWTON MA 02459
Derby John H. Iii director 1029 OCEAN BLVD., RYE NH 03870
Jeffery D Haigh officer: Corporate Secretary 2 SUMMER STREET, NORWOOD MA 02062
Michael J. Bourque officer: Treasurer & CFO ANALOGIC CORPORATION, 8 CENTENNIAL DRIVE, PEABODY MA 01960
Lewis P Gack director 5 LIVINGTON CIRCLE, ANDOVER MA 01810
Peter R Chase officer: President, CEO 305 GRANGE PARK, BRIDGEWATER MA 02324
Joan Wallace-benjamin director 175 SANDY VALLEY ROAD, DEDHAM MA 02026
Christian John Talma officer: Chief Accounting Officer 5 ALHAMBRA RD., WELLESLEY MA 02481
Chad A. Mcdaniel director C/O LYDALL, INC., 1 COLONIAL ROAD, MANCHESTER CT 06042
Thomas D. Debyle director STANDEX INT'L, 6 MANOR PARKWAY, SALEM NH 03079
Kenneth James Feroldi officer: CFO/Treasurer 67 KIMBERLEY DRIVE, WAKEFIELD RI 02878
Everett Jr Chadwick director 20 SOUTH DRIVE, BRIDGEWATER MA 02324