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Western Resources (Western Resources) ROE % : 1.38% (As of Dec. 2023)


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Western Resources ROE % Definition

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Western Resources's annualized net income for the quarter that ended in Dec. 2023 was $2.52 Mil. Western Resources's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $182.71 Mil. Therefore, Western Resources's annualized ROE % for the quarter that ended in Dec. 2023 was 1.38%.

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

WTRNF' s ROE % Range Over the Past 10 Years
Min: -7.28   Med: -0.92   Max: 1.31
Current: 0.66

During the past 13 years, Western Resources's highest ROE % was 1.31%. The lowest was -7.28%. And the median was -0.92%.

WTRNF's ROE % is ranked better than
79.73% of 2482 companies
in the Metals & Mining industry
Industry Median: -16.015 vs WTRNF: 0.66

Western Resources ROE % Historical Data

The historical data trend for Western Resources'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 Resources ROE % Chart

Western Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.59 -1.02 -3.51 -0.60 1.13

Western Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.24 2.57 -1.31 - 1.38

Competitive Comparison of Western Resources's ROE %

For the Other Industrial Metals & Mining subindustry, Western Resources'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 Resources's ROE % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Western Resources's ROE % distribution charts can be found below:

* The bar in red indicates where Western Resources's ROE % falls into.



Western Resources ROE % Calculation

Western Resources's annualized ROE % for the fiscal year that ended in Sep. 2023 is calculated as

ROE %=Net Income (A: Sep. 2023 )/( (Total Stockholders Equity (A: Sep. 2022 )+Total Stockholders Equity (A: Sep. 2023 ))/ count )
=2.043/( (180.978+181.587)/ 2 )
=2.043/181.2825
=1.13 %

Western Resources's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=2.516/( (181.587+183.835)/ 2 )
=2.516/182.711
=1.38 %

* 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. 2023) net income data. ROE % is displayed in the 30-year financial page.


Western Resources  (OTCPK:WTRNF) 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. 2023 )
=Net Income/Total Stockholders Equity
=2.516/182.711
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2.516 / 0)*(0 / 263.9325)*(263.9325 / 182.711)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*1.4445
=ROA %*Equity Multiplier
=N/A %*1.4445
=1.38 %

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. 2023 )
=Net Income/Total Stockholders Equity
=2.516/182.711
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (2.516 / 2.516) * (2.516 / -1.34) * (-1.34 / 0) * (0 / 263.9325) * (263.9325 / 182.711)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * -1.8776 * N/A % * 0 * 1.4445
=1.38 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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.


Western Resources ROE % Related Terms

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


Western Resources (Western Resources) Business Description

Traded in Other Exchanges
Address
666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8
Western Resources Corp is a resource company focused on the development of its potash project in Canada owned by its wholly owned subsidiary, Western Potash Corp, located in Southern Saskatchewan. Its objectives are to complete Phase I of the Milestone Project to prove a new mining technology, which will then be applied to Phases 2 and 3 to develop potash deposits in an environmentally friendly model. The company's two reportable operating segments are the acquisition, exploration, and development of mineral properties and the investment in real estate projects in Canada.