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Rubellite Energy (TSX:RBY) ROE % : 24.49% (As of Jun. 2024)


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What is Rubellite Energy ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Rubellite Energy's annualized net income for the quarter that ended in Jun. 2024 was C$49.5 Mil. Rubellite Energy's average Total Stockholders Equity over the quarter that ended in Jun. 2024 was C$202.0 Mil. Therefore, Rubellite Energy's annualized ROE % for the quarter that ended in Jun. 2024 was 24.49%.

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

TSX:RBY' s ROE % Range Over the Past 10 Years
Min: 8.07   Med: 10.35   Max: 19.3
Current: 11.11

During the past 3 years, Rubellite Energy's highest ROE % was 19.30%. The lowest was 8.07%. And the median was 10.35%.

TSX:RBY's ROE % is ranked better than
62.68% of 994 companies
in the Oil & Gas industry
Industry Median: 6.785 vs TSX:RBY: 11.11

Rubellite Energy ROE % Historical Data

The historical data trend for Rubellite Energy'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.

Rubellite Energy ROE % Chart

Rubellite Energy Annual Data
Trend Dec21 Dec22 Dec23
ROE %
8.07 19.30 10.35

Rubellite Energy Quarterly Data
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 7.47 8.46 19.64 -8.41 24.49

Competitive Comparison of Rubellite Energy's ROE %

For the Oil & Gas E&P subindustry, Rubellite Energy'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.


Rubellite Energy's ROE % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Rubellite Energy's ROE % distribution charts can be found below:

* The bar in red indicates where Rubellite Energy's ROE % falls into.



Rubellite Energy ROE % Calculation

Rubellite Energy'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 )
=18.561/( (159.495+199.311)/ 2 )
=18.561/179.403
=10.35 %

Rubellite Energy'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 )
=49.472/( (195.894+208.049)/ 2 )
=49.472/201.9715
=24.49 %

* 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.


Rubellite Energy  (TSX:RBY) 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
=49.472/201.9715
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(49.472 / 143.192)*(143.192 / 274.4235)*(274.4235 / 201.9715)
=Net Margin %*Asset Turnover*Equity Multiplier
=34.55 %*0.5218*1.3587
=ROA %*Equity Multiplier
=18.03 %*1.3587
=24.49 %

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
=49.472/201.9715
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (49.472 / 59.184) * (59.184 / 55.896) * (55.896 / 143.192) * (143.192 / 274.4235) * (274.4235 / 201.9715)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8359 * 1.0588 * 39.04 % * 0.5218 * 1.3587
=24.49 %

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.


Rubellite Energy ROE % Related Terms

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


Rubellite Energy Business Description

Traded in Other Exchanges
Address
605 5 Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 3H5
Rubellite Energy Inc is a Canadian energy company. The company is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The company is also engaged in the production of conventional heavy crude oil from the Clearwater Formation in Eastern Alberta, The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.
Executives
Ryan Goosen Senior Officer
Jeff Green Senior Officer
Tamara Macdonald Director
Susan Riddell Rose 10% Security Holder, Director, Senior Officer
Ryan Shay Director, Senior Officer
Bruce Shultz Director
Linda Lee Mckean Senior Officer

Rubellite Energy Headlines

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