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Accent Microcell (NSE:ACCENTMIC) ROE % : 34.11% (As of Mar. 2023)


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What is Accent Microcell ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Accent Microcell's annualized net income for the quarter that ended in Mar. 2023 was ₹130 Mil. Accent Microcell's average Total Stockholders Equity over the quarter that ended in Mar. 2023 was ₹381 Mil. Therefore, Accent Microcell's annualized ROE % for the quarter that ended in Mar. 2023 was 34.11%.

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

NSE:ACCENTMIC' s ROE % Range Over the Past 10 Years
Min: 18.04   Med: 20.07   Max: 34.11
Current: 34.11

During the past 3 years, Accent Microcell's highest ROE % was 34.11%. The lowest was 18.04%. And the median was 20.07%.

NSE:ACCENTMIC's ROE % is ranked better than
95.37% of 994 companies
in the Drug Manufacturers industry
Industry Median: 4.2 vs NSE:ACCENTMIC: 34.11

Accent Microcell ROE % Historical Data

The historical data trend for Accent Microcell'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.

Accent Microcell ROE % Chart

Accent Microcell Annual Data
Trend Mar21 Mar22 Mar23
ROE %
18.04 20.07 34.11

Accent Microcell Semi-Annual Data
Mar21 Mar22 Mar23
ROE % 18.04 20.07 34.11

Competitive Comparison of Accent Microcell's ROE %

For the Drug Manufacturers - Specialty & Generic subindustry, Accent Microcell'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.


Accent Microcell's ROE % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Accent Microcell's ROE % distribution charts can be found below:

* The bar in red indicates where Accent Microcell's ROE % falls into.



Accent Microcell ROE % Calculation

Accent Microcell'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 )
=130.102/( (320.932+441.991)/ 2 )
=130.102/381.4615
=34.11 %

Accent Microcell's annualized ROE % for the quarter that ended in Mar. 2023 is calculated as

ROE %=Net Income (Q: Mar. 2023 )/( (Total Stockholders Equity (Q: Mar. 2022 )+Total Stockholders Equity (Q: Mar. 2023 ))/ count )
=130.102/( (320.932+441.991)/ 2 )
=130.102/381.4615
=34.11 %

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


Accent Microcell  (NSE:ACCENTMIC) 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: Mar. 2023 )
=Net Income/Total Stockholders Equity
=130.102/381.4615
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(130.102 / 2041.876)*(2041.876 / 1043.5365)*(1043.5365 / 381.4615)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.37 %*1.9567*2.7356
=ROA %*Equity Multiplier
=12.46 %*2.7356
=34.11 %

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: Mar. 2023 )
=Net Income/Total Stockholders Equity
=130.102/381.4615
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (130.102 / 154.91) * (154.91 / 152.542) * (152.542 / 2041.876) * (2041.876 / 1043.5365) * (1043.5365 / 381.4615)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8399 * 1.0155 * 7.47 % * 1.9567 * 2.7356
=34.11 %

Note: The net income data used here is one times the annual (Mar. 2023) net income data. The Revenue data used here is one times the annual (Mar. 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.


Accent Microcell ROE % Related Terms

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


Accent Microcell (NSE:ACCENTMIC) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Shyamal Cross Roads, Anandnagar Road, 314, Shangrilla Arcade, Satellite, Ahmedabad, GJ, IND, 380015
Accent Microcell Ltd is a manufacturer of Pharmaceutical Products. It has Products such as Microcrystalline cellulose is a term for refined wood pulp and is used as a texturizer, an anti-caking agent, a fat substitute, an emulsifier, an extender, and a bulking agent in food production; Cross Carmellose Sodium Croscarmellose sodium is an internally cross-linked sodium carboxymethylcellulose for use as a super disintegrant in pharmaceutical formulations; Magnesium Stearate which is also called octadecanoic acid, magnesium salt, is a white substance, powder which becomes solid at room temperature and also produces Cellulose Powder is white or almost white, odourless, tasteless, Practically insoluble in water, dilute acid and organic solvents, Slightly soluble in dilute NaOH solution.

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