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Far East Knitting & Dyeing Industries (DHA:FEKDIL) ROE % : -5.05% (As of Dec. 2023)


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What is Far East Knitting & Dyeing Industries ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Far East Knitting & Dyeing Industries's annualized net income for the quarter that ended in Dec. 2023 was BDT-208 Mil. Far East Knitting & Dyeing Industries's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was BDT4,121 Mil. Therefore, Far East Knitting & Dyeing Industries's annualized ROE % for the quarter that ended in Dec. 2023 was -5.05%.

The historical rank and industry rank for Far East Knitting & Dyeing Industries's ROE % or its related term are showing as below:

DHA:FEKDIL' s ROE % Range Over the Past 10 Years
Min: 1.68   Med: 7.61   Max: 12.87
Current: 3.79

During the past 10 years, Far East Knitting & Dyeing Industries's highest ROE % was 12.87%. The lowest was 1.68%. And the median was 7.61%.

DHA:FEKDIL's ROE % is ranked worse than
51.56% of 1028 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.18 vs DHA:FEKDIL: 3.79

Far East Knitting & Dyeing Industries ROE % Historical Data

The historical data trend for Far East Knitting & Dyeing Industries'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.

Far East Knitting & Dyeing Industries ROE % Chart

Far East Knitting & Dyeing Industries 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 4.87 1.68 3.89 5.46 8.14

Far East Knitting & Dyeing Industries 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 10.85 10.82 12.56 -3.50 -5.05

Competitive Comparison of Far East Knitting & Dyeing Industries's ROE %

For the Apparel Manufacturing subindustry, Far East Knitting & Dyeing Industries'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.


Far East Knitting & Dyeing Industries's ROE % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Far East Knitting & Dyeing Industries's ROE % distribution charts can be found below:

* The bar in red indicates where Far East Knitting & Dyeing Industries's ROE % falls into.



Far East Knitting & Dyeing Industries ROE % Calculation

Far East Knitting & Dyeing Industries'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 )
=345.406/( (4187.622+4293.87)/ 2 )
=345.406/4240.746
=8.14 %

Far East Knitting & Dyeing Industries'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 )
=-208.204/( (4235.665+4006.061)/ 2 )
=-208.204/4120.863
=-5.05 %

* 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.


Far East Knitting & Dyeing Industries  (DHA:FEKDIL) 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
=-208.204/4120.863
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-208.204 / 5101.168)*(5101.168 / 5621.1825)*(5621.1825 / 4120.863)
=Net Margin %*Asset Turnover*Equity Multiplier
=-4.08 %*0.9075*1.3641
=ROA %*Equity Multiplier
=-3.7 %*1.3641
=-5.05 %

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
=-208.204/4120.863
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-208.204 / -113.244) * (-113.244 / -336.688) * (-336.688 / 5101.168) * (5101.168 / 5621.1825) * (5621.1825 / 4120.863)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.8385 * 0.3363 * -6.6 % * 0.9075 * 1.3641
=-5.05 %

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.


Far East Knitting & Dyeing Industries ROE % Related Terms

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Far East Knitting & Dyeing Industries (DHA:FEKDIL) Business Description

Traded in Other Exchanges
N/A
Address
Moyeen Centre, House No. 9/B, Road No.3, Gulshan-1, Dhaka, BGD, 1212
Far East Knitting & Dyeing Industries Ltd operates a readymade composite knit garments industrial unit of international standard to carry on the business of knitting, dyeing, designing, manufacturing & marketing of readymade garments to deal in foreign markets. The company operates in three segments Garmenting, Fabrics, and Dyeing.

Far East Knitting & Dyeing Industries (DHA:FEKDIL) Headlines

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