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Oaktree Specialty Lending ROE %

: 14.58% (As of Jun. 2021)
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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. Oaktree Specialty Lending's annualized net income attributable to common stockholders for the quarter that ended in Jun. 2021 was $188.2 Mil. Oaktree Specialty Lending's average Total Stockholders Equity over the quarter that ended in Jun. 2021 was $1,290.6 Mil. Therefore, Oaktree Specialty Lending's annualized ROE % for the quarter that ended in Jun. 2021 was 14.58%.

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

NAS:OCSL' s ROE % Range Over the Past 10 Years
Min: -19.6   Med: 5.04   Max: 25.5
Current: 25.5

-19.6
25.5

During the past 13 years, Oaktree Specialty Lending's highest ROE % was 25.50%. The lowest was -19.60%. And the median was 5.04%.

NAS:OCSL's ROE % is ranked lower than
99.99% of the 51 Companies
in the Credit Services industry.

( Industry Median: 16.40 vs. NAS:OCSL: 25.50 )

Oaktree Specialty Lending ROE % Historical Data

The historical data trend for Oaktree Specialty Lending'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.

Oaktree Specialty Lending Annual Data
Trend Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.33 -19.60 5.42 14.11 4.25

Oaktree Specialty Lending Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 59.69 31.85 27.89 31.42 14.58

Competitive Comparison

For the Credit Services subindustry, Oaktree Specialty Lending'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.

   

Oaktree Specialty Lending ROE % Distribution

For the Credit Services industry and Financial Services sector, Oaktree Specialty Lending's ROE % distribution charts can be found below:

* The bar in red indicates where Oaktree Specialty Lending's ROE % falls into.



Oaktree Specialty Lending ROE % Calculation

Oaktree Specialty Lending's annualized ROE % for the fiscal year that ended in Sep. 2020 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Sep. 2020 )/( (Total Stockholders Equity (A: Sep. 2019 )+Total Stockholders Equity (A: Sep. 2020 ))/ count )
=39.224/( (930.63+914.879)/ 2 )
=39.224/922.7545
=4.25 %

Oaktree Specialty Lending's annualized ROE % for the quarter that ended in Jun. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Jun. 2021 )/( (Total Stockholders Equity (Q: Mar. 2021 )+Total Stockholders Equity (Q: Jun. 2021 ))/ count )
=188.152/( (1278.823+1302.414)/ 2 )
=188.152/1290.6185
=14.58 %

* 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 (Jun. 2021) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Oaktree Specialty Lending  (NAS:OCSL) 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. 2021 )
=Net Income/Total Stockholders Equity
=188.152/1290.6185
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(188.152 / 201.64)*(201.64 / 2448.0605)*(2448.0605 / 1290.6185)
=Net Margin %*Asset Turnover*Equity Multiplier
=93.31 %*0.0824*1.8968
=ROA %*Equity Multiplier
=7.69 %*1.8968
=14.58 %

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. 2021 )
=Net Income/Total Stockholders Equity
=188.152/1290.6185
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (188.152 / 195.268) * (195.268 / 0) * (0 / 201.64) * (201.64 / 2448.0605) * (2448.0605 / 1290.6185)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9636 * N/A * 0 % * 0.0824 * 1.8968
=14.58 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Jun. 2021) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Jun. 2021) 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.


Oaktree Specialty Lending ROE % Related Terms

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


Oaktree Specialty Lending Business Description

Oaktree Specialty Lending logo
Industry
Financial Services » Credit Services NAICS : 522390 SIC : 6162
Traded in Other Exchanges
Address
333 South Grand Avenue, 28th Floor, Los Angeles, CA, USA, 90071
Oaktree Specialty Lending Corp is a specialty finance company. It provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. Its investments generally range in size from ten million dollars to hundred million dollars and are principally in the form of the first lien, second lien, or collectively, senior secured, and subordinated debt investments, which may also include an equity component made in connection with investments by private equity sponsors.
Executives
Gero Deborah Ann director 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071
Ruben Richard director C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Tannenbaum Leonard M 10 percent owner 10 BANK STREET, 12TH FLOOR WHITE PLAINS NY 10606
Panossian Armen officer: Chief Executive Officer 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071
Jacobson Craig A director C/O EXPEDIA, INC. 333 108TH AVENUE NE BELLEVUE WA 98004
Pendo Mathew officer: President and COO C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Carlisle Melvin officer: CFO & Treasurer C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Zimmerman Bruce director C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Gamsin Marc director 1999 AVENUE OF THE STARS SUITE 2150 LOS ANGELES CA 90067
Frank John director C/O OAKTREE CAPITAL MANAGEMENT 333 SOUTH GRAND 28TH FLOOR LOS ANGELES CA 90071
Lee Edgar officer: See Remarks C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 SOUTH GRAND AVE, 28TH FLOOR LOS ANGELES CA 90071
Oaktree Holdings, Inc. 10 percent owner 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071
Oaktree Capital Management Lp 10 percent owner 333 S GRAND AVE 28TH FL LOS ANGELES CA 90071
Oaktree Capital Group, Llc 10 percent owner 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071
Oaktree Capital Group Holdings Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071

Oaktree Specialty Lending Headlines

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