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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. AMCI Acquisition's annualized net income for the quarter that ended in Sep. 2020 was $-2.47 Mil. AMCI Acquisition's average Total Stockholders Equity over the quarter that ended in Sep. 2020 was $144.06 Mil. Therefore, AMCI Acquisition's annualized ROE % for the quarter that ended in Sep. 2020 was -1.72%.
The historical rank and industry rank for AMCI Acquisition's ROE % or its related term are showing as below:
During the past 2 years, AMCI Acquisition's highest ROE % was -0.14%. The lowest was -0.63%. And the median was -0.14%.
The historical data trend for AMCI Acquisition'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.
AMCI Acquisition Annual Data | |||||
Trend | Dec18 | Dec19 | |||
ROE % | - | 1.33 |
AMCI Acquisition Quarterly Data | |||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
ROE % | Get a 7-Day Free Trial | 1.51 | 0.78 | 0.67 | -0.93 | -1.72 |
For the Shell Companies subindustry, AMCI Acquisition'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 Diversified Financial Services industry and Financial Services sector, AMCI Acquisition's ROE % distribution charts can be found below:
* The bar in red indicates where AMCI Acquisition's ROE % falls into.
AMCI Acquisition's annualized ROE % for the fiscal year that ended in Dec. 2019 is calculated as
ROE % | = | Net Income (A: Dec. 2019 ) | / | ( (Total Stockholders Equity (A: Dec. 2018 ) | + | Total Stockholders Equity (A: Dec. 2019 )) | / count ) |
= | 2.873 | / | ( (214.111 | + | 217.008) | / 2 ) | |
= | 2.873 | / | 215.5595 | ||||
= | 1.33 % |
AMCI Acquisition's annualized ROE % for the quarter that ended in Sep. 2020 is calculated as
ROE % | = | Net Income (Q: Sep. 2020 ) | / | ( (Total Stockholders Equity (Q: Jun. 2020 ) | + | Total Stockholders Equity (Q: Sep. 2020 )) | / count ) |
= | -2.472 | / | ( (144.369 | + | 143.751) | / 2 ) | |
= | -2.472 | / | 144.06 | ||||
= | -1.72 % |
* 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. 2020) net income data. ROE % is displayed in the 30-year financial page.
AMCI Acquisition (NAS:AMCIU) 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. 2020 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -2.472 | / | 144.06 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-2.472 / 0) | * | (0 / 153.4485) | * | (153.4485 / 144.06) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | N/A % | * | 0 | * | 1.0652 |
= | ROA % | * | Equity Multiplier | ||
= | N/A % | * | 1.0652 | ||
= | -1.72 % |
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. 2020 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | -2.472 | / | 144.06 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-2.472 / -1.7) | * | (-1.7 / -1.86) | * | (-1.86 / 0) | * | (0 / 153.4485) | * | (153.4485 / 144.06) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1.4541 | * | 0.914 | * | N/A % | * | 0 | * | 1.0652 |
= | -1.72 % |
Note: The net income data used here is four times the quarterly (Sep. 2020) net income data. The Revenue data used here is four times the quarterly (Sep. 2020) 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 AMCI Acquisition's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Glazer Capital, Llc | 10 percent owner | 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019 |
Paul J Glazer | 10 percent owner | 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019 |
Hudson Bay Capital Management Lp | 10 percent owner | 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830 |
Sander Gerber | 10 percent owner | C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830 |
Hans J Mende | director, 10 percent owner | ONE ENERGY PLACE, LATROBE PA 15650 |
Fritz R Kundrun | 10 percent owner | K-M INVESTMENT CORPORATION, ONE ENERGY PLACE, LATROBE PA 15650 |
Amci Sponsor Llc | 10 percent owner | 600 STEAMBOAT ROAD SOUTH, GREENWICH CT 06830 |
Jason Grant | director | C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
John Hunter William | director, officer: CEO and CFO | 930 TAHOE BOULEVARD, SUITE 802-16, INCLINE VILLAGE NV 89451 |
Clark Lawrence M Jr | director | C/O PAUL,WEISS,RIFKIND,WHARTON &, GARRISON LLP,1285 AVENUE OF THE AMERICAS, NEW YORK NY 10019-6064 |
Brian Beem | officer: Executive Vice President | 600 STEAMBOAT ROAD SOUTH, GREENWICH CT 06830 |
Gary Evan Uren | director | 600 STEAMBOAT ROAD SOUTH, GREENWICH CT 06830 |
Nimesh Patel | officer: Executive Vice President | 600 STEAMBOAT ROAD SOUTH, GREENWICH CT 06830 |
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