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Finbar Group (ASX:FRI) ROE % : 12.15% (As of Jun. 2024)


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What is Finbar Group ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Finbar Group's annualized net income for the quarter that ended in Jun. 2024 was A$30.2 Mil. Finbar Group's average Total Stockholders Equity over the quarter that ended in Jun. 2024 was A$248.9 Mil. Therefore, Finbar Group's annualized ROE % for the quarter that ended in Jun. 2024 was 12.15%.

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

ASX:FRI' s ROE % Range Over the Past 10 Years
Min: 1.3   Med: 4.14   Max: 11.17
Current: 6.75

During the past 13 years, Finbar Group's highest ROE % was 11.17%. The lowest was 1.30%. And the median was 4.14%.

ASX:FRI's ROE % is ranked better than
67.57% of 1767 companies
in the Real Estate industry
Industry Median: 2.76 vs ASX:FRI: 6.75

Finbar Group ROE % Historical Data

The historical data trend for Finbar 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.

Finbar Group ROE % Chart

Finbar Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.70 3.65 4.49 1.30 6.69

Finbar Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 1.22 -0.34 2.98 1.23 12.15

Competitive Comparison of Finbar Group's ROE %

For the Real Estate - Development subindustry, Finbar 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.


Finbar Group's ROE % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Finbar Group's ROE % distribution charts can be found below:

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



Finbar Group ROE % Calculation

Finbar Group's annualized ROE % for the fiscal year that ended in Jun. 2024 is calculated as

ROE %=Net Income (A: Jun. 2024 )/( (Total Stockholders Equity (A: Jun. 2023 )+Total Stockholders Equity (A: Jun. 2024 ))/ count )
=16.603/( (240.072+256.499)/ 2 )
=16.603/248.2855
=6.69 %

Finbar Group's annualized ROE % for the quarter that ended in Jun. 2024 is calculated as

ROE %=Net Income (Q: Jun. 2024 )/( (Total Stockholders Equity (Q: Dec. 2023 )+Total Stockholders Equity (Q: Jun. 2024 ))/ count )
=30.236/( (241.381+256.499)/ 2 )
=30.236/248.94
=12.15 %

* 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 (Jun. 2024) net income data. ROE % is displayed in the 30-year financial page.


Finbar Group  (ASX:FRI) 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: Jun. 2024 )
=Net Income/Total Stockholders Equity
=30.236/248.94
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(30.236 / 359.296)*(359.296 / 627.3475)*(627.3475 / 248.94)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.42 %*0.5727*2.5201
=ROA %*Equity Multiplier
=4.82 %*2.5201
=12.15 %

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: Jun. 2024 )
=Net Income/Total Stockholders Equity
=30.236/248.94
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (30.236 / 43.494) * (43.494 / 22.828) * (22.828 / 359.296) * (359.296 / 627.3475) * (627.3475 / 248.94)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6952 * 1.9053 * 6.35 % * 0.5727 * 2.5201
=12.15 %

Note: The net income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 2024) 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.


Finbar Group ROE % Related Terms

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Finbar Group Business Description

Traded in Other Exchanges
N/A
Address
181 Adelaide Terrace, Level 6, East Perth, Perth, WA, AUS, 6004
Finbar Group Ltd develops and invests in properties in Australia. The company develops medium to high density residential apartments and commercial properties, as well as rents its properties in Western Australia. It operates through the following segments: Residential apartment development, Commercial office/Retail development, Rental of property, and Corporate. The majority of the group's revenue is generated through the Residential apartment development segment in Western Australia. Geographically the group operates in Western Australia.