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iFresh (iFresh) ROE % : 47.71% (As of Dec. 2020)


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What is iFresh ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. iFresh's annualized net income for the quarter that ended in Dec. 2020 was $9.22 Mil. iFresh's average Total Stockholders Equity over the quarter that ended in Dec. 2020 was $19.33 Mil. Therefore, iFresh's annualized ROE % for the quarter that ended in Dec. 2020 was 47.71%.

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

IFMK's ROE % is not ranked *
in the Retail - Defensive industry.
Industry Median: 9.67
* Ranked among companies with meaningful ROE % only.

iFresh ROE % Historical Data

The historical data trend for iFresh'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.

iFresh ROE % Chart

iFresh Annual Data
Trend Dec14 Dec15 Mar17 Mar18 Mar19 Mar20
ROE %
Get a 7-Day Free Trial -48.12 15.16 -13.92 -541.53 -

iFresh Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 - - 240.44 -78.79 47.71

Competitive Comparison of iFresh's ROE %

For the Grocery Stores subindustry, iFresh'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.


iFresh's ROE % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, iFresh's ROE % distribution charts can be found below:

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



iFresh ROE % Calculation

iFresh's annualized ROE % for the fiscal year that ended in Mar. 2020 is calculated as

ROE %=Net Income (A: Mar. 2020 )/( (Total Stockholders Equity (A: Mar. 2019 )+Total Stockholders Equity (A: Mar. 2020 ))/ count )
=-8.287/( (-1.032+-2.55)/ 2 )
=-8.287/-1.791
=N/A %

iFresh's annualized ROE % for the quarter that ended in Dec. 2020 is calculated as

ROE %=Net Income (Q: Dec. 2020 )/( (Total Stockholders Equity (Q: Sep. 2020 )+Total Stockholders Equity (Q: Dec. 2020 ))/ count )
=9.224/( (17.965+20.702)/ 2 )
=9.224/19.3335
=47.71 %

* 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 (Dec. 2020) net income data. ROE % is displayed in the 30-year financial page.


iFresh  (OTCPK:IFMK) 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: Dec. 2020 )
=Net Income/Total Stockholders Equity
=9.224/19.3335
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(9.224 / 102.52)*(102.52 / 131.53)*(131.53 / 19.3335)
=Net Margin %*Asset Turnover*Equity Multiplier
=9 %*0.7794*6.8032
=ROA %*Equity Multiplier
=7.01 %*6.8032
=47.71 %

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: Dec. 2020 )
=Net Income/Total Stockholders Equity
=9.224/19.3335
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (9.224 / 1.648) * (1.648 / 3.944) * (3.944 / 102.52) * (102.52 / 131.53) * (131.53 / 19.3335)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 5.5971 * 0.4178 * 3.85 % * 0.7794 * 6.8032
=47.71 %

Note: The net income data used here is four times the quarterly (Dec. 2020) net income data. The Revenue data used here is four times the quarterly (Dec. 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.


iFresh ROE % Related Terms

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


iFresh (iFresh) Business Description

Traded in Other Exchanges
N/A
Address
2-39 54th Avenue, Long Island City, NY, USA
iFresh Inc is an Asian/Chinese grocery supermarket chain in the North-Eastern U.S. providing food and other merchandise hard to find in mainstream grocery stores. The company has two reportable and operating segments: Retail segment and Wholesale segment. It offers seafood, vegetables, meat, fruit, frozen goods, groceries, and bakery products through its retail stores. The company generates a majority of its revenue from its retail segment.
Executives
Fei Zhang 10 percent owner NO. 136-30 YUE JIN VILLAGE DA DU KOU DISTRICT CHONG QING CITY F4 400080
Ping Zhou director, 10 percent owner 51 RENMIN SOUTH ROAD BUILDING 3, UNIT 3, ROOM 501 WUHOU DISTRICT CHENGDU SICHUAN F4 610041
Jay Walder director 2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Long Yi officer: Chief Financial Officer NO. 1688, YUNLI ROAD, TONLGI, WUJIANG, JIANGSU PROVINCE F4 0000000000
Long Deng director, 10 percent owner, officer: CEO, COO & Chairman of Board 2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Lilly Deng director, 10 percent owner, officer: VP of Legal and Finance 2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Hk Xu Ding Co., Ltd 10 percent owner UNIT 5, 27/F., RICHMOND COMM. BLDG. 109 ARGYLE STREET, MONGKOK, KOWLOON HONG KONG K3 0000000
Junfeng Liu 10 percent owner UNIT 5, 27/F., RICHMOND COMM. BLDG. 109 ARGYLE STREET MONGKOK, KOWLOON K3 00000
Harvey Leibowitz director
Mark Fang director 2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Xin He officer: Chief Financial Officer 32000 AURORA ROAD, SUITE B, SOLON OH 44139
Jianming You director 2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Amy He officer: Chief Financial Officer 8TH FLOOR BLOCK 8 AOLINJIATAI BLDG, 1 KEHUIQIAN ST, CHAOYANG DISTRICT, BEIJING F4 00000
Xiangke Fang director 2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Henry Chang-yu Lee director 300 BOSTON POST ROAD WEST HAVEN CT 06516

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