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HAIVF (Haivision Systems) ROE % : 1.83% (As of Jul. 2024)


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What is Haivision Systems ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Haivision Systems's annualized net income for the quarter that ended in Jul. 2024 was $1.27 Mil. Haivision Systems's average Total Stockholders Equity over the quarter that ended in Jul. 2024 was $69.47 Mil. Therefore, Haivision Systems's annualized ROE % for the quarter that ended in Jul. 2024 was 1.83%.

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

HAIVF' s ROE % Range Over the Past 10 Years
Min: -14.76   Med: 11.96   Max: 21.3
Current: 5.58

During the past 7 years, Haivision Systems's highest ROE % was 21.30%. The lowest was -14.76%. And the median was 11.96%.

HAIVF's ROE % is ranked better than
52.91% of 2625 companies
in the Software industry
Industry Median: 4.4 vs HAIVF: 5.58

Haivision Systems ROE % Historical Data

The historical data trend for Haivision Systems'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.

Haivision Systems ROE % Chart

Haivision Systems Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
ROE %
Get a 7-Day Free Trial 15.63 21.28 -14.99 -6.58 -1.37

Haivision Systems Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 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 -3.90 10.92 5.55 3.96 1.83

Competitive Comparison of Haivision Systems's ROE %

For the Software - Infrastructure subindustry, Haivision Systems'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.


Haivision Systems's ROE % Distribution in the Software Industry

For the Software industry and Technology sector, Haivision Systems's ROE % distribution charts can be found below:

* The bar in red indicates where Haivision Systems's ROE % falls into.



Haivision Systems ROE % Calculation

Haivision Systems's annualized ROE % for the fiscal year that ended in Oct. 2023 is calculated as

ROE %=Net Income (A: Oct. 2023 )/( (Total Stockholders Equity (A: Oct. 2022 )+Total Stockholders Equity (A: Oct. 2023 ))/ count )
=-0.923/( (65.93+68.665)/ 2 )
=-0.923/67.2975
=-1.37 %

Haivision Systems's annualized ROE % for the quarter that ended in Jul. 2024 is calculated as

ROE %=Net Income (Q: Jul. 2024 )/( (Total Stockholders Equity (Q: Apr. 2024 )+Total Stockholders Equity (Q: Jul. 2024 ))/ count )
=1.268/( (69.57+69.366)/ 2 )
=1.268/69.468
=1.83 %

* 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.


Haivision Systems  (OTCPK:HAIVF) 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
=1.268/69.468
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.268 / 89.388)*(89.388 / 102.428)*(102.428 / 69.468)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.42 %*0.8727*1.4745
=ROA %*Equity Multiplier
=1.24 %*1.4745
=1.83 %

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
=1.268/69.468
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1.268 / 2.696) * (2.696 / 3.3) * (3.3 / 89.388) * (89.388 / 102.428) * (102.428 / 69.468)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.4703 * 0.817 * 3.69 % * 0.8727 * 1.4745
=1.83 %

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.


Haivision Systems ROE % Related Terms

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


Haivision Systems Business Description

Traded in Other Exchanges
Address
2600 Boulevard Alfred Nobel, 5th Floor, Montreal, QC, CAN, H4S 0A9
Haivision Systems Inc is a provider of infrastructure solutions for the video streaming market, servicing enterprises and governments globally. The organizations use company solutions to communicate, collaborate and educate customers and stakeholders. It delivers high quality, low latency, secure and reliable video through the entire IP video lifecycle, using a broad range of software, hardware, and services. Its geographical segments are Canada, International, and the United States, of which the majority of its revenue comes from the United States.