GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Siemens Gamesa Renewable Energy SA (OTCPK:GCTAY) » Definitions » ROE %

Siemens Gamesa Renewable Energy (Siemens Gamesa Renewable Energy) ROE % : -112.03% (As of Dec. 2022)


View and export this data going back to 2008. Start your Free Trial

What is Siemens Gamesa Renewable Energy ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Siemens Gamesa Renewable Energy's annualized net income for the quarter that ended in Dec. 2022 was $-3,746 Mil. Siemens Gamesa Renewable Energy's average Total Stockholders Equity over the quarter that ended in Dec. 2022 was $3,343 Mil. Therefore, Siemens Gamesa Renewable Energy's annualized ROE % for the quarter that ended in Dec. 2022 was -112.03%.

The historical rank and industry rank for Siemens Gamesa Renewable Energy's ROE % or its related term are showing as below:

GCTAY's ROE % is not ranked *
in the Industrial Products industry.
Industry Median: 7.105
* Ranked among companies with meaningful ROE % only.

Siemens Gamesa Renewable Energy ROE % Historical Data

The historical data trend for Siemens Gamesa Renewable Energy'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.

Siemens Gamesa Renewable Energy ROE % Chart

Siemens Gamesa Renewable Energy Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Sep18 Sep19 Sep20 Sep21 Sep22
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.17 2.23 -17.01 -13.34 -20.54

Siemens Gamesa Renewable Energy Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 -36.60 -37.42 -48.34 30.37 -112.03

Competitive Comparison of Siemens Gamesa Renewable Energy's ROE %

For the Specialty Industrial Machinery subindustry, Siemens Gamesa Renewable Energy'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.


Siemens Gamesa Renewable Energy's ROE % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Siemens Gamesa Renewable Energy's ROE % distribution charts can be found below:

* The bar in red indicates where Siemens Gamesa Renewable Energy's ROE % falls into.



Siemens Gamesa Renewable Energy ROE % Calculation

Siemens Gamesa Renewable Energy's annualized ROE % for the fiscal year that ended in Sep. 2022 is calculated as

ROE %=Net Income (A: Sep. 2022 )/( (Total Stockholders Equity (A: Sep. 2021 )+Total Stockholders Equity (A: Sep. 2022 ))/ count )
=-931.148/( (5243.746+3823.621)/ 2 )
=-931.148/4533.6835
=-20.54 %

Siemens Gamesa Renewable Energy's annualized ROE % for the quarter that ended in Dec. 2022 is calculated as

ROE %=Net Income (Q: Dec. 2022 )/( (Total Stockholders Equity (Q: Sep. 2022 )+Total Stockholders Equity (Q: Dec. 2022 ))/ count )
=-3745.764/( (3823.621+2863.347)/ 2 )
=-3745.764/3343.484
=-112.03 %

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


Siemens Gamesa Renewable Energy  (OTCPK:GCTAY) 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. 2022 )
=Net Income/Total Stockholders Equity
=-3745.764/3343.484
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3745.764 / 8508.476)*(8508.476 / 17928.995)*(17928.995 / 3343.484)
=Net Margin %*Asset Turnover*Equity Multiplier
=-44.02 %*0.4746*5.3624
=ROA %*Equity Multiplier
=-20.89 %*5.3624
=-112.03 %

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. 2022 )
=Net Income/Total Stockholders Equity
=-3745.764/3343.484
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-3745.764 / -3834.744) * (-3834.744 / -3724.576) * (-3724.576 / 8508.476) * (8508.476 / 17928.995) * (17928.995 / 3343.484)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9768 * 1.0296 * -43.77 % * 0.4746 * 5.3624
=-112.03 %

Note: The net income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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.


Siemens Gamesa Renewable Energy ROE % Related Terms

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


Siemens Gamesa Renewable Energy (Siemens Gamesa Renewable Energy) Business Description

Traded in Other Exchanges
N/A
Address
Parque Tecnologico de Bizkaia, Building 222, Vizcaya, Zamudio, ESP, 48170
Siemens Gamesa is a leading manufacturer of onshore and offshore wind turbines. The company is the product of the merger between Siemens Wind Power and Gamesa in 2017. The firm operates in two business segments: wind turbines and services. Siemens Gamesa retained its position as the leading installer of offshore turbines in 2020. Siemens Energy (a recent spinoff from Siemens AG) has announced the takeover and delisting of Siemens Gamesa.

Siemens Gamesa Renewable Energy (Siemens Gamesa Renewable Energy) Headlines