GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Wisdom Marine Lines Co Ltd (TPE:2637) » Definitions » ROE %

Wisdom Marine Lines Co (TPE:2637) ROE % : 14.14% (As of Jun. 2024)


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

What is Wisdom Marine Lines Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Wisdom Marine Lines Co's annualized net income for the quarter that ended in Jun. 2024 was NT$6,877 Mil. Wisdom Marine Lines Co's average Total Stockholders Equity over the quarter that ended in Jun. 2024 was NT$48,627 Mil. Therefore, Wisdom Marine Lines Co's annualized ROE % for the quarter that ended in Jun. 2024 was 14.14%.

The historical rank and industry rank for Wisdom Marine Lines Co's ROE % or its related term are showing as below:

TPE:2637' s ROE % Range Over the Past 10 Years
Min: 0.38   Med: 7.26   Max: 26.55
Current: 10.81

During the past 13 years, Wisdom Marine Lines Co's highest ROE % was 26.55%. The lowest was 0.38%. And the median was 7.26%.

TPE:2637's ROE % is ranked better than
60.48% of 949 companies
in the Transportation industry
Industry Median: 8.78 vs TPE:2637: 10.81

Wisdom Marine Lines Co ROE % Historical Data

The historical data trend for Wisdom Marine Lines Co'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.

Wisdom Marine Lines Co ROE % Chart

Wisdom Marine Lines Co 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 7.45 0.38 26.55 26.48 7.07

Wisdom Marine Lines Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 13.53 3.79 12.30 12.77 14.14

Competitive Comparison of Wisdom Marine Lines Co's ROE %

For the Marine Shipping subindustry, Wisdom Marine Lines Co'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.


Wisdom Marine Lines Co's ROE % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Wisdom Marine Lines Co's ROE % distribution charts can be found below:

* The bar in red indicates where Wisdom Marine Lines Co's ROE % falls into.



Wisdom Marine Lines Co ROE % Calculation

Wisdom Marine Lines Co'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 )
=3280.376/( (46991.815+45796.636)/ 2 )
=3280.376/46394.2255
=7.07 %

Wisdom Marine Lines Co's annualized ROE % for the quarter that ended in Jun. 2024 is calculated as

ROE %=Net Income (Q: Jun. 2024 )/( (Total Stockholders Equity (Q: Mar. 2024 )+Total Stockholders Equity (Q: Jun. 2024 ))/ count )
=6876.572/( (47964.894+49288.951)/ 2 )
=6876.572/48626.9225
=14.14 %

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


Wisdom Marine Lines Co  (TPE:2637) 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. 2024 )
=Net Income/Total Stockholders Equity
=6876.572/48626.9225
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(6876.572 / 22176.812)*(22176.812 / 92096.3045)*(92096.3045 / 48626.9225)
=Net Margin %*Asset Turnover*Equity Multiplier
=31.01 %*0.2408*1.8939
=ROA %*Equity Multiplier
=7.47 %*1.8939
=14.14 %

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. 2024 )
=Net Income/Total Stockholders Equity
=6876.572/48626.9225
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (6876.572 / 6899.108) * (6899.108 / 8447.368) * (8447.368 / 22176.812) * (22176.812 / 92096.3045) * (92096.3045 / 48626.9225)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9967 * 0.8167 * 38.09 % * 0.2408 * 1.8939
=14.14 %

Note: The net income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (Jun. 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.


Wisdom Marine Lines Co ROE % Related Terms

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


Wisdom Marine Lines Co Business Description

Traded in Other Exchanges
N/A
Address
Fushing South Road, 7th Floor, No. 237, Section 2, Room 711, Taipei, TWN, 10667
Wisdom Marine Lines Co Ltd is a transportation and logistics company domiciled in Cayman Island. The company provides marine cargo transportation services, service related to the maintenance, vessel leasing, and shipping agency and management services. The company derives its revenue from the following six geographical areas: Japan, the Netherlands, Singapore, Denmark, Panama, Germany, and others. The company derives the majority portion of revenue from Singapore.

Wisdom Marine Lines Co Headlines

No Headlines