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Fourace Industries Group Holdings (HKSE:01455) ROE % : 10.78% (As of Sep. 2024)


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What is Fourace Industries Group Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Fourace Industries Group Holdings's annualized net income for the quarter that ended in Sep. 2024 was HK$45.9 Mil. Fourace Industries Group Holdings's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was HK$425.7 Mil. Therefore, Fourace Industries Group Holdings's annualized ROE % for the quarter that ended in Sep. 2024 was 10.78%.

The historical rank and industry rank for Fourace Industries Group Holdings's ROE % or its related term are showing as below:

HKSE:01455' s ROE % Range Over the Past 10 Years
Min: 9.45   Med: 16.74   Max: 22.6
Current: 10.48

During the past 7 years, Fourace Industries Group Holdings's highest ROE % was 22.60%. The lowest was 9.45%. And the median was 16.74%.

HKSE:01455's ROE % is ranked better than
64.15% of 1841 companies
in the Consumer Packaged Goods industry
Industry Median: 6.8 vs HKSE:01455: 10.48

Fourace Industries Group Holdings ROE % Historical Data

The historical data trend for Fourace Industries Group Holdings'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.

Fourace Industries Group Holdings ROE % Chart

Fourace Industries Group Holdings Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROE %
Get a 7-Day Free Trial 22.60 21.54 16.77 16.67 9.45

Fourace Industries Group Holdings Semi-Annual Data
Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.93 12.03 9.17 10.16 10.78

Competitive Comparison of Fourace Industries Group Holdings's ROE %

For the Household & Personal Products subindustry, Fourace Industries Group Holdings'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.


Fourace Industries Group Holdings's ROE % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fourace Industries Group Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Fourace Industries Group Holdings's ROE % falls into.



Fourace Industries Group Holdings ROE % Calculation

Fourace Industries Group Holdings's annualized ROE % for the fiscal year that ended in Mar. 2024 is calculated as

ROE %=Net Income (A: Mar. 2024 )/( (Total Stockholders Equity (A: Mar. 2023 )+Total Stockholders Equity (A: Mar. 2024 ))/ count )
=38.716/( (405.364+414.111)/ 2 )
=38.716/409.7375
=9.45 %

Fourace Industries Group Holdings's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Mar. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=45.892/( (414.111+437.241)/ 2 )
=45.892/425.676
=10.78 %

* 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 (Sep. 2024) net income data. ROE % is displayed in the 30-year financial page.


Fourace Industries Group Holdings  (HKSE:01455) 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: Sep. 2024 )
=Net Income/Total Stockholders Equity
=45.892/425.676
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(45.892 / 309.72)*(309.72 / 490.954)*(490.954 / 425.676)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.82 %*0.6309*1.1534
=ROA %*Equity Multiplier
=9.35 %*1.1534
=10.78 %

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: Sep. 2024 )
=Net Income/Total Stockholders Equity
=45.892/425.676
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (45.892 / 59.25) * (59.25 / 46.178) * (46.178 / 309.72) * (309.72 / 490.954) * (490.954 / 425.676)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7745 * 1.2831 * 14.91 % * 0.6309 * 1.1534
=10.78 %

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


Fourace Industries Group Holdings ROE % Related Terms

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Fourace Industries Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
Unit No. 1107, 8 Kwai Cheong Road, 11th Floor, Manhattan Centre, Kwai Chung, New Territories, Hong Kong, HKG
Fourace Industries Group Holdings Ltd is engaged in the design, development, manufacturing, and trading of personal care and lifestyle electrical appliances on an ODM basis. The company's product portfolio offers a wide range of personal care electrical appliances, which can be broadly classified into three categories, namely, hair styling series, grooming series, and beauty care series. Geographically, the customers of the company are mainly international brand owners with products marketed mainly in the U.S., Japan, Europe, and Others. It earns the majority of its revenue from Japan.
Executives
Ace Champion Inc. 2101 Beneficial owner
Chan Pan Pan 2202 Interest of your spouse
Forever Golden Inc. 2101 Beneficial owner
Li Shu Yeh 2201 Interest of corporation controlled by you
Loo Kin Kuen Stephen 2202 Interest of your spouse
Sit Hor Wan 2201 Interest of corporation controlled by you

Fourace Industries Group Holdings Headlines

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