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Manning & Napier (Manning & Napier) ROE % : 10.05% (As of Jun. 2022)


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What is Manning & Napier ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Manning & Napier's annualized net income for the quarter that ended in Jun. 2022 was $9.4 Mil. Manning & Napier's average Total Stockholders Equity over the quarter that ended in Jun. 2022 was $93.3 Mil. Therefore, Manning & Napier's annualized ROE % for the quarter that ended in Jun. 2022 was 10.05%.

The historical rank and industry rank for Manning & Napier's ROE % or its related term are showing as below:

MN's ROE % is not ranked *
in the Asset Management industry.
Industry Median: 4.06
* Ranked among companies with meaningful ROE % only.

Manning & Napier ROE % Historical Data

The historical data trend for Manning & Napier'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.

Manning & Napier ROE % Chart

Manning & Napier Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.22 2.00 0.90 8.23 28.48

Manning & Napier Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 28.75 30.89 32.97 5.11 10.05

Competitive Comparison of Manning & Napier's ROE %

For the Asset Management subindustry, Manning & Napier'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.


Manning & Napier's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Manning & Napier's ROE % distribution charts can be found below:

* The bar in red indicates where Manning & Napier's ROE % falls into.



Manning & Napier ROE % Calculation

Manning & Napier'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 )
=25.105/( (82.957+93.363)/ 2 )
=25.105/88.16
=28.48 %

Manning & Napier's annualized ROE % for the quarter that ended in Jun. 2022 is calculated as

ROE %=Net Income (Q: Jun. 2022 )/( (Total Stockholders Equity (Q: Mar. 2022 )+Total Stockholders Equity (Q: Jun. 2022 ))/ count )
=9.376/( (92.333+94.3)/ 2 )
=9.376/93.3165
=10.05 %

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


Manning & Napier  (NYSE:MN) 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
=9.376/93.3165
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(9.376 / 135.188)*(135.188 / 159.2085)*(159.2085 / 93.3165)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.94 %*0.8491*1.7061
=ROA %*Equity Multiplier
=5.89 %*1.7061
=10.05 %

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
=9.376/93.3165
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (9.376 / 18.016) * (18.016 / 28.42) * (28.42 / 135.188) * (135.188 / 159.2085) * (159.2085 / 93.3165)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.5204 * 0.6339 * 21.02 % * 0.8491 * 1.7061
=10.05 %

Note: The net income data used here is four times the quarterly (Jun. 2022) net income data. The Revenue data used here is four times the quarterly (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.


Manning & Napier ROE % Related Terms

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


Manning & Napier (Manning & Napier) Business Description

Traded in Other Exchanges
N/A
Address
290 Woodcliff Drive, Fairport, NY, USA, 14450
Manning & Napier Inc is an independent investment management firm. It provides investment management services through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services. It also offers equity, fixed income, and alternative strategies, as well as a range of blended asset portfolios, such as life cycle funds. The company offers its investment management capabilities primarily through direct sales to high net worth individuals and institutions, as well as through third-party intermediaries, platforms, and institutional investment consultants. The majority of the revenue is generated from the Management fees received.
Executives
Christopher Pickett Briley officer: See Remarks 2050 STELCHEST DRIVE, WESTMINSTER MD 21157
Holder Lofton Phillip Jr director 48 WEST 89TH STREET, NEW YORK NY 10024
Scott Morabito officer: See Remarks C/O MANNING & NAPIER, INC., 290 WOODCLIFF DRIVE, FAIRPORT NY 14450
Stacey Green officer: See Remarks C/O MANNING & NAPIER, INC., 290 WOODCLIFF DRIVE, FAIRPORT NY 14450
Ebrahim Busheri officer: Director of Investments 180 BEACH DRIVE NE, UNIT 1102, ST. PETERSBURG FL 33701
Marc O Mayer officer: Chief Executive Officer C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
William Manning director, officer: Chief Executive Officer 290 WOODCLIFF DRIVE, FAIRPORT NY 14450
Aaron Thomas Mcgreevy officer: See Remarks 600 SINSBURY DRIVE EAST, WORTHINGTON OH 43085
Edward J Pettinella director C/O HOME PROPERTIES, 850 CLINTON SQUARE, ROCHESTER NY 14604
Gregory Woodard officer: See Remarks C/O MANNING & NAPIER, 290 WOODCLIFF DRIVE, FAIRPORT NY 14450
Robert Irving Kopech director C/O MANNING & NAPIER, INC., 290 WOODCLIFF DRIVE, FAIRPORT NY 14450
Thomas Roy Anderson officer: See Remarks 1233 WATERFORD ROAD, WEST CHESTER PA 19380
Brunner Nicole Marie Kingsley officer: See Remarks 39 DEER CREEK ROAD, PITTSFORD NY 14534
Antony John Desorbo officer: See Remarks 8429 HOBNAIL ROAD, MANLIUS NY 13104
Sarah Christine Turner officer: See Remarks 637 CONTEMPRI WAY, WEBSTER NY 14580