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Site Group International (ASX:SIT) ROE % : -73.99% (As of Dec. 2023)


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What is Site Group International ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Site Group International's annualized net income for the quarter that ended in Dec. 2023 was A$-1.63 Mil. Site Group International's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was A$2.20 Mil. Therefore, Site Group International's annualized ROE % for the quarter that ended in Dec. 2023 was -73.99%.

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

ASX:SIT' s ROE % Range Over the Past 10 Years
Min: -186.42   Med: -16.06   Max: Negative Equity
Current: -177.18

During the past 13 years, Site Group International's highest ROE % was Negative Equity%. The lowest was -186.42%. And the median was -16.06%.

ASX:SIT's ROE % is ranked worse than
97.29% of 258 companies
in the Education industry
Industry Median: 5.46 vs ASX:SIT: -177.18

Site Group International ROE % Historical Data

The historical data trend for Site Group International'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.

Site Group International ROE % Chart

Site Group International Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - Negative Equity

Site Group International Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - - Negative Equity -281.45 -73.99

Competitive Comparison of Site Group International's ROE %

For the Education & Training Services subindustry, Site Group International'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.


Site Group International's ROE % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Site Group International's ROE % distribution charts can be found below:

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



Site Group International ROE % Calculation

Site Group International's annualized ROE % for the fiscal year that ended in Jun. 2023 is calculated as

ROE %=Net Income (A: Jun. 2023 )/( (Total Stockholders Equity (A: Jun. 2022 )+Total Stockholders Equity (A: Jun. 2023 ))/ count )
=19.22/( (-21.753+2.567)/ 2 )
=19.22/-9.593
=Negative Equity %

Site Group International's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Jun. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=-1.63/( (2.567+1.839)/ 2 )
=-1.63/2.203
=-73.99 %

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


Site Group International  (ASX:SIT) 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
=-1.63/2.203
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.63 / 9.984)*(9.984 / 13.2875)*(13.2875 / 2.203)
=Net Margin %*Asset Turnover*Equity Multiplier
=-16.33 %*0.7514*6.0315
=ROA %*Equity Multiplier
=-12.27 %*6.0315
=-73.99 %

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
=-1.63/2.203
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-1.63 / -1.77) * (-1.77 / -1.33) * (-1.33 / 9.984) * (9.984 / 13.2875) * (13.2875 / 2.203)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9209 * 1.3308 * -13.32 % * 0.7514 * 6.0315
=-73.99 %

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


Site Group International ROE % Related Terms

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Site Group International (ASX:SIT) Business Description

Traded in Other Exchanges
N/A
Address
488 Queen Street, Level 2, Brisbane, QLD, AUS, 4000
Site Group International Ltd is engaged in education services in Australia and internationally. It delivers workforce solutions across a variety of industries to both retail and corporate clients. Its segments include Site Skills Training - International, which operates a facility at Clark Freeport Zone in the Philippines, Energy Services, which refers to the establishment of specialised energy training and services, and Tertiary Education, which delivers Diploma and certificate level courses at Site's campuses in Australia. It provides vocational training and assessment services for candidates in the mining and processing, oil and gas, construction, camp services, hospitality, and logistics sectors. The majority of revenue is derived from Site Skills Training.

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