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YTO Express Group Co (SHSE:600233) ROE % : 11.40% (As of Sep. 2023)


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What is YTO Express Group Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. YTO Express Group Co's annualized net income for the quarter that ended in Sep. 2023 was ¥3,194 Mil. YTO Express Group Co's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was ¥28,003 Mil. Therefore, YTO Express Group Co's annualized ROE % for the quarter that ended in Sep. 2023 was 11.40%.

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

SHSE:600233' s ROE % Range Over the Past 10 Years
Min: 4.68   Med: 14.79   Max: 32.08
Current: 14.02

During the past 13 years, YTO Express Group Co's highest ROE % was 32.08%. The lowest was 4.68%. And the median was 14.79%.

SHSE:600233's ROE % is ranked better than
69.34% of 949 companies
in the Transportation industry
Industry Median: 8.46 vs SHSE:600233: 14.02

YTO Express Group Co ROE % Historical Data

The historical data trend for YTO Express Group Co'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.

YTO Express Group Co ROE % Chart

YTO Express Group Co 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 18.38 13.67 11.77 10.59 15.91

YTO Express Group Co 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 16.15 17.60 13.36 13.81 11.40

Competitive Comparison of YTO Express Group Co's ROE %

For the Integrated Freight & Logistics subindustry, YTO Express Group Co'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.


YTO Express Group Co's ROE % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, YTO Express Group Co's ROE % distribution charts can be found below:

* The bar in red indicates where YTO Express Group Co's ROE % falls into.



YTO Express Group Co ROE % Calculation

YTO Express Group Co'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 )
=3919.674/( (22603.547+26672.691)/ 2 )
=3919.674/24638.119
=15.91 %

YTO Express Group Co'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 )
=3193.596/( (27715.568+28289.948)/ 2 )
=3193.596/28002.758
=11.40 %

* 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.


YTO Express Group Co  (SHSE:600233) 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
=3193.596/28002.758
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3193.596 / 55037.484)*(55037.484 / 40727.4115)*(40727.4115 / 28002.758)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.8 %*1.3514*1.4544
=ROA %*Equity Multiplier
=7.84 %*1.4544
=11.40 %

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
=3193.596/28002.758
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (3193.596 / 4096.144) * (4096.144 / 3994.14) * (3994.14 / 55037.484) * (55037.484 / 40727.4115) * (40727.4115 / 28002.758)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7797 * 1.0255 * 7.26 % * 1.3514 * 1.4544
=11.40 %

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.


YTO Express Group Co ROE % Related Terms

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YTO Express Group Co (SHSE:600233) Business Description

Traded in Other Exchanges
N/A
Address
Xu Highway 3029, Huaxin Town, Qingpu District, Shanghai, CHN, 201705
YTO Express is one of the Tongda Operators—the top four national express delivery companies that use the network partner model. In this model, Tongdas provide line-haul transportation, sorting, and waybill services to their network partners for fees, while their local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect customer payments. The company was founded by Yu Huijiao in 2020. Yu remains chair and president with a 33.22% stake as of Sept. 30, 2023. Yu and Zhang Xiao Juan, who owned 2.15% of YTO as of that date, are persons acting in concert. YTO's strategic shareholder is leading China e-commerce company Alibaba Group and its affiliated companies, with around a 20.65% interest as of Dec. 2, 2023.

YTO Express Group Co (SHSE:600233) Headlines

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