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Sprocomm Intelligence (HKSE:01401) ROE % : 5.48% (As of Jun. 2024)


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What is Sprocomm Intelligence ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Sprocomm Intelligence's annualized net income for the quarter that ended in Jun. 2024 was HK$21 Mil. Sprocomm Intelligence's average Total Stockholders Equity over the quarter that ended in Jun. 2024 was HK$387 Mil. Therefore, Sprocomm Intelligence's annualized ROE % for the quarter that ended in Jun. 2024 was 5.48%.

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

HKSE:01401' s ROE % Range Over the Past 10 Years
Min: -5.56   Med: 13.41   Max: 64.03
Current: 9.42

During the past 8 years, Sprocomm Intelligence's highest ROE % was 64.03%. The lowest was -5.56%. And the median was 13.41%.

HKSE:01401's ROE % is ranked better than
68.53% of 2377 companies
in the Hardware industry
Industry Median: 4.52 vs HKSE:01401: 9.42

Sprocomm Intelligence ROE % Historical Data

The historical data trend for Sprocomm Intelligence'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.

Sprocomm Intelligence ROE % Chart

Sprocomm Intelligence Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial 16.79 10.03 -5.56 1.95 9.53

Sprocomm Intelligence Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 4.82 -0.83 5.80 13.43 5.48

Competitive Comparison of Sprocomm Intelligence's ROE %

For the Consumer Electronics subindustry, Sprocomm Intelligence'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.


Sprocomm Intelligence's ROE % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sprocomm Intelligence's ROE % distribution charts can be found below:

* The bar in red indicates where Sprocomm Intelligence's ROE % falls into.



Sprocomm Intelligence ROE % Calculation

Sprocomm Intelligence'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 )
=35.405/( (357.597+385.103)/ 2 )
=35.405/371.35
=9.53 %

Sprocomm Intelligence's annualized ROE % for the quarter that ended in Jun. 2024 is calculated as

ROE %=Net Income (Q: Jun. 2024 )/( (Total Stockholders Equity (Q: Dec. 2023 )+Total Stockholders Equity (Q: Jun. 2024 ))/ count )
=21.22/( (385.103+389.734)/ 2 )
=21.22/387.4185
=5.48 %

* 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 two times the semi-annual (Jun. 2024) net income data. ROE % is displayed in the 30-year financial page.


Sprocomm Intelligence  (HKSE:01401) 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: Jun. 2024 )
=Net Income/Total Stockholders Equity
=21.22/387.4185
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.22 / 2706.24)*(2706.24 / 3673.344)*(3673.344 / 387.4185)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.78 %*0.7367*9.4816
=ROA %*Equity Multiplier
=0.57 %*9.4816
=5.48 %

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: Jun. 2024 )
=Net Income/Total Stockholders Equity
=21.22/387.4185
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (21.22 / 28.378) * (28.378 / 18.64) * (18.64 / 2706.24) * (2706.24 / 3673.344) * (3673.344 / 387.4185)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7478 * 1.5224 * 0.69 % * 0.7367 * 9.4816
=5.48 %

Note: The net income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.


Sprocomm Intelligence ROE % Related Terms

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Sprocomm Intelligence Business Description

Traded in Other Exchanges
N/A
Address
5D-506 F1.6 Block, Tianfa Building, Tianan Chegongmiao Industrial Park, Futian District, Shenzhen, CHN, 518000
Sprocomm Intelligence Ltd operates in the electronics industry. The company is engaged in research and development, designing, manufacturing, and sale of mobile phones. Its product offerings include mobile phones, PCBAs for mobile phone, IoT related products, and other products related to mobile phones. Geographically, the company operates in India, Pakistan, Bangladesh, China, Algeria, and others.
Executives
Leap Elite Limited 2101 Beneficial owner
Li Chengjun 2307 Founder of a discretionary trust who can infl
Sui Rongmei 2202 Interest of your spouse
Beyond Innovation Limited 2101 Beneficial owner
Xiong Bin 2307 Founder of a discretionary trust who can infl
Yan Xue 2202 Interest of your spouse
Jz Capital Limited 2101 Beneficial owner
Ko Hin Ting James 2201 Interest of corporation controlled by you
Jz Capital Limited 2101 Beneficial owner
Chu Wing Yee 2202 Interest of your spouse

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