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Core-Mark Holding Co (Core-Mark Holding Co) ROE % : 9.70% (As of Jun. 2021)


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What is Core-Mark Holding Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Core-Mark Holding Co's annualized net income for the quarter that ended in Jun. 2021 was $62 Mil. Core-Mark Holding Co's average Total Stockholders Equity over the quarter that ended in Jun. 2021 was $639 Mil. Therefore, Core-Mark Holding Co's annualized ROE % for the quarter that ended in Jun. 2021 was 9.70%.

The historical rank and industry rank for Core-Mark Holding Co's ROE % or its related term are showing as below:

CORE' s ROE % Range Over the Past 10 Years
Min: 6.18   Med: 9.75   Max: 10.78
Current: 10.56

During the past 13 years, Core-Mark Holding Co's highest ROE % was 10.78%. The lowest was 6.18%. And the median was 9.75%.

CORE's ROE % is not ranked
in the Retail - Defensive industry.
Industry Median: 9.67 vs CORE: 10.56

Core-Mark Holding Co ROE % Historical Data

The historical data trend for Core-Mark Holding Co'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.

Core-Mark Holding Co ROE % Chart

Core-Mark Holding Co Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.59 6.18 8.11 9.96 10.33

Core-Mark Holding Co Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 11.47 15.14 12.16 5.38 9.70

Competitive Comparison of Core-Mark Holding Co's ROE %

For the Food Distribution subindustry, Core-Mark Holding Co'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.


Core-Mark Holding Co's ROE % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Core-Mark Holding Co's ROE % distribution charts can be found below:

* The bar in red indicates where Core-Mark Holding Co's ROE % falls into.



Core-Mark Holding Co ROE % Calculation

Core-Mark Holding Co's annualized ROE % for the fiscal year that ended in Dec. 2020 is calculated as

ROE %=Net Income (A: Dec. 2020 )/( (Total Stockholders Equity (A: Dec. 2019 )+Total Stockholders Equity (A: Dec. 2020 ))/ count )
=63.2/( (591.9+631.9)/ 2 )
=63.2/611.9
=10.33 %

Core-Mark Holding Co's annualized ROE % for the quarter that ended in Jun. 2021 is calculated as

ROE %=Net Income (Q: Jun. 2021 )/( (Total Stockholders Equity (Q: Mar. 2021 )+Total Stockholders Equity (Q: Jun. 2021 ))/ count )
=62/( (632.8+645.1)/ 2 )
=62/638.95
=9.70 %

* 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 (Jun. 2021) net income data. ROE % is displayed in the 30-year financial page.


Core-Mark Holding Co  (NAS:CORE) 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: Jun. 2021 )
=Net Income/Total Stockholders Equity
=62/638.95
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(62 / 17983.6)*(17983.6 / 2057.5)*(2057.5 / 638.95)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.34 %*8.7405*3.2201
=ROA %*Equity Multiplier
=2.97 %*3.2201
=9.70 %

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: Jun. 2021 )
=Net Income/Total Stockholders Equity
=62/638.95
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (62 / 95.2) * (95.2 / 104) * (104 / 17983.6) * (17983.6 / 2057.5) * (2057.5 / 638.95)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6513 * 0.9154 * 0.58 % * 8.7405 * 3.2201
=9.70 %

Note: The net income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) 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.


Core-Mark Holding Co ROE % Related Terms

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


Core-Mark Holding Co (Core-Mark Holding Co) Business Description

Traded in Other Exchanges
N/A
Address
1500 Solana Boulevard, Suite 3400, Westlake, TX, USA, 76262
Core-Mark Holding Co Inc is a wholesale distributor to the convenience retail industry in North America, providing sales, marketing, distribution, and logistics services to customers across the United States and Canada. The company offers customers a wide range of branded and private label products including cigarettes, food, candy, health and beauty products, and beverages. Geographically, it generates a majority of its revenue from the United States.
Executives
Christopher M Miller officer: Senior VP & CFO 200 FOURTH ST OAKLAND CA 94607
Scott E Mcpherson director, officer: President and CEO 395 OYSTER POINT BLVD, SUITE 415, SAN FRANCISCO CA 94080
Alan T Thomas officer: SVP, Western Divisions 395 OYSTER POINT BLVD SUITE 415 SOUTH SAN FRANCISCO CA 94080
Jennifer Hulett officer: Senior VP and Chief HR Officer 1500 SOLANA BLVD., SUITE 3400, WESTLAKE TX 76262
Christopher M Murray officer: SVP - Marketing 1500 SOLANA BLVD SUITE 3400 WESTLAKE TX 76262
Diane Randolph director 1500 SOLANA BLVD, SUITE 3400, WESTLAKE TX 76262
Stuart W Booth director C/O CENTRAL GARDEN & PET CO, 3697 MT DIABLO BLVD STE 310, LAFAYETTE CA 94549
David Jackson Lawrence officer: VP - Treasury & IR 1500 SOLANA BLVD BUILDING 3, SUITE 3400 WESTLAKE TX 76262
Jordana Daryl Kammerud officer: Senior VP and Chief HR Officer ONE RIVERFRONT PLAZA, CORNING NY 14831
Laura Jean Flanagan director 395 OYSTER POINT BLVD, SUITE 415, SOUTH SAN FRANCISCO CA 94080
Christopher Hobson officer: Senior VP US Distribution East 395 OYSTER POINT BLVD. SOUTH SAN FRANCISCO CA 94080
William Stein officer: Senior VP Enterprise Growth 395 OYSTER POINT BLVD SOUTH SAN FRANCISCO CA 94080
Eric Rolheiser officer: President - Canada Operations 395 OYSTER POINT BLVD. SUITE 415 SOUTH SAN FRANCISCO CA 94080
Rocky Dewbre director 46 FLORHAM PARK DR., SPRING TX 77379
Harvey L Tepner director 395 OYSTER POINT BLVD., SUITE 415, SAN FRANCISCO CA 94080