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Templeton Emerging Markets Fund (Templeton Emerging Markets Fund) ROE % : 6.66% (As of Feb. 2024)


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What is Templeton Emerging Markets Fund ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Templeton Emerging Markets Fund's annualized net income for the quarter that ended in Feb. 2024 was $13.99 Mil. Templeton Emerging Markets Fund's average Total Stockholders Equity over the quarter that ended in Feb. 2024 was $210.22 Mil. Therefore, Templeton Emerging Markets Fund's annualized ROE % for the quarter that ended in Feb. 2024 was 6.66%.

The historical rank and industry rank for Templeton Emerging Markets Fund's ROE % or its related term are showing as below:

EMF' s ROE % Range Over the Past 10 Years
Min: -31.36   Med: 7.44   Max: 24.98
Current: 8.08

During the past 7 years, Templeton Emerging Markets Fund's highest ROE % was 24.98%. The lowest was -31.36%. And the median was 7.44%.

EMF's ROE % is ranked better than
64.31% of 1695 companies
in the Asset Management industry
Industry Median: 4.37 vs EMF: 8.08

Templeton Emerging Markets Fund ROE % Historical Data

The historical data trend for Templeton Emerging Markets Fund'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.

Templeton Emerging Markets Fund ROE % Chart

Templeton Emerging Markets Fund Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
ROE %
Get a 7-Day Free Trial -0.42 15.19 16.73 -31.36 7.44

Templeton Emerging Markets Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 -31.19 -33.08 5.86 9.42 6.66

Competitive Comparison of Templeton Emerging Markets Fund's ROE %

For the Asset Management subindustry, Templeton Emerging Markets Fund'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.


Templeton Emerging Markets Fund's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Templeton Emerging Markets Fund's ROE % distribution charts can be found below:

* The bar in red indicates where Templeton Emerging Markets Fund's ROE % falls into.



Templeton Emerging Markets Fund ROE % Calculation

Templeton Emerging Markets Fund'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 )
=16.005/( (216.704+213.497)/ 2 )
=16.005/215.1005
=7.44 %

Templeton Emerging Markets Fund's annualized ROE % for the quarter that ended in Feb. 2024 is calculated as

ROE %=Net Income (Q: Feb. 2024 )/( (Total Stockholders Equity (Q: Aug. 2023 )+Total Stockholders Equity (Q: Feb. 2024 ))/ count )
=13.99/( (213.497+206.935)/ 2 )
=13.99/210.216
=6.66 %

* 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 (Feb. 2024) net income data. ROE % is displayed in the 30-year financial page.


Templeton Emerging Markets Fund  (NYSE:EMF) 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: Feb. 2024 )
=Net Income/Total Stockholders Equity
=13.99/210.216
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(13.99 / 14.312)*(14.312 / 220.2675)*(220.2675 / 210.216)
=Net Margin %*Asset Turnover*Equity Multiplier
=97.75 %*0.065*1.0478
=ROA %*Equity Multiplier
=6.35 %*1.0478
=6.66 %

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: Feb. 2024 )
=Net Income/Total Stockholders Equity
=13.99/210.216
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (13.99 / 13.99) * (13.99 / 14.312) * (14.312 / 220.2675) * (220.2675 / 210.216)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 97.75 % * 0.065 * 1.0478
=6.66 %

Note: The net income data used here is two times the semi-annual (Feb. 2024) net income data. The Revenue data used here is two times the semi-annual (Feb. 2024) 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.


Templeton Emerging Markets Fund ROE % Related Terms

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


Templeton Emerging Markets Fund (Templeton Emerging Markets Fund) Business Description

Traded in Other Exchanges
N/A
Address
300 South East 2nd Street, Fort Lauderdale, Fort Lauderdale, FL, USA, 33301-1923
Templeton Emerging Markets Fund is a closed-end management investment company. It seeks long-term capital appreciation by investing, under normal market conditions, at least 80% of its net assets in emerging country equity securities. It invests in various sectors such as financials, consumer staples, industrials, telecommunication, insurance, Entertainment, banks, and others.
Executives
Christine M. Debevec officer: VP & Assistant Secretary ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
George P. Hoyt officer: VP & Secretary C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Ted P Becker officer: Chief Compliance Officer 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Oliveira Marc De officer: VP & Assistant Secretary C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Alexander Kymn officer: VP & Assistant Secretary WELLS FARGO BANK, 45 FREMONT STREET, 26TH FLOOR, SAN FRANCISCO CA 94105
Harris Goldblat officer: VP & Assistant Secretary ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Tara E. Gormel officer: VP & Assistant Secretary ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Terrence J. Checki other: Trustee HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Christopher Kings officer: CFO, CAO and Treasurer ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Ryan Wheeler officer: Interim CFO, CAO and Treasurer 300 S.E. 2ND STREET, FORT LAUDERDALE FL 33301
Susan Kerr officer: VP - AML Compliance 280 PARK AVENUE, NEW YORK NY 10017
Manraj S Sekhon officer: President and CEO - IM 7 TEMASEK BOULEVARD, #38-03 SUNTEC TOWER ONE, SINGAPORE U0 038987
Bates Ann Torre other: Trustee 300 CONTINENTAL DRIVE, NEWARK DE 19713
Matthew T. Hinkle officer: CEO - Finance & Admin 3344 QUALITY DRIVE, RANCHO CORDOVA CA 95670-7313
Robert Kubilis officer: CFO, CAO and Treasurer FRANKLIN TEMPLETON INVESTMENTS, 300 S.E. 2ND STREET, FORT LAUDERDALE FL 33301-1923

Templeton Emerging Markets Fund (Templeton Emerging Markets Fund) Headlines