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Vitasoy International Holdings (Vitasoy International Holdings) ROE % : 10.82% (As of Sep. 2023)


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What is Vitasoy International Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Vitasoy International Holdings's annualized net income for the quarter that ended in Sep. 2023 was $41.6 Mil. Vitasoy International Holdings's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was $384.2 Mil. Therefore, Vitasoy International Holdings's annualized ROE % for the quarter that ended in Sep. 2023 was 10.82%.

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

VTSYF' s ROE % Range Over the Past 10 Years
Min: -4.62   Med: 19.24   Max: 26.48
Current: 2.17

During the past 13 years, Vitasoy International Holdings's highest ROE % was 26.48%. The lowest was -4.62%. And the median was 19.24%.

VTSYF's ROE % is ranked worse than
65.97% of 1819 companies
in the Consumer Packaged Goods industry
Industry Median: 6.39 vs VTSYF: 2.17

Vitasoy International Holdings ROE % Historical Data

The historical data trend for Vitasoy International Holdings'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.

Vitasoy International Holdings ROE % Chart

Vitasoy International Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.90 17.12 16.26 -4.60 1.46

Vitasoy International Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 1.87 -11.50 8.79 -6.23 10.82

Competitive Comparison of Vitasoy International Holdings's ROE %

For the Packaged Foods subindustry, Vitasoy International Holdings'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.


Vitasoy International Holdings's ROE % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vitasoy International Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Vitasoy International Holdings's ROE % falls into.



Vitasoy International Holdings ROE % Calculation

Vitasoy International Holdings's annualized ROE % for the fiscal year that ended in Mar. 2023 is calculated as

ROE %=Net Income (A: Mar. 2023 )/( (Total Stockholders Equity (A: Mar. 2022 )+Total Stockholders Equity (A: Mar. 2023 ))/ count )
=5.825/( (416.464+380.281)/ 2 )
=5.825/398.3725
=1.46 %

Vitasoy International Holdings's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as

ROE %=Net Income (Q: Sep. 2023 )/( (Total Stockholders Equity (Q: Mar. 2023 )+Total Stockholders Equity (Q: Sep. 2023 ))/ count )
=41.562/( (380.281+388.147)/ 2 )
=41.562/384.214
=10.82 %

* 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 two times the semi-annual (Sep. 2023) net income data. ROE % is displayed in the 30-year financial page.


Vitasoy International Holdings  (OTCPK:VTSYF) 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. 2023 )
=Net Income/Total Stockholders Equity
=41.562/384.214
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(41.562 / 866.366)*(866.366 / 738.89)*(738.89 / 384.214)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.8 %*1.1725*1.9231
=ROA %*Equity Multiplier
=5.63 %*1.9231
=10.82 %

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: Sep. 2023 )
=Net Income/Total Stockholders Equity
=41.562/384.214
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (41.562 / 40.264) * (40.264 / 33.638) * (33.638 / 866.366) * (866.366 / 738.89) * (738.89 / 384.214)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0322 * 1.197 * 3.88 % * 1.1725 * 1.9231
=10.82 %

Note: The net income data used here is two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.


Vitasoy International Holdings ROE % Related Terms

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Vitasoy International Holdings (Vitasoy International Holdings) Business Description

Traded in Other Exchanges
Address
Number 1 Kin Wong Street, Tuen Mun, New Territories, Hong Kong, HKG
Vitasoy International Holdings Ltd manufactures and sells tofu, soy and other plant-based milks, dairy milk, juice, and packaged tea and water. Vitasoy's brands include Vitasoy, Vita, Calci-Plus, Sansui, and Unicurd. Its two biggest markets are China and Hong Kong, which collectively account for more than three-quarters of the company's sales. Most remaining sales are generated in North America, Australia, New Zealand, and Singapore, although the company's products are sold in roughly 40 countries worldwide.

Vitasoy International Holdings (Vitasoy International Holdings) Headlines

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