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CVGI (Commercial Vehicle Group) ROE % : 21.82% (As of Sep. 2024)


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What is Commercial Vehicle Group ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Commercial Vehicle Group's annualized net income for the quarter that ended in Sep. 2024 was $38.1 Mil. Commercial Vehicle Group's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was $174.4 Mil. Therefore, Commercial Vehicle Group's annualized ROE % for the quarter that ended in Sep. 2024 was 21.82%.

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

CVGI' s ROE % Range Over the Past 10 Years
Min: -33.07   Med: 12.09   Max: 45.01
Current: 20.22

During the past 13 years, Commercial Vehicle Group's highest ROE % was 45.01%. The lowest was -33.07%. And the median was 12.09%.

CVGI's ROE % is ranked better than
89.6% of 1279 companies
in the Vehicles & Parts industry
Industry Median: 6.61 vs CVGI: 20.22

Commercial Vehicle Group ROE % Historical Data

The historical data trend for Commercial Vehicle 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.

Commercial Vehicle Group ROE % Chart

Commercial Vehicle Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.24 -33.07 21.38 -17.81 33.73

Commercial Vehicle Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 20.09 58.30 6.75 -3.71 21.82

Competitive Comparison of Commercial Vehicle Group's ROE %

For the Auto Parts subindustry, Commercial Vehicle 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.


Commercial Vehicle Group's ROE % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Commercial Vehicle Group's ROE % distribution charts can be found below:

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



Commercial Vehicle Group ROE % Calculation

Commercial Vehicle Group'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 )
=49.411/( (120.04+172.932)/ 2 )
=49.411/146.486
=33.73 %

Commercial Vehicle Group's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Jun. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=38.056/( (169.607+179.265)/ 2 )
=38.056/174.436
=21.82 %

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


Commercial Vehicle Group  (NAS:CVGI) 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: Sep. 2024 )
=Net Income/Total Stockholders Equity
=38.056/174.436
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(38.056 / 687.088)*(687.088 / 499.2685)*(499.2685 / 174.436)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.54 %*1.3762*2.8622
=ROA %*Equity Multiplier
=7.62 %*2.8622
=21.82 %

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: Sep. 2024 )
=Net Income/Total Stockholders Equity
=38.056/174.436
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (38.056 / -9.592) * (-9.592 / -4.24) * (-4.24 / 687.088) * (687.088 / 499.2685) * (499.2685 / 174.436)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= -3.9675 * 2.2623 * -0.62 % * 1.3762 * 2.8622
=21.82 %

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


Commercial Vehicle Group ROE % Related Terms

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


Commercial Vehicle Group Business Description

Traded in Other Exchanges
Address
7800 Walton Parkway, New Albany, OH, USA, 43054
Commercial Vehicle Group Inc is a supplier of cab-related products and systems. Its operating segments are Vehicle Solutions, Industrial Automation, Electrical Systems, and Aftermarket and Accessories. Vehicle Solutions segment designs manufacture and sell Commercial vehicle seats and Plastic components. Warehouse Automation segment designs, manufactures, and sells Warehouse automation subsystems including control panels, electro-mechanical assemblies, cable assemblies, and power and communication solutions. Electrical Systems segment designs, manufactures and sells cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies, and design and engineering for these applications. The company makes majority of its revenue from Vehicle Solutions.
Executives
J Michael Nauman director C/O MOLEX INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60532
Wayne M Rancourt director 1111 WEST JEFFERSON STREET, SUITE 300, P O BOX 50, BOISE ID 83728
Robert C Griffin director BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Melanie K. Cook director 4545 W. BROWN DEER ROAD, P.O. BOX 245036, MILWAUKEE WI 53224
Roger L Fix director
Chung Kin Cheung officer: EVP & CFO COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Aneezal H Mohamed officer: General Counsel, Cmp Ofc & Sec COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Richard Iii Tajer officer: SVP & Chief Commercial Officer COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Kristin S Mathers officer: Chief HR Officer COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Christopher H Bohnert officer: CFO & Chief Accounting Officer 2780 WATERFRONT PARKWAY EAST DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Harold C Bevis director 8537 SIX FORKS RD., SUITE 300, RALEIGH NC 27615
Ruth Gratzke director COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Angela M O'leary other: VP, Controller & Ch Acct Offcr COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Edmund S Carney officer: Interim CFO COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Ray James R Jr director COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054