GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Carlyle Credit Income Fund (NYSE:CCIF) » Definitions » ROE %

Carlyle Creditome Fund (Carlyle Creditome Fund) ROE % : -26.61% (As of Sep. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Carlyle Creditome Fund ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Carlyle Creditome Fund's annualized net income for the quarter that ended in Sep. 2023 was $-27.15 Mil. Carlyle Creditome Fund's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was $102.04 Mil. Therefore, Carlyle Creditome Fund's annualized ROE % for the quarter that ended in Sep. 2023 was -26.61%.

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

CCIF' s ROE % Range Over the Past 10 Years
Min: -11.45   Med: -1.14   Max: 8.13
Current: -11.37

During the past 5 years, Carlyle Creditome Fund's highest ROE % was 8.13%. The lowest was -11.45%. And the median was -1.14%.

CCIF's ROE % is ranked worse than
85.62% of 1697 companies
in the Asset Management industry
Industry Median: 4.06 vs CCIF: -11.37

Carlyle Creditome Fund ROE % Historical Data

The historical data trend for Carlyle Creditome 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.

Carlyle Creditome Fund ROE % Chart

Carlyle Creditome Fund Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
ROE %
8.13 -1.14 6.32 -2.73 -11.45

Carlyle Creditome Fund Semi-Annual Data
Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.89 -2.72 -2.76 3.29 -26.61

Competitive Comparison of Carlyle Creditome Fund's ROE %

For the Asset Management subindustry, Carlyle Creditome 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.


Carlyle Creditome Fund's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Carlyle Creditome Fund's ROE % distribution charts can be found below:

* The bar in red indicates where Carlyle Creditome Fund's ROE % falls into.



Carlyle Creditome Fund ROE % Calculation

Carlyle Creditome Fund's annualized ROE % for the fiscal year that ended in Sep. 2023 is calculated as

ROE %=Net Income (A: Sep. 2023 )/( (Total Stockholders Equity (A: Sep. 2022 )+Total Stockholders Equity (A: Sep. 2023 ))/ count )
=-11.822/( (107.829+98.751)/ 2 )
=-11.822/103.29
=-11.45 %

Carlyle Creditome Fund's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as

ROE %=Net Income (Q: Sep. 2023 )/( (Total Stockholders Equity (Q: Mar. 2023 )+Total Stockholders Equity (Q: Sep. 2023 ))/ count )
=-27.152/( (105.327+98.751)/ 2 )
=-27.152/102.039
=-26.61 %

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


Carlyle Creditome Fund  (NYSE:CCIF) 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: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-27.152/102.039
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-27.152 / -18.892)*(-18.892 / 104.993)*(104.993 / 102.039)
=Net Margin %*Asset Turnover*Equity Multiplier
=143.72 %*-0.1799*1.0289
=ROA %*Equity Multiplier
=-25.86 %*1.0289
=-26.61 %

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: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-27.152/102.039
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-27.152 / -27.152) * (-27.152 / -18.892) * (-18.892 / 104.993) * (104.993 / 102.039)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 143.72 % * -0.1799 * 1.0289
=-26.61 %

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


Carlyle Creditome Fund ROE % Related Terms

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


Carlyle Creditome Fund (Carlyle Creditome Fund) Business Description

Traded in Other Exchanges
N/A
Address
One Vanderbilt Avenue, Suite 3400, New York, NY, USA, 10017
Carlyle Credit Income Fund is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to generate current income, with a secondary objective to generate capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in equity and junior debt tranches of collateralized loan obligations, that are collateralized by a portfolio consisting primarily of below-investment-grade U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors.
Executives
Joshua Lefkowitz officer: CCO, CLO & Secretary C/O THE CARLYLE GROUP, 520 MADISON AVE, 38TH FLOOR, NEW YORK NY 10022
Nelson Joseph officer: PFO, PAO & Treasurer ONE VANDERBILT AVENUE, SUITE 3400, NEW YORK NY 10017
Lauren Michelle Basmadjian director, officer: Principal Executive Officer 250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177
Nishil Mehta other: Portfolio Manager ONE VANDERBILT AVENUE, SUITE 3400, NEW YORK NY 10017
Joan Y Mccabe director C/O CARLYLE GLOBAL CREDIT INVESTMENT MGT, ONE VANDERBILT AVE STE 3400, NEW YORK NY 10017
Sanjeev Handa director C/O CARLYLE GLOBAL CREDIT INVESTMENT MGT, ONE VANDERBILT AVE STE 3400, NEW YORK NY 10017
Cg Subsidiary Holdings L.l.c. 10 percent owner C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Brian Marcus director C/O THE CARLYLE GROUP, 520 MADISON AVE, 38TH FLOOR, NEW YORK NY 10022
Mark Garbin director C/O ALTEGRIS KKR COMMITMENTS MASTER FUND, 1200 PROSPECT STREET, SUITE 400, LA JOLLA CA 92037
Carlyle Group Inc. 10 percent owner C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Tc Group, Llc 10 percent owner C/O CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE NW SUITE 220 S, WASHINGTON DC 20004
Carlyle Holdings I Gp Inc. 10 percent owner C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505
Carlyle Holdings I Gp Sub L.l.c. 10 percent owner C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505
Carlyle Holdings I L.p. 10 percent owner C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505
Carlyle Investment Management Llc 10 percent owner 1001 PENNSYLVANIA AVE. N.W., WASHINGTON DC 20004

Carlyle Creditome Fund (Carlyle Creditome Fund) Headlines

From GuruFocus