GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Games Workshop Group PLC (OTCPK:GMWKF) » Definitions » ROE %

Games Workshop Group (Games Workshop Group) ROE %

: 59.32% (As of Nov. 2023)
View and export this data going back to . Start your Free Trial

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Games Workshop Group's annualized net income for the quarter that ended in Nov. 2023 was $177.6 Mil. Games Workshop Group's average Total Stockholders Equity over the quarter that ended in Nov. 2023 was $299.4 Mil. Therefore, Games Workshop Group's annualized ROE % for the quarter that ended in Nov. 2023 was 59.32%.

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

GMWKF' s ROE % Range Over the Past 10 Years
Min: 15.51   Med: 58.36   Max: 78.77
Current: 57.29

During the past 13 years, Games Workshop Group's highest ROE % was 78.77%. The lowest was 15.51%. And the median was 58.36%.

GMWKF's ROE % is ranked better than
93.13% of 786 companies
in the Travel & Leisure industry
Industry Median: 5.98 vs GMWKF: 57.29

Games Workshop Group ROE % Historical Data

The historical data trend for Games Workshop Group'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.

Games Workshop Group Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.16 58.21 77.94 56.19 57.45

Games Workshop Group Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 64.83 46.90 53.26 58.01 59.32

Competitive Comparison

For the Leisure subindustry, Games Workshop Group'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.


Games Workshop Group ROE % Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's ROE % distribution charts can be found below:

* The bar in red indicates where Games Workshop Group's ROE % falls into.



Games Workshop Group ROE % Calculation

Games Workshop Group's annualized ROE % for the fiscal year that ended in May. 2023 is calculated as

ROE %=Net Income (A: May. 2023 )/( (Total Stockholders Equity (A: May. 2022 )+Total Stockholders Equity (A: May. 2023 ))/ count )
=168.165/( (291.915+293.508)/ 2 )
=168.165/292.7115
=57.45 %

Games Workshop Group's annualized ROE % for the quarter that ended in Nov. 2023 is calculated as

ROE %=Net Income (Q: Nov. 2023 )/( (Total Stockholders Equity (Q: May. 2023 )+Total Stockholders Equity (Q: Nov. 2023 ))/ count )
=177.612/( (293.508+305.348)/ 2 )
=177.612/299.428
=59.32 %

* 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 two times the semi-annual (Nov. 2023) net income data. ROE % is displayed in the 30-year financial page.


Games Workshop Group  (OTCPK:GMWKF) 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: Nov. 2023 )
=Net Income/Total Stockholders Equity
=177.612/299.428
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(177.612 / 616.17)*(616.17 / 421.2835)*(421.2835 / 299.428)
=Net Margin %*Asset Turnover*Equity Multiplier
=28.83 %*1.4626*1.407
=ROA %*Equity Multiplier
=42.17 %*1.407
=59.32 %

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: Nov. 2023 )
=Net Income/Total Stockholders Equity
=177.612/299.428
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (177.612 / 236.816) * (236.816 / 235.074) * (235.074 / 616.17) * (616.17 / 421.2835) * (421.2835 / 299.428)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.75 * 1.0074 * 38.15 % * 1.4626 * 1.407
=59.32 %

Note: The net income data used here is two times the semi-annual (Nov. 2023) net income data. The Revenue data used here is two times the semi-annual (Nov. 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.


Games Workshop Group ROE % Related Terms

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


Games Workshop Group (Games Workshop Group) Business Description

Traded in Other Exchanges
Address
Willow Road, Lenton, Nottingham, GBR, NG7 2WS
Games Workshop Group PLC designs, manufactures and sells fantasy miniatures and games related products. It carries the manufacturing activity in the UK and sells the same in the different region of the countries such as Continental Europe, North America, and Asia Pacific. It operates through two segments Core and Licensing . The core segment includes all revenue and expenditure relating to the design, manufacture and sales of their fantasy miniatures and related products. The licensing segment includes all revenue and expenditure relating to licences granted to external partners. The company generates majority of its revenue from the core segment. The company offers more than 1000 products through there independent retail outlets in more than 50 countries.

Games Workshop Group (Games Workshop Group) Headlines

From GuruFocus

2 Niche Players That Keep Customers Entertained

By Steven Chen Steven Chen 05-03-2020

Urbem's 'Wonderful Business' Series: Games Workshop

By Steven Chen Steven Chen 12-22-2019

Why George Soros Likes Games Workshop

By The City Letter 07-31-2021

Buffettology's Three Categories of Moats

By Steven Chen Steven Chen 05-07-2020

Games Workshop Group PLC's Dividend Analysis

By GuruFocus Research 01-17-2024