ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. AustAsia Group's annualized net income for the quarter that ended in Jun. 2023 was HK$-679 Mil. AustAsia Group's average Total Stockholders Equity over the quarter that ended in Jun. 2023 was HK$5,992 Mil. Therefore, AustAsia Group's annualized ROE % for the quarter that ended in Jun. 2023 was -11.34%.
The historical rank and industry rank for AustAsia Group's ROE % or its related term are showing as below:
HKSE:02425'
s ROE % Range Over the Past 10 Years
Min: -9.15 Med: 13.27 Max: 15.71
Current: -9.15
During the past 5 years, AustAsia Group's highest ROE % was 15.71%. The lowest was -9.15%. And the median was 13.27%.
HKSE:02425's ROE % is ranked worse than 85.04% of 1825
companies
in the Consumer Packaged Goods industry
Industry Median: 6.59
vs HKSE:02425: -9.15
AustAsia Group ROE % Historical Data
The historical data trend for AustAsia Group'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 Farm Products subindustry, AustAsia Group'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.
AustAsia Group's ROE % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, AustAsia Group's ROE % distribution charts can be found below:
* The bar in red indicates where AustAsia Group's ROE % falls into.
AustAsia Group ROE % Calculation
AustAsia Group's annualized ROE % for the fiscal year that ended in Dec. 2022 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 two times the semi-annual (Jun. 2023) net income data.
ROE % is displayed in the 30-year financial page.
AustAsia Group (HKSE:02425) 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 two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) 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.
AustAsia Group ROE % Related Terms
Thank you for viewing the detailed overview of AustAsia Group's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
AustAsia Group Ltd is a dairy farm operators in China. The company's two main business segments are raw milk business and beef cattle business. It is also engaged in an ancillary business, namely the sales of milk products under our own brand AustAsia. Its integrated farming model includes dairy cow breeding and farming, raw milk production, and sales of raw milk, and beef cattle breeding and farming, and sales of beef cattle.
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