API Technologies (FRA:AEQN) ROE % : -29.65% (As of Feb. 2016)

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What is API Technologies ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. API Technologies's annualized net income for the quarter that ended in Feb. 2016 was €-23.2 Mil. API Technologies's average Total Stockholders Equity over the quarter that ended in Feb. 2016 was €78.2 Mil. Therefore, API Technologies's annualized ROE % for the quarter that ended in Feb. 2016 was -29.65%.

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

FRA:AEQN's ROE % is not ranked ^*
in the Semiconductors industry.
Industry Median: 4.38
* Ranked among companies with meaningful ROE % only.

API Technologies ROE % Historical Data

The historical data trend for API Technologies'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.

API Technologies ROE % Chart

API Technologies Annual Data

Trend

Jan06

May07

May08

May09

May10

May11

Nov12

Nov13

Nov14

Nov15

ROE %

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-19.91

-83.64

-5.22

-16.31

-24.22

API Technologies Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
ROE %	Get a 7-Day Free Trial															-8.34	-16.30	-24.98	-41.62	-29.65

Competitive Comparison of API Technologies's ROE %

For the Semiconductors subindustry, API Technologies'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.

API Technologies's ROE % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, API Technologies's ROE % distribution charts can be found below:

* The bar in red indicates where API Technologies's ROE % falls into.

API Technologies ROE % Calculation

API Technologies's annualized ROE % for the fiscal year that ended in Nov. 2015 is calculated as

ROE %	=	Net Income (A: Nov. 2015 )	/	( (Total Stockholders Equity (A: Nov. 2014 )	+	Total Stockholders Equity (A: Nov. 2015 ))	/ count )
	=	-20.78	/	( (88.833	+	82.783)	/ 2 )
	=	-20.78	/	85.808
	=	-24.22 %

API Technologies's annualized ROE % for the quarter that ended in Feb. 2016 is calculated as

ROE %	=	Net Income (Q: Feb. 2016 )	/	( (Total Stockholders Equity (Q: Nov. 2015 )	+	Total Stockholders Equity (Q: Feb. 2016 ))	/ count )
	=	-23.184	/	( (82.783	+	73.625)	/ 2 )
	=	-23.184	/	78.204
	=	-29.65 %

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 (Feb. 2016) net income data. ROE % is displayed in the 30-year financial page.

API Technologies (FRA:AEQN) 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: Feb. 2016 )
=	Net Income	/	Total Stockholders Equity
=	-23.184	/	78.204
=	(Net Income / Revenue )	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-23.184 / 196.372)	*	(196.372 / 311.7815)	*	(311.7815 / 78.204)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-11.81 %	*	0.6298	*	3.9868
=	ROA %	*	Equity Multiplier
=	-7.44 %	*	3.9868
=	-29.65 %

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: Feb. 2016 )
=	Net Income	/	Total Stockholders Equity
=	-23.184	/	78.204
=	(Net Income / Pre-Tax Income)	*	(Pre-Tax Income / Operating Income)	*	(Operating Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-23.184 / -20.7)	*	(-20.7 / 1.4)	*	(1.4 / 196.372)	*	(196.372 / 311.7815)	*	(311.7815 / 78.204)
=	Tax Burden	*	Interest Burden	*	Operating Margin %	*	Asset Turnover	*	Equity Multiplier
=	1.12	*	-14.7857	*	0.71 %	*	0.6298	*	3.9868
=	-29.65 %

Note: The net income data used here is four times the quarterly (Feb. 2016) net income data. The Revenue data used here is four times the quarterly (Feb. 2016) 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.

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.

API Technologies ROE % Related Terms

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API Technologies (FRA:AEQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » API Technologies Corp (FRA:AEQN) » Definitions » ROE %

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Address

Website

http://www.apitech.com

API Technologies Corp was incorporated on February 2, 1999 under the laws of the State of Delaware under the name Rubicon Ventures Inc. On November 6, 2006, API changed its name to "API Nanotronics Corp," and subsequently changed its name to API Technologies Corp. on October 22, 2009. The Company through its three business segments-Systems, Subsystems & Components, Electronic Manufacturing Services and Secure Systems & Information Assurance. It designs, develops and manufactures systems, subsystems, RF and secure solutions, as well as provides electronics manufacturing and high-quality engineering services for technically demanding, high-reliability applications. Solutions areas include systems, subsystems and components which includes RF/microwave and microelectronics products, electromagnetics, power and systems solutions products, and sensors, Secure Systems and Information Assurance includes TEMPEST and emanation security, rugged communications products, encryption, and secure networking products and Electronics Manufacturing Services, which involves the production of circuit card assemblies, electromechanical assemblies, and box builds used in defense, industrial and commercial applications. The Company also operates several manufacturing facilities throughout North America, the United Kingdom, Mexico and China. Its customer base spans defense, aerospace, industrial, communications, medical, and government agencies, including the governments of the United States, Canada, the United Kingdom, & other countries. The Company is subject to federal contracting laws and regulations, including the U.S. Federal Acquisition Regulation (FAR) and the False Claims Act.

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