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Empresa General de Inversiones (XPTY:EGIN) ROE %

: 18.55% (As of Dec. 2023)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Empresa General de Inversiones's annualized net income for the quarter that ended in Dec. 2023 was $476 Mil. Empresa General de Inversiones's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $2,567 Mil. Therefore, Empresa General de Inversiones's annualized ROE % for the quarter that ended in Dec. 2023 was 18.55%.

The historical rank and industry rank for Empresa General de Inversiones's ROE % or its related term are showing as below:

XPTY:EGIN' s ROE % Range Over the Past 10 Years
Min: 10.05   Med: 17.78   Max: 20.5
Current: 20.35

During the past 13 years, Empresa General de Inversiones's highest ROE % was 20.50%. The lowest was 10.05%. And the median was 17.78%.

XPTY:EGIN's ROE % is ranked better than
90.1% of 1465 companies
in the Banks industry
Industry Median: 9.97 vs XPTY:EGIN: 20.35

Empresa General de Inversiones ROE % Historical Data

The historical data trend for Empresa General de Inversiones'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.

Empresa General de Inversiones Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.56 10.05 13.87 17.87 20.50

Empresa General de Inversiones Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 23.60 19.52 21.54 21.69 18.55

Competitive Comparison

For the Banks - Regional subindustry, Empresa General de Inversiones'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.


Empresa General de Inversiones ROE % Distribution

For the Banks industry and Financial Services sector, Empresa General de Inversiones's ROE % distribution charts can be found below:

* The bar in red indicates where Empresa General de Inversiones's ROE % falls into.



Empresa General de Inversiones ROE % Calculation

Empresa General de Inversiones's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=500.828/( (2303.205+2581.957)/ 2 )
=500.828/2442.581
=20.50 %

Empresa General de Inversiones'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 )
=476.112/( (2552.036+2581.957)/ 2 )
=476.112/2566.9965
=18.55 %

* 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.


Empresa General de Inversiones  (XPTY:EGIN) 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
=476.112/2566.9965
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(476.112 / 1311.636)*(1311.636 / 19376.0755)*(19376.0755 / 2566.9965)
=Net Margin %*Asset Turnover*Equity Multiplier
=36.3 %*0.0677*7.5482
=ROA %*Equity Multiplier
=2.46 %*7.5482
=18.55 %

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
=476.112/2566.9965
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (476.112 / 894.708) * (894.708 / 1311.636) * (1311.636 / 19376.0755) * (19376.0755 / 2566.9965)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.5321 * 68.21 % * 0.0677 * 7.5482
=18.55 %

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.


Empresa General de Inversiones ROE % Related Terms

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Empresa General de Inversiones (XPTY:EGIN) Business Description

Traded in Other Exchanges
N/A
Address
Building Torre Banco General, Aquilino de la, Guardia Street to 5th Avenue South B, Section 4592 Marbella, Panama, PAN, 5
Empresa General de Inversiones SA is engaged in the provision of banking and insurance services to individual and corporate customers. The company offers mortgage, commercial, consumer, and corporate loans; fixed term deposits; and consumer and corporate banking services. The company has five segments Banking and Financial Activities, Insurance and Reinsurance, Pension and Unemployment Funds, Petroleum, Share Holder, and the majority of its revenue is generated from Banking and Financial Activities.

Empresa General de Inversiones (XPTY:EGIN) Headlines

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