GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » SodaStream International Ltd (NAS:SODA) » Definitions » ROE %

SodaStream International (SodaStream International) ROE % : 19.16% (As of Jun. 2018)


View and export this data going back to 2010. Start your Free Trial

What is SodaStream International ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. SodaStream International's annualized net income for the quarter that ended in Jun. 2018 was $104.4 Mil. SodaStream International's average Total Stockholders Equity over the quarter that ended in Jun. 2018 was $545.1 Mil. Therefore, SodaStream International's annualized ROE % for the quarter that ended in Jun. 2018 was 19.16%.

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

SODA's ROE % is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 6.475
* Ranked among companies with meaningful ROE % only.

SodaStream International ROE % Historical Data

The historical data trend for SodaStream International'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.

SodaStream International ROE % Chart

SodaStream International Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.87 3.71 3.63 12.39 16.82

SodaStream International Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 13.54 17.43 21.08 14.35 19.16

Competitive Comparison of SodaStream International's ROE %

For the Furnishings, Fixtures & Appliances subindustry, SodaStream International'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.


SodaStream International's ROE % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, SodaStream International's ROE % distribution charts can be found below:

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



SodaStream International ROE % Calculation

SodaStream International's annualized ROE % for the fiscal year that ended in Dec. 2017 is calculated as

ROE %=Net Income (A: Dec. 2017 )/( (Total Stockholders Equity (A: Dec. 2016 )+Total Stockholders Equity (A: Dec. 2017 ))/ count )
=74.389/( (383.519+501.176)/ 2 )
=74.389/442.3475
=16.82 %

SodaStream International's annualized ROE % for the quarter that ended in Jun. 2018 is calculated as

ROE %=Net Income (Q: Jun. 2018 )/( (Total Stockholders Equity (Q: Mar. 2018 )+Total Stockholders Equity (Q: Jun. 2018 ))/ count )
=104.44/( (534.103+556.127)/ 2 )
=104.44/545.115
=19.16 %

* 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. 2018) net income data. ROE % is displayed in the 30-year financial page.


SodaStream International  (NAS:SODA) 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. 2018 )
=Net Income/Total Stockholders Equity
=104.44/545.115
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(104.44 / 685.94)*(685.94 / 672.859)*(672.859 / 545.115)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.23 %*1.0194*1.2343
=ROA %*Equity Multiplier
=15.53 %*1.2343
=19.16 %

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. 2018 )
=Net Income/Total Stockholders Equity
=104.44/545.115
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (104.44 / 122.608) * (122.608 / 127.128) * (127.128 / 685.94) * (685.94 / 672.859) * (672.859 / 545.115)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8518 * 0.9644 * 18.53 % * 1.0194 * 1.2343
=19.16 %

Note: The net income data used here is four times the quarterly (Jun. 2018) net income data. The Revenue data used here is four times the quarterly (Jun. 2018) 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.


SodaStream International ROE % Related Terms

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


SodaStream International (SodaStream International) Business Description

Traded in Other Exchanges
N/A
Address
SodaStream International Ltd manufactures and sells home beverage carbonation systems, which enable consumers to instantly transform tap water into carbonated soft drinks and sparkling water, and it offers sodas in more than 100 flavors. The group sells its products in retail stores around the world under the SodaStream and Soda-Club brands. The firm operates in the following four main geographical segments: The Americas; Western Europe; Asia-Pacific; and Central/Eastern Europe, the Middle East, and Africa.

SodaStream International (SodaStream International) Headlines

From GuruFocus

SodaStream May Be a Buy

By abirk abirk 06-23-2014

Analysis of SodaStream´s ROE

By Omar Venerio ovenerio 07-25-2014

Is SodaStream a Buy Going Into Earnings?

By Streetpicker Streetpicker 05-04-2015

My SodaStream Pain Can Be Your Gain - Whitney Tilson

By Canadian Value Canadian Value 12-06-2014

SodaStream Can Still Deliver Long-Term growth

By rusticnomad rusticnomad 08-12-2014

Why Whitney Tilson Is Long Beaten Down SodaStream (His Presentation)

By Canadian Value Canadian Value 02-23-2015

Why SodaStream is a Prime Turnaround Candidate

By Streetpicker Streetpicker 02-24-2015