GURUFOCUS.COM » STOCK LIST » USA » NYSE » Marine Products Corp (NYSE:MPX) » Definitions » ROE %
Switch to:

Marine Products ROE %

: 37.21% (As of Jun. 2022)
View and export this data going back to 2001. Start your Free Trial

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. Marine Products's annualized net income attributable to common stockholders for the quarter that ended in Jun. 2022 was $39.0 Mil. Marine Products's average Total Stockholders Equity over the quarter that ended in Jun. 2022 was $104.8 Mil. Therefore, Marine Products's annualized ROE % for the quarter that ended in Jun. 2022 was 37.21%.

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

MPX' s ROE % Range Over the Past 10 Years
Min: 8.15   Med: 22.18   Max: 38.29
Current: 31.93

During the past 13 years, Marine Products's highest ROE % was 38.29%. The lowest was 8.15%. And the median was 22.18%.

MPX's ROE % is ranked better than
94.39% of 1213 companies
in the Vehicles & Parts industry
Industry Median: 5.90 vs MPX: 31.93

Marine Products ROE % Historical Data

The historical data trend for Marine Products'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.

Marine Products Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.70 38.29 36.18 23.53 31.10

Marine Products Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 25.29 28.31 34.38 27.69 37.21

Competitive Comparison

For the Recreational Vehicles subindustry, Marine Products'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.

   

Marine Products ROE % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Marine Products's ROE % distribution charts can be found below:

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



Marine Products ROE % Calculation

Marine Products's annualized ROE % for the fiscal year that ended in Dec. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Dec. 2021 )/( (Total Stockholders Equity (A: Dec. 2020 )+Total Stockholders Equity (A: Dec. 2021 ))/ count )
=28.46/( (84.519+98.525)/ 2 )
=28.46/91.522
=31.10 %

Marine Products's annualized ROE % for the quarter that ended in Jun. 2022 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Jun. 2022 )/( (Total Stockholders Equity (Q: Mar. 2022 )+Total Stockholders Equity (Q: Jun. 2022 ))/ count )
=38.988/( (101.423+108.124)/ 2 )
=38.988/104.7735
=37.21 %

* 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. 2022) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Marine Products  (NYSE:MPX) 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. 2022 )
=Net Income/Total Stockholders Equity
=39.82/104.7735
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(39.82 / 383.252)*(383.252 / 145.637)*(145.637 / 104.7735)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.39 %*2.6316*1.39
=ROA %*Equity Multiplier
=27.34 %*1.39
=38.01 %

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. 2022 )
=Net Income/Total Stockholders Equity
=39.82/104.7735
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (39.82 / 52.428) * (52.428 / 52.456) * (52.456 / 383.252) * (383.252 / 145.637) * (145.637 / 104.7735)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7595 * 0.9995 * 13.69 % * 2.6316 * 1.39
=38.01 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Jun. 2022) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Jun. 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.


Marine Products ROE % Related Terms

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


Marine Products Business Description

Marine Products logo
Traded in Other Exchanges
N/A
Address
2801 Buford Highway NE, Suite 300, Atlanta, GA, USA, 30329
Marine Products Corp is a manufacturer of fiberglass motorized boats distributed and marketed through its independent dealer network. It operates in the Powerboat Manufacturing business segment through Nashville, Georgia, Valdosta, and Georgia. Its product offerings include Chaparral sterndrive, outboard, and jet pleasure boats and Robalo outboard sport fishing boats. The company offers its products to the family recreational and cruiser markets through its Chaparral brand and to the sportfishing market through its Robalo brand.
Executives
Schmit Michael officer: CFO and Corporate Secretary 3055 TORRINGTON DRIVE BALL GROUND GA 30107
Wilson John F director 2170 PIEDMONT ROAD, NE ATLANTA GA 30324
Gunning Patrick J. director 1958 CALDER COURT DUNWOODY GA 30338
Bell Susan R. director 852 CASTLE FALLS DR. ATLANTA GA 30329
Cynkus Harry J director 2170 PIEDMONT RD ATLANTA GA 30324
Nix Jerry W director 2999 WILDWOOD PARKWAY ATLANTA GA 30339
2007 Gwr Grandchildren's Partnership 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
1997 Rrr Grandchildren's Partnership 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
R. Randall Rollins Voting Trust U/a Dated August 25, 1994 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
R. Randall Rollins 2012 Trust 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY, NE ATLANTA GA 30329
Wneg Investments, L.p. 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
Gary W. Rollins Revocable Trust 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
Rctlor, Llc 10 percent owner C/O RFA MANAGEMENT COMPANY 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
Rft Investment Company, Llc 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
Rollins Holding Company, Inc. 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329

Marine Products Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)