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Sunworks (Sunworks) ROE % : -397.28% (As of Sep. 2023)


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What is Sunworks ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Sunworks's annualized net income for the quarter that ended in Sep. 2023 was $-145.6 Mil. Sunworks's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was $36.7 Mil. Therefore, Sunworks's annualized ROE % for the quarter that ended in Sep. 2023 was -397.28%.

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

SUNWQ' s ROE % Range Over the Past 10 Years
Min: -117.48   Med: -43.34   Max: 8.28
Current: -117.48

During the past 13 years, Sunworks's highest ROE % was 8.28%. The lowest was -117.48%. And the median was -43.34%.

SUNWQ's ROE % is ranked worse than
97.55% of 979 companies
in the Semiconductors industry
Industry Median: 4.47 vs SUNWQ: -117.48

Sunworks ROE % Historical Data

The historical data trend for Sunworks'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.

Sunworks ROE % Chart

Sunworks Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -44.75 -99.64 -75.01 -49.85 -41.27

Sunworks 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 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 -31.02 -41.76 -41.89 -92.36 -397.28

Competitive Comparison of Sunworks's ROE %

For the Solar subindustry, Sunworks'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.


Sunworks's ROE % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunworks's ROE % distribution charts can be found below:

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



Sunworks ROE % Calculation

Sunworks'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: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=-28.211/( (72.766+63.937)/ 2 )
=-28.211/68.3515
=-41.27 %

Sunworks'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 )
=-145.616/( (51.698+21.609)/ 2 )
=-145.616/36.6535
=-397.28 %

* 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.


Sunworks  (OTCPK:SUNWQ) 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
=-145.616/36.6535
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-145.616 / 114.784)*(114.784 / 85.3445)*(85.3445 / 36.6535)
=Net Margin %*Asset Turnover*Equity Multiplier
=-126.86 %*1.3449*2.3284
=ROA %*Equity Multiplier
=-170.61 %*2.3284
=-397.28 %

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
=-145.616/36.6535
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-145.616 / -145.616) * (-145.616 / -40.672) * (-40.672 / 114.784) * (114.784 / 85.3445) * (85.3445 / 36.6535)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 3.5803 * -35.43 % * 1.3449 * 2.3284
=-397.28 %

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.


Sunworks ROE % Related Terms

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


Sunworks (Sunworks) Business Description

Traded in Other Exchanges
Address
1555 Freedom Boulevard, Provo, UT, USA, 84604
Sunworks Inc provides photovoltaic (PV) and battery-based power and storage systems for the residential and commercial markets. Commercial projects include commercial, agricultural, industrial, and public works projects. It has three operating segments; Residential Solar offers design, arrangement to finance, integrate, install, and manage systems for residential homeowners, Commercial Solar offers design, arrangement to finance, integration, install, and manage systems ranging in size from 50kW (kilowatt) to multi-MW (megawatt) systems for larger commercial and public works projects, and Corporate segment includes general company oversight and management. The company derives a majority of its revenue from the residential solar segment.
Executives
Mark Trout officer: Group CEO of Solcius 1598 E. BOX ELDER DRIVE, ALPINE UT 84004
Jason Lee Bonfigt officer: Chief Financial Officer 3240 S. CENTRAL AVE., CICERO IL 60804
Gaylon Morris director, officer: Chief Executive Officer 1030 WINDING CREEK ROAD, SUITE 100, ROSEVILLE CA 95678
Mccullough Patrick Clement Jr. director 3858 WEST 12240 SOUTH, PAYSON UT 84651
Christopher Gardner Monahan officer: Chief Legal Officer 1555 FREEDOM BLVD 200 WEST, PROVO UT 84604
Jason Scott Knapp officer: President of Solcius 3858 WEST 12240 SOUTH, PAYSON UT 84651
Charles F Cargile director C/O SUNWORKS, INC., 1010 WINDING CREEK ROAD, SUITE 100, ROSEVILLE CA 95678
Judith Ann Hall director C/O SUNWORKS, INC., 1030 WINDING CREEK ROAD, SUITE 100, ROSEVILLE CA 95678
Philip A. Radmilovic officer: Chief Financial Officer 3569 MINERS RAVINE DR., ROSEVILLE CA 95661
Stanley E Speer director 100 WILSHIRE BLVD, STE 1600, SANTA MONICA CA 90401
Joshua Schechter director C/O THE PANTRY, INC., 305 GREGSON DRIVE, CARY NC 27511
Daniel Andrew Gross director C/0 SUNWORKS, INC, 1030 WINDING CREEK ROAD, SUITE 100, ROSEVILLE CA 34110
Abraham Richard Emard director 2690 TAYLOR ROAD, PENRYN CA 95663
Paul Clayton Mcdonnel officer: Chief Financial Officer ARROWHEAD RESEARCH CORPORATION, 201 SOUTH LAKE AVENUE, SUITE 703, PASADENA CA 91101
Slooten John Van director 1592 RED TREE COURT, DRAPER UT 84020