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Macau Property Opportunities Fund (LSE:MPO) ROE % : -25.76% (As of Dec. 2023)


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What is Macau Property Opportunities Fund ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Macau Property Opportunities Fund's annualized net income for the quarter that ended in Dec. 2023 was £-12.60 Mil. Macau Property Opportunities Fund's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was £48.94 Mil. Therefore, Macau Property Opportunities Fund's annualized ROE % for the quarter that ended in Dec. 2023 was -25.76%.

The historical rank and industry rank for Macau Property Opportunities Fund's ROE % or its related term are showing as below:

LSE:MPO' s ROE % Range Over the Past 10 Years
Min: -36.76   Med: -17.82   Max: 49.33
Current: -23.4

During the past 13 years, Macau Property Opportunities Fund's highest ROE % was 49.33%. The lowest was -36.76%. And the median was -17.82%.

LSE:MPO's ROE % is ranked worse than
90.26% of 1776 companies
in the Real Estate industry
Industry Median: 2.895 vs LSE:MPO: -23.40

Macau Property Opportunities Fund ROE % Historical Data

The historical data trend for Macau Property Opportunities 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.

Macau Property Opportunities Fund ROE % Chart

Macau Property Opportunities Fund Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -19.09 -27.41 -2.35 -23.35 -16.54

Macau Property Opportunities Fund Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -9.15 -36.20 -11.64 -21.50 -25.76

Competitive Comparison of Macau Property Opportunities Fund's ROE %

For the Real Estate Services subindustry, Macau Property Opportunities 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.


Macau Property Opportunities Fund's ROE % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Macau Property Opportunities Fund's ROE % distribution charts can be found below:

* The bar in red indicates where Macau Property Opportunities Fund's ROE % falls into.



Macau Property Opportunities Fund ROE % Calculation

Macau Property Opportunities Fund's annualized ROE % for the fiscal year that ended in Jun. 2023 is calculated as

ROE %=Net Income (A: Jun. 2023 )/( (Total Stockholders Equity (A: Jun. 2022 )+Total Stockholders Equity (A: Jun. 2023 ))/ count )
=-9.51/( (62.992+52.022)/ 2 )
=-9.51/57.507
=-16.54 %

Macau Property Opportunities Fund's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Jun. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=-12.604/( (52.022+45.848)/ 2 )
=-12.604/48.935
=-25.76 %

* 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 (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Macau Property Opportunities Fund  (LSE:MPO) 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: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-12.604/48.935
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-12.604 / -13.484)*(-13.484 / 137.4225)*(137.4225 / 48.935)
=Net Margin %*Asset Turnover*Equity Multiplier
=93.47 %*-0.0981*2.8083
=ROA %*Equity Multiplier
=-9.17 %*2.8083
=-25.76 %

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: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-12.604/48.935
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-12.604 / -15.478) * (-15.478 / -13.484) * (-13.484 / 137.4225) * (137.4225 / 48.935)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.8143 * 114.79 % * -0.0981 * 2.8083
=-25.76 %

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


Macau Property Opportunities Fund ROE % Related Terms

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


Macau Property Opportunities Fund (LSE:MPO) Business Description

Traded in Other Exchanges
Address
Trafalgar Court, Les Banques, P.O. Box 286, Floor 2, Saint Peter Port, GGY, GY1 4LY
Macau Property Opportunities Fund Ltd operates as a closed-end investment trust. Its investment objective is to provide shareholders with an attractive total return, which is intended to comprise capital growth but with the potential for dividends over the medium to long-term. The company aims to achieve its investment objective by investing in property segments in Macau. Its portfolio comprises of a mixture of asset classes which include residential, retail, leisure, industrial and office properties. The fund derives revenue from rental income and income from property trading.

Macau Property Opportunities Fund (LSE:MPO) Headlines

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