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Western Asset Global High Fd ROE %

: 8.89% (As of May. 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. Western Asset Global High Fd's annualized net income attributable to common stockholders for the quarter that ended in May. 2021 was $21.43 Mil. Western Asset Global High Fd's average Total Stockholders Equity over the quarter that ended in May. 2021 was $241.07 Mil. Therefore, Western Asset Global High Fd's annualized ROE % for the quarter that ended in May. 2021 was 8.89%.

The historical rank and industry rank for Western Asset Global High Fd's ROE % or its related term are showing as below:

NYSE:EHI' s ROE % Range Over the Past 10 Years
Min: -0.29   Med: 3.3   Max: 19.67
Current: 19.67

-0.29
19.67

During the past 4 years, Western Asset Global High Fd's highest ROE % was 19.67%. The lowest was -0.29%. And the median was 3.30%.

NYSE:EHI's ROE % is ranked higher than
61% of the 1685 Companies
in the Asset Management industry.

( Industry Median: 15.13 vs. NYSE:EHI: 19.67 )

Western Asset Global High Fd ROE % Historical Data

The historical data trend for Western Asset Global High Fd'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.

Western Asset Global High Fd Annual Data
Trend May18 May19 May20 May21
ROE %
0.35 6.25 -0.29 17.82

Western Asset Global High Fd Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21
ROE % Premium Member Only Premium Member Only Premium Member Only 15.81 9.39 -10.36 29.31 8.89

Competitive Comparison

For the Asset Management subindustry, Western Asset Global High Fd'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.

   

Western Asset Global High Fd ROE % Distribution

For the Asset Management industry and Financial Services sector, Western Asset Global High Fd's ROE % distribution charts can be found below:

* The bar in red indicates where Western Asset Global High Fd's ROE % falls into.



Western Asset Global High Fd ROE % Calculation

Western Asset Global High Fd's annualized ROE % for the fiscal year that ended in May. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: May. 2021 )/( (Total Stockholders Equity (A: May. 2020 )+Total Stockholders Equity (A: May. 2021 ))/ count )
=59.643/( (427.519+241.863)/ 2 )
=59.643/334.691
=17.82 %

Western Asset Global High Fd's annualized ROE % for the quarter that ended in May. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: May. 2021 )/( (Total Stockholders Equity (Q: Nov. 2020 )+Total Stockholders Equity (Q: May. 2021 ))/ count )
=21.426/( (240.274+241.863)/ 2 )
=21.426/241.0685
=8.89 %

* 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 two times the semi-annual (May. 2021) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Western Asset Global High Fd  (NYSE:EHI) 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: May. 2021 )
=Net Income/Total Stockholders Equity
=21.426/241.0685
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.426 / 21.956)*(21.956 / 355.4085)*(355.4085 / 241.0685)
=Net Margin %*Asset Turnover*Equity Multiplier
=97.59 %*0.0618*1.4743
=ROA %*Equity Multiplier
=6.03 %*1.4743
=8.89 %

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: May. 2021 )
=Net Income/Total Stockholders Equity
=21.426/241.0685
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (21.426 / 21.426) * (21.426 / 0) * (0 / 21.956) * (21.956 / 355.4085) * (355.4085 / 241.0685)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * N/A * 0 % * 0.0618 * 1.4743
=8.89 %

Note: The net income attributable to common stockholders data used here is two times the semi-annual (May. 2021) net income attributable to common stockholders data. The Revenue data used here is two times the semi-annual (May. 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.


Western Asset Global High Fd ROE % Related Terms

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


Western Asset Global High Fd Business Description

Western Asset Global High Fd logo
Industry
Financial Services » Asset Management NAICS : 523930 SIC : 6282
Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 49th Floor, New York, NY, USA, 10018
Western Asset Global High Inc Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is high current income and total return by investing in a global portfolio of securities. The fund invests in various sectors such as Consumer Discretionary, Energy, Healthcare, Industrials, materials, and others.
Executives
Fergerson Laura F other: Manager/Investment Manager 3310 QUALITY DRIVE 2ND FLOOR RANCHO CORDOVA CA 95670
Eakes Brian other: Manager/Investment Manager 100 INTERNATIONAL DRIVE BALTIMORE MD 21202
Hoyt George P. officer: Secretary and Ch Lgl Officer C/O FRANKLIN TEMPLETON 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Nicholls Matthew other: Director of Sub-Adviser ONE FRANKLIN PARKWAY SAN MATEO CA 94403
Bolt Jennifer J other: Director of Sub-Adviser C/O FRANKLIN RESOURCES, INC. ONE FRANKLIN PARKWAY SAN MATEO CA 94403-1906
Plafker Jed A. other: Director of Sub-Adviser ONE FRANKLIN PARKWAY SAN MATEO CA 94403
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE 58TH FLOOR NEW YORK NY 10174
Weinstein Boaz 10 percent owner 405 LEXINGTON AVENUE 58TH FLOOR NEW YORK NY 10174
Jensen Fred Steven officer: Chief Compliance Officer LEGG MASON 620 EIGHTH AVENUE, 49TH FLOOR NEW YORK NY 10018
Cronin Daniel P director 235 EAST 42ND ST NEW YORK NY 10017
Hutchinson William R director 535 N MICHIGAN STE 1012 CHICAGO IL 60611
Berarducci Christopher officer: Treas/Principal Finan Officer LEGG MASON 620 EIGHTH AVENUE NEW YORK NY 10018
Kumar Nisha director 1735 MARKET STREET 32ND FLOOR PHILADELPHIA PA 19103
Berg Jennifer S officer: Treasurer 100 INTERNATIONAL DRIVE 7TH FLOOR BALTIMORE MD 21202
Kuehl Todd F officer: Chief Compliance Officer 1555 PEACHTREE STREET NE ATLANTA 2Q 30309

Western Asset Global High Fd Headlines

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