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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Addvantage Technologies Group's annualized net income for the quarter that ended in Sep. 2023 was $-10.91 Mil. Addvantage Technologies Group's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was $6.12 Mil. Therefore, Addvantage Technologies Group's annualized ROE % for the quarter that ended in Sep. 2023 was -178.31%.
The historical rank and industry rank for Addvantage Technologies Group's ROE % or its related term are showing as below:
During the past 13 years, Addvantage Technologies Group's highest ROE % was 4.34%. The lowest was -94.75%. And the median was -0.13%.
The historical data trend for Addvantage Technologies Group'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.
Addvantage Technologies Group Annual Data | |||||||||||||||||||||
Trend | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Dec22 | |||||||||||
ROE % | Get a 7-Day Free Trial | -19.21 | -16.58 | -78.11 | -51.28 | 4.19 |
Addvantage Technologies Group Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
ROE % | Get a 7-Day Free Trial | 54.36 | -16.09 | -101.10 | -132.23 | -178.31 |
For the Electronics & Computer Distribution subindustry, Addvantage Technologies Group'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.
For the Hardware industry and Technology sector, Addvantage Technologies Group's ROE % distribution charts can be found below:
* The bar in red indicates where Addvantage Technologies Group's ROE % falls into.
Addvantage Technologies Group's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as
ROE % | = | Net Income (A: Dec. 2022 ) | / | ( (Total Stockholders Equity (A: Sep. 2021 ) | + | Total Stockholders Equity (A: Dec. 2022 )) | / count ) |
= | 0.471 | / | ( (10.427 | + | 12.047) | / 2 ) | |
= | 0.471 | / | 11.237 | ||||
= | 4.19 % |
Addvantage Technologies Group's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as
ROE % | = | Net Income (Q: Sep. 2023 ) | / | ( (Total Stockholders Equity (Q: Jun. 2023 ) | + | Total Stockholders Equity (Q: Sep. 2023 )) | / count ) |
= | -10.908 | / | ( (7.448 | + | 4.787) | / 2 ) | |
= | -10.908 | / | 6.1175 | ||||
= | -178.31 % |
* 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 (Sep. 2023) net income data. ROE % is displayed in the 30-year financial page.
Addvantage Technologies Group (OTCPK:AEYGQ) 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 | ||
= | -10.908 | / | 6.1175 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-10.908 / 41.364) | * | (41.364 / 19.754) | * | (19.754 / 6.1175) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -26.37 % | * | 2.094 | * | 3.2291 |
= | ROA % | * | Equity Multiplier | ||
= | -55.22 % | * | 3.2291 | ||
= | -178.31 % |
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 | ||||||
= | -10.908 | / | 6.1175 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-10.908 / -10.9) | * | (-10.9 / -8.916) | * | (-8.916 / 41.364) | * | (41.364 / 19.754) | * | (19.754 / 6.1175) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1.0007 | * | 1.2225 | * | -21.55 % | * | 2.094 | * | 3.2291 |
= | -178.31 % |
Note: The net income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (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.
Thank you for viewing the detailed overview of Addvantage Technologies Group's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Timothy Scott Harden | director | 5729 LEBANON ROAD, SUITE 144411, FRISCO TX 75034 |
Jim Mcgill | director | 2121 SOUTH YORKTOWN #1103, TULSA OK 74114 |
Brian Neal Davidson | officer: Chief Revenue Officer | 1430 BRADLEY LANE, SUITE 196, CARROLLTON TX 75007 |
Jerry Don Jones | officer: President, Fulton Technologies | 1045 BRICE ST, MERIDIAN TX 76665 |
Michael A Rutledge | officer: Chief Financial Officer | 5000 LEGACY DR, SUITE 350, PLANO TX 75024 |
Michael G Ramke | officer: INTERIM CFO | |
Kenneth A Chymiak | director, 10 percent owner, officer: President and CEO | 808 N 16TH ST, BROKEN ARROW OK 74012 |
Susan C Chymiak | 10 percent owner | C/O ADDVANTAGE TECHNOLOGIES GROUP INC, 1605 E IOLA, BROKEN ARROW OK 74012 |
Jarrod M Watson | officer: Chief Financial Officer | 5604 TEMPLIN WAY, PLANO TX 75093 |
Jimmy R Taylor | officer: President, Wireless Services | 22905 CIELO VISTA, SAN ANTONIO TX 78255 |
Reginald Jaramillo | officer: President, Telco Segment | 1801 GOLIAD WAY, LANTANA TX 76226 |
John Shelnutt | director | 605 ISLEWORTH LANE, MCKINNEY TX 75072 |
Donald Jr Kinison | officer: Vice President of Sales | 1010 TWIN OAKS, PROSPER TX 75078 |
Scott A Francis | director, officer: VP and CFO | 1221 E. HOUSTON ST., BROKEN ARROW OK 74012 |
Empey Colby | officer: President, Wireless Services | 908 BLUFFVIEW DRIVE, ALLEN TX 75002 |
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