GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Investment Ltd (OTCPK:SZNTF) » Definitions » ROE %

Shenzhen Investment (Shenzhen Investment) ROE % : -0.69% (As of Dec. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Shenzhen Investment ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Shenzhen Investment's annualized net income for the quarter that ended in Dec. 2023 was $-37 Mil. Shenzhen Investment's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $5,376 Mil. Therefore, Shenzhen Investment's annualized ROE % for the quarter that ended in Dec. 2023 was -0.69%.

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

SZNTF' s ROE % Range Over the Past 10 Years
Min: -5.45   Med: 8.6   Max: 13.33
Current: -0.61

During the past 13 years, Shenzhen Investment's highest ROE % was 13.33%. The lowest was -5.45%. And the median was 8.60%.

SZNTF's ROE % is ranked worse than
66.93% of 1778 companies
in the Real Estate industry
Industry Median: 2.73 vs SZNTF: -0.61

Shenzhen Investment ROE % Historical Data

The historical data trend for Shenzhen Investment'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.

Shenzhen Investment ROE % Chart

Shenzhen Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.44 7.85 -5.44 4.45 -0.60

Shenzhen Investment 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 -16.27 9.70 -1.20 -0.54 -0.69

Competitive Comparison of Shenzhen Investment's ROE %

For the Real Estate - Development subindustry, Shenzhen Investment'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.


Shenzhen Investment's ROE % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen Investment's ROE % distribution charts can be found below:

* The bar in red indicates where Shenzhen Investment's ROE % falls into.



Shenzhen Investment ROE % Calculation

Shenzhen Investment's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-33.47/( (5732.761+5421.087)/ 2 )
=-33.47/5576.924
=-0.60 %

Shenzhen Investment'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 )
=-37.078/( (5330.426+5421.087)/ 2 )
=-37.078/5375.7565
=-0.69 %

* 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.


Shenzhen Investment  (OTCPK:SZNTF) 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
=-37.078/5375.7565
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-37.078 / 2503.072)*(2503.072 / 21720.493)*(21720.493 / 5375.7565)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1.48 %*0.1152*4.0405
=ROA %*Equity Multiplier
=-0.17 %*4.0405
=-0.69 %

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
=-37.078/5375.7565
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-37.078 / 321.318) * (321.318 / 408.714) * (408.714 / 2503.072) * (2503.072 / 21720.493) * (21720.493 / 5375.7565)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= -0.1154 * 0.7862 * 16.33 % * 0.1152 * 4.0405
=-0.69 %

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.


Shenzhen Investment ROE % Related Terms

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


Shenzhen Investment (Shenzhen Investment) Business Description

Traded in Other Exchanges
Address
9 Science Museum Road, 8th Floor, New East Ocean Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Shenzhen Investment Ltd is a general real estate company. The company reports five core segments: property development, property investment, property management, manufacture, and others. The company generates the vast majority of its revenue from its property development operations, followed by property management. The property development segment develops residential, industrial, and commercial properties. The company generates its revenue in mainland China.

Shenzhen Investment (Shenzhen Investment) Headlines

No Headlines