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abrdn Asia Focus (CHIX:AASL) ROE % : 35.40% (As of Jul. 2024)


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What is abrdn Asia Focus ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. abrdn Asia Focus's annualized net income for the quarter that ended in Jul. 2024 was £171.48 Mil. abrdn Asia Focus's average Total Stockholders Equity over the quarter that ended in Jul. 2024 was £484.38 Mil. Therefore, abrdn Asia Focus's annualized ROE % for the quarter that ended in Jul. 2024 was 35.40%.

The historical rank and industry rank for abrdn Asia Focus's ROE % or its related term are showing as below:

CHIX:AASl' s ROE % Range Over the Past 10 Years
Min: -15.1   Med: 6.79   Max: 34.59
Current: 7.7

During the past 13 years, abrdn Asia Focus's highest ROE % was 34.59%. The lowest was -15.10%. And the median was 6.79%.

CHIX:AASl's ROE % is ranked better than
53.74% of 1671 companies
in the Asset Management industry
Industry Median: 6.47 vs CHIX:AASl: 7.70

abrdn Asia Focus ROE % Historical Data

The historical data trend for abrdn Asia Focus'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.

abrdn Asia Focus ROE % Chart

abrdn Asia Focus Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.10 34.59 -2.31 7.41 7.56

abrdn Asia Focus Quarterly Data
Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
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 -11.95 11.98 17.72 -4.66 35.40

Competitive Comparison of abrdn Asia Focus's ROE %

For the Asset Management subindustry, abrdn Asia Focus'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.


abrdn Asia Focus's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, abrdn Asia Focus's ROE % distribution charts can be found below:

* The bar in red indicates where abrdn Asia Focus's ROE % falls into.



abrdn Asia Focus ROE % Calculation

abrdn Asia Focus's annualized ROE % for the fiscal year that ended in Jul. 2024 is calculated as

ROE %=Net Income (A: Jul. 2024 )/( (Total Stockholders Equity (A: Jul. 2023 )+Total Stockholders Equity (A: Jul. 2024 ))/ count )
=37.325/( (485.784+502.26)/ 2 )
=37.325/494.022
=7.56 %

abrdn Asia Focus's annualized ROE % for the quarter that ended in Jul. 2024 is calculated as

ROE %=Net Income (Q: Jul. 2024 )/( (Total Stockholders Equity (Q: Jan. 2024 )+Total Stockholders Equity (Q: Jul. 2024 ))/ count )
=171.476/( (466.501+502.26)/ 2 )
=171.476/484.3805
=35.40 %

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


abrdn Asia Focus  (CHIX:AASl) 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: Jul. 2024 )
=Net Income/Total Stockholders Equity
=171.476/484.3805
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(171.476 / 207.416)*(207.416 / 560.8055)*(560.8055 / 484.3805)
=Net Margin %*Asset Turnover*Equity Multiplier
=82.67 %*0.3699*1.1578
=ROA %*Equity Multiplier
=30.58 %*1.1578
=35.40 %

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: Jul. 2024 )
=Net Income/Total Stockholders Equity
=171.476/484.3805
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (171.476 / 204.672) * (204.672 / 207.416) * (207.416 / 560.8055) * (560.8055 / 484.3805)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.8378 * 98.68 % * 0.3699 * 1.1578
=35.40 %

Note: The net income data used here is four times the quarterly (Jul. 2024) net income data. The Revenue data used here is four times the quarterly (Jul. 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.


abrdn Asia Focus ROE % Related Terms

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abrdn Asia Focus Business Description

Traded in Other Exchanges
Address
280 Bishopsgate, London, GBR, EC2M 4AG
abrdn Asia Focus PLC, formerly Aberdeen Standard Asia Focus PLC is a United Kingdom-based investment trust. Its investment objective is to maximize total return to shareholders over the long term from a portfolio of smaller quoted companies in the economies of Asia and Australasia, excluding Japan. The company uses gearing selectively to leverage its portfolio in order to enhance returns. It aims to achieve a spread of investments with no single investment representing more than 15% of assets at the time of investment. The company seeks to diversify its portfolio across a range of industries and economies within the investment region.

abrdn Asia Focus Headlines

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