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Gabelli Utility Trust (NYSE:GUTpC.PFD) ROE %

: -9.89% (As of Jun. 2022)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Gabelli Utility Trust's annualized net income for the quarter that ended in Jun. 2022 was $-36.64 Mil. Gabelli Utility Trust's average Total Stockholders Equity over the quarter that ended in Jun. 2022 was $370.67 Mil. Therefore, Gabelli Utility Trust's annualized ROE % for the quarter that ended in Jun. 2022 was -9.89%.

The historical rank and industry rank for Gabelli Utility Trust's ROE % or its related term are showing as below:

GUTpC.PFD' s ROE % Range Over the Past 10 Years
Min: -3.98   Med: 7.57   Max: 16.2
Current: 1.18

During the past 5 years, Gabelli Utility Trust's highest ROE % was 16.20%. The lowest was -3.98%. And the median was 7.57%.

GUTpC.PFD's ROE % is ranked better than
56.03% of 1683 companies
in the Asset Management industry
Industry Median: -1.38 vs GUTpC.PFD: 1.18

Gabelli Utility Trust (NYSE:GUTpC.PFD) ROE % Historical Data

The historical data trend for Gabelli Utility Trust'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.

Gabelli Utility Trust Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21
ROE % 7.57 -1.64 16.20 -3.98 12.22

Gabelli Utility Trust Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.46 18.64 11.66 12.07 -9.89

Gabelli Utility Trust (NYSE:GUTpC.PFD) ROE % Competitive Comparison

For the Asset Management subindustry, Gabelli Utility Trust'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.

   

Gabelli Utility Trust (NYSE:GUTpC.PFD) ROE % Distribution

For the Asset Management industry and Financial Services sector, Gabelli Utility Trust's ROE % distribution charts can be found below:

* The bar in red indicates where Gabelli Utility Trust's ROE % falls into.



Gabelli Utility Trust ROE % Calculation

Gabelli Utility Trust's annualized ROE % for the fiscal year that ended in Dec. 2021 is calculated as

ROE %=Net Income (A: Dec. 2021 )/( (Total Stockholders Equity (A: Dec. 2020 )+Total Stockholders Equity (A: Dec. 2021 ))/ count )
=43.163/( (327.593+378.63)/ 2 )
=43.163/353.1115
=12.22 %

Gabelli Utility Trust's annualized ROE % for the quarter that ended in Jun. 2022 is calculated as

ROE %=Net Income (Q: Jun. 2022 )/( (Total Stockholders Equity (Q: Dec. 2021 )+Total Stockholders Equity (Q: Jun. 2022 ))/ count )
=-36.642/( (378.63+362.7)/ 2 )
=-36.642/370.665
=-9.89 %

* 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 (Jun. 2022) net income data. ROE % is displayed in the 30-year financial page.


Gabelli Utility Trust  (NYSE:GUTpC.PFD) 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. 2022 )
=Net Income/Total Stockholders Equity
=-36.642/370.665
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-36.642 / -35.916)*(-35.916 / 372.4495)*(372.4495 / 370.665)
=Net Margin %*Asset Turnover*Equity Multiplier
=102.02 %*-0.0964*1.0048
=ROA %*Equity Multiplier
=-9.83 %*1.0048
=-9.89 %

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. 2022 )
=Net Income/Total Stockholders Equity
=-36.642/370.665
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-36.642 / -36.642) * (-36.642 / -35.916) * (-35.916 / 372.4495) * (372.4495 / 370.665)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 102.02 % * -0.0964 * 1.0048
=-9.89 %

Note: The net income data used here is two times the semi-annual (Jun. 2022) net income data. The Revenue data used here is two times the semi-annual (Jun. 2022) 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.


Gabelli Utility Trust ROE % Related Terms

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


Gabelli Utility Trust (NYSE:GUTpC.PFD) Business Description

Gabelli Utility Trust logo
Traded in Other Exchanges
Address
One Corporate Center, Rye, NY, USA, 10580-1422
Gabelli Utility Trust operates as a diversified closed-end investment management company. The fund's primary objective is the long-term growth of capital and income. To achieve its objective, the fund may invest 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas, & water; and telecommunications services or infrastructure operations. It invests in various sectors, of which Electric Integrated, Water, Telecommunications, and U.S. Government Obligations account for the majority weightage.
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