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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Marlin Business Services's annualized net income for the quarter that ended in Sep. 2021 was $21.92 Mil. Marlin Business Services's average Total Stockholders Equity over the quarter that ended in Sep. 2021 was $213.18 Mil. Therefore, Marlin Business Services's annualized ROE % for the quarter that ended in Sep. 2021 was 10.28%.
The historical rank and industry rank for Marlin Business Services's ROE % or its related term are showing as below:
The historical data trend for Marlin Business Services'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.
Marlin Business Services Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
ROE % | Get a 7-Day Free Trial | 11.06 | 14.79 | 13.21 | 13.12 | 0.17 |
Marlin Business Services Quarterly Data | ||||||||||||||||||||
Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | |
ROE % | Get a 7-Day Free Trial | 6.04 | 32.32 | 13.77 | 19.88 | 10.28 |
For the Credit Services subindustry, Marlin Business Services'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.
For the Credit Services industry and Financial Services sector, Marlin Business Services's ROE % distribution charts can be found below:
* The bar in red indicates where Marlin Business Services's ROE % falls into.
Marlin Business Services'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 ) |
= | 0.342 | / | ( (214.956 | + | 196.365) | / 2 ) | |
= | 0.342 | / | 205.6605 | ||||
= | 0.17 % |
Marlin Business Services's annualized ROE % for the quarter that ended in Sep. 2021 is calculated as
ROE % | = | Net Income (Q: Sep. 2021 ) | / | ( (Total Stockholders Equity (Q: Jun. 2021 ) | + | Total Stockholders Equity (Q: Sep. 2021 )) | / count ) |
= | 21.924 | / | ( (211.079 | + | 215.282) | / 2 ) | |
= | 21.924 | / | 213.1805 | ||||
= | 10.28 % |
* 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 (Sep. 2021) net income data. ROE % is displayed in the 30-year financial page.
Marlin Business Services (NAS:MRLN) 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: Sep. 2021 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 21.924 | / | 213.1805 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (21.924 / 82.184) | * | (82.184 / 1026.3755) | * | (1026.3755 / 213.1805) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 26.68 % | * | 0.0801 | * | 4.8146 |
= | ROA % | * | Equity Multiplier | ||
= | 2.14 % | * | 4.8146 | ||
= | 10.28 % |
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: Sep. 2021 ) | ||||||
= | Net Income | / | Total Stockholders Equity | ||||
= | 21.924 | / | 213.1805 | ||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (21.924 / 30.064) | * | (30.064 / 82.184) | * | (82.184 / 1026.3755) | * | (1026.3755 / 213.1805) |
= | Tax Burden | * | Pretax Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.7292 | * | 36.58 % | * | 0.0801 | * | 4.8146 |
= | 10.28 % |
Note: The net income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 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.
Thank you for viewing the detailed overview of Marlin Business Services's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey Albert Hilzinger | officer: Chief Executive Officer | 3 CEDAR RIDGE DRIVE, CHESTER NJ 07930 |
Matthew J Sullivan | 10 percent owner | 1230 PEACHTREE STREET, NE SUITE 1900 ATLANTA GA 30309 |
Lawrence J Deangelo | director | C/O MARLIN BUSINESS SERVICES CORP 124 GAITHER DR MOUNT LAUREL NJ 08054 |
Ryan S Melcher | officer: SVP and General Counsel | C/O MARLIN BUSINESS SERVICES CORP. 300 FELLOWSHIP ROAD MT. LAUREL NJ 07728 |
Michael R Bogansky | officer: Chief Financial Officer | C/O PHH CORPORATION 3000 LEADENHALL ROAD MT. LAUREL NJ 08054 |
Willem Mesdag | 10 percent owner | C/O RED MOUNTAIN CAPITAL MANAGEMENT INC., 10100 SANTA MONICA BOULEVARD, SUITE 925, LOS ANGELES CA 90067 |
James Sherlock | officer: Senior Vice President | 8 WILCOTE WAY MEDFORD NJ 08055 |
Dietz Edward Ralph Jr. | officer: General Counsel | 139 GLENWOOD ROAD HADDONFIELD NJ 08033 |
James W Wert | director | |
Aswin Rajappa | officer: Chief Marketing Officer | 1 GREYLYNNE DRIVE PRINCETON NJ 08540 |
Laura C Anger | officer: Chief Human Resources Officer | C/O FLAGSTAR BANCORP INC., 5151 CORPORATE DRIVE, TROY MI 48098 |
Louis Evan Maslowe | officer: Chief Credit Officer | 11 SOUTHWINDS LANE MALVERN PA 19355 |
Edward John Siciliano | officer: Chief Sales Officer | 343 CHRISTOPHER DRIVE PRINCETON NJ 08540 |
Michael Louis Mattingly | officer: Senior Vice President | 223 NATHAN DRIVE CINNAMINSON NJ 08077 |
Gregory Lee Sting | officer: Senior Vice President | 4 SHEFFIELD COURT MEDFORD NJ 08055 |
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