ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Angang Steel Co's annualized net income for the quarter that ended in Sep. 2024 was HK$-10,548 Mil. Angang Steel Co's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was HK$55,336 Mil. Therefore, Angang Steel Co's annualized ROE % for the quarter that ended in Sep. 2024 was -19.06%.
The historical rank and industry rank for Angang Steel Co's ROE % or its related term are showing as below:
HKSE:00347'
s ROE % Range Over the Past 10 Years
Min: -11.73 Med: 3.56 Max: 15.26
Current: -11.73
During the past 13 years, Angang Steel Co's highest ROE % was 15.26%. The lowest was -11.73%. And the median was 3.56%.
HKSE:00347's ROE % is ranked worse than 88.96% of 625
companies
in the Steel industry
Industry Median: 4.68
vs HKSE:00347: -11.73
Angang Steel Co ROE % Historical Data
The historical data trend for Angang Steel Co'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.
For the Steel subindustry, Angang Steel Co'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.
Angang Steel Co's ROE % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Angang Steel Co's ROE % distribution charts can be found below:
* The bar in red indicates where Angang Steel Co's ROE % falls into.
Angang Steel Co ROE % Calculation
Angang Steel Co's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Angang Steel Co (HKSE:00347) 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:
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.
Angang Steel Co ROE % Related Terms
Thank you for viewing the detailed overview of Angang Steel Co's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00347 has been successfully added to your 