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Access Engineering (COL:AEL.N0000) ROE % : 7.08% (As of Dec. 2023)


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What is Access Engineering ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Access Engineering's annualized net income for the quarter that ended in Dec. 2023 was රු2,489 Mil. Access Engineering's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was රු35,152 Mil. Therefore, Access Engineering's annualized ROE % for the quarter that ended in Dec. 2023 was 7.08%.

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

COL:AEL.N0000' s ROE % Range Over the Past 10 Years
Min: 4.55   Med: 13.8   Max: 24.96
Current: 24.96

During the past 13 years, Access Engineering's highest ROE % was 24.96%. The lowest was 4.55%. And the median was 13.80%.

COL:AEL.N0000's ROE % is ranked better than
90.62% of 1632 companies
in the Construction industry
Industry Median: 6.71 vs COL:AEL.N0000: 24.96

Access Engineering ROE % Historical Data

The historical data trend for Access Engineering'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.

Access Engineering ROE % Chart

Access Engineering Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.49 4.55 10.45 19.65 8.60

Access Engineering 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 -3.30 27.14 4.84 60.89 7.08

Competitive Comparison of Access Engineering's ROE %

For the Engineering & Construction subindustry, Access Engineering'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.


Access Engineering's ROE % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Access Engineering's ROE % distribution charts can be found below:

* The bar in red indicates where Access Engineering's ROE % falls into.



Access Engineering ROE % Calculation

Access Engineering's annualized ROE % for the fiscal year that ended in Mar. 2023 is calculated as

ROE %=Net Income (A: Mar. 2023 )/( (Total Stockholders Equity (A: Mar. 2022 )+Total Stockholders Equity (A: Mar. 2023 ))/ count )
=2481.965/( (28186.775+29556.925)/ 2 )
=2481.965/28871.85
=8.60 %

Access Engineering'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 )
=2488.76/( (34843.936+35460.525)/ 2 )
=2488.76/35152.2305
=7.08 %

* 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.


Access Engineering  (COL:AEL.N0000) 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
=2488.76/35152.2305
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2488.76 / 24128.388)*(24128.388 / 96245.3045)*(96245.3045 / 35152.2305)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.31 %*0.2507*2.738
=ROA %*Equity Multiplier
=2.58 %*2.738
=7.08 %

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
=2488.76/35152.2305
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (2488.76 / 4244.236) * (4244.236 / 5942.372) * (5942.372 / 24128.388) * (24128.388 / 96245.3045) * (96245.3045 / 35152.2305)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.5864 * 0.7142 * 24.63 % * 0.2507 * 2.738
=7.08 %

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.


Access Engineering ROE % Related Terms

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


Access Engineering (COL:AEL.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No. 278, Union Place, Access Towers, Colombo, LKA, 02
Access Engineering PLC is involved in the business of construction activities and the supply of construction-related services and materials. The company is divided into four segments namely The Construction segment includes the process of constructing buildings and other infrastructures; The Construction-Related Materials segment involves the Production and supply of construction-related materials such as asphalt products, quarry products, and others; The Property segment is engaged in the development of high rise buildings and The Automobile segment includes importing and distribution, or sale of motor vehicles, and spare parts. It generates a majority of its revenue from the Construction Segment. The activities of the Group are located mainly in Sri Lanka.

Access Engineering (COL:AEL.N0000) Headlines

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