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Aviat Networks ROE %

: 12.36% (As of Mar. 2022)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Aviat Networks's annualized net income attributable to common stockholders for the quarter that ended in Mar. 2022 was $24.1 Mil. Aviat Networks's average Total Stockholders Equity over the quarter that ended in Mar. 2022 was $195.1 Mil. Therefore, Aviat Networks's annualized ROE % for the quarter that ended in Mar. 2022 was 12.36%.

The historical rank and industry rank for Aviat Networks's ROE % or its related term are showing as below:

AVNW' s ROE % Range Over the Past 10 Years
Min: -43.71   Med: -6.21   Max: 87.41
Current: 10.34

During the past 13 years, Aviat Networks's highest ROE % was 87.41%. The lowest was -43.71%. And the median was -6.21%.

AVNW's ROE % is ranked better than
60.9% of 2325 companies
in the Hardware industry
Industry Median: 7.37 vs AVNW: 10.34

Aviat Networks ROE % Historical Data

The historical data trend for Aviat Networks'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.

Aviat Networks Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.54 3.31 15.09 0.37 87.41

Aviat Networks Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
ROE % 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 Premium Member Only Premium Member Only Premium Member Only 286.76 6.24 10.09 12.43 12.36

Competitive Comparison

For the Communication Equipment subindustry, Aviat Networks'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.

   

Aviat Networks ROE % Distribution

For the Hardware industry and Technology sector, Aviat Networks's ROE % distribution charts can be found below:

* The bar in red indicates where Aviat Networks's ROE % falls into.



Aviat Networks ROE % Calculation

Aviat Networks's annualized ROE % for the fiscal year that ended in Jun. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Jun. 2021 )/( (Total Stockholders Equity (A: Jun. 2020 )+Total Stockholders Equity (A: Jun. 2021 ))/ count )
=110.139/( (68.681+183.335)/ 2 )
=110.139/126.008
=87.41 %

Aviat Networks's annualized ROE % for the quarter that ended in Mar. 2022 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Mar. 2022 )/( (Total Stockholders Equity (Q: Dec. 2021 )+Total Stockholders Equity (Q: Mar. 2022 ))/ count )
=24.116/( (192.892+197.33)/ 2 )
=24.116/195.111
=12.36 %

* 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 attributable to common stockholders 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 attributable to common stockholders data used here is four times the quarterly (Mar. 2022) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Aviat Networks  (NAS:AVNW) 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: Mar. 2022 )
=Net Income/Total Stockholders Equity
=24.116/195.111
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(24.116 / 298.064)*(298.064 / 318.4025)*(318.4025 / 195.111)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.09 %*0.9361*1.6319
=ROA %*Equity Multiplier
=7.57 %*1.6319
=12.36 %

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: Mar. 2022 )
=Net Income/Total Stockholders Equity
=24.116/195.111
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (24.116 / 29.228) * (29.228 / 29.64) * (29.64 / 298.064) * (298.064 / 318.4025) * (318.4025 / 195.111)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8251 * 0.9861 * 9.94 % * 0.9361 * 1.6319
=12.36 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Mar. 2022) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Mar. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders 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.


Aviat Networks ROE % Related Terms

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


Aviat Networks Business Description

Aviat Networks logo
Traded in Other Exchanges
Address
200 Parker Drive, Suite C100A, Austin, TX, USA, 78728
Aviat Networks Inc is a networking solutions provider. It designs, manufactures and sells wireless networking products, solutions, and services to mobile and fixed operators, private network operators, government agencies, transportation and utility companies, public safety agencies and broadcast network operators around the world. The company's product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly-licensed and license-exempt (operating in license-exempt frequencies), and element and network management software. Primarily the firm's concentrations for most of the Sales and Service resources are in the United States, Western and Southern Africa, the Philippines, and the European Union.
Executives
Taten Bruce M. director 600 TRAVIS, SUITE 5600 HOUSTON TX 77002
Singh Somesh director 1301 S MOPAC EXPRESSWAY SUITE 100 AUSTIN TX 78746
Ingram Bryan director C/O AVAGO TECHNOLOGIES LIMITED 350 WEST TRIMBLE ROAD, BLDG. 90 SAN JOSE CA 95131
Gray David M officer: Sr VP and CFO AVIAT NETWORKS, INC 200 PARKER DRIVE, SUITE C 100A AUSTIN TX 78726
Boase Erin officer: VP Legal Affairs AVIAT NETWORKS, INC. 200 PARKER DRIVE, SUITE C100A AUSTIN TX 78728
Croke Gary officer: VP Marketing and PLM AVIAT NETWORKS, INC. 200 PARKER DRIVE, SUITE C100A AUSTIN TX 78728
Klein Michele director 469 MINOCA ROAD PORTOLA VALLEY CA 94028
Tucker Bryan officer: Sr. VP, Americas Sales and Ser 200 PARKER DRIVE SUITE C100A AUSTIN TX 78728
Sph Group Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P. 590 MADISON AVENUE, 32ND FLOOR NEW YORK NY 10022
Steel Partners Holdings Gp Inc. 10 percent owner 590 MADISON AVENUE 32ND FLOOR NEW YORK NY 10022
Sph Group Holdings Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P. 590 MADISON AVENUE, 32ND FLOOR NEW YORK NY 10022
Steel Partners Holdings L.p. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR NEW YORK NY 10022
Steel Excel Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR NEW YORK NY 10022
Loeb Dahlia director 200 PARKER DRIVE SUITE C100A AUSTIN TX 78728
Smith Pete A officer: President & CEO C/O POLYPORE INTERNATIONAL, INC. 11430 N. COMMUNITY HOUSE RD, SUITE 350 CHARLOTTE NC 28277

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