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Forward Fashion (International) Holdings Co (HKSE:02528) ROE % : -50.03% (As of Jun. 2024)


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What is Forward Fashion (International) Holdings Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Forward Fashion (International) Holdings Co's annualized net income for the quarter that ended in Jun. 2024 was HK$-101.5 Mil. Forward Fashion (International) Holdings Co's average Total Stockholders Equity over the quarter that ended in Jun. 2024 was HK$203.0 Mil. Therefore, Forward Fashion (International) Holdings Co's annualized ROE % for the quarter that ended in Jun. 2024 was -50.03%.

The historical rank and industry rank for Forward Fashion (International) Holdings Co's ROE % or its related term are showing as below:

HKSE:02528' s ROE % Range Over the Past 10 Years
Min: -51.77   Med: 10.58   Max: 64.44
Current: -28.61

During the past 8 years, Forward Fashion (International) Holdings Co's highest ROE % was 64.44%. The lowest was -51.77%. And the median was 10.58%.

HKSE:02528's ROE % is ranked worse than
89.24% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 5.565 vs HKSE:02528: -28.61

Forward Fashion (International) Holdings Co ROE % Historical Data

The historical data trend for Forward Fashion (International) Holdings 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.

* Premium members only.

Forward Fashion (International) Holdings Co ROE % Chart

Forward Fashion (International) Holdings Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial 16.76 -51.77 11.23 -11.97 -7.05

Forward Fashion (International) Holdings Co 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 -16.00 -7.64 -5.15 -9.08 -50.03

Competitive Comparison of Forward Fashion (International) Holdings Co's ROE %

For the Apparel Retail subindustry, Forward Fashion (International) Holdings 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.


Forward Fashion (International) Holdings Co's ROE % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Forward Fashion (International) Holdings Co's ROE % distribution charts can be found below:

* The bar in red indicates where Forward Fashion (International) Holdings Co's ROE % falls into.



Forward Fashion (International) Holdings Co ROE % Calculation

Forward Fashion (International) Holdings Co'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 )
=-16.852/( (248.978+228.813)/ 2 )
=-16.852/238.8955
=-7.05 %

Forward Fashion (International) Holdings Co'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 )
=-101.542/( (228.813+177.149)/ 2 )
=-101.542/202.981
=-50.03 %

* 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.


Forward Fashion (International) Holdings Co  (HKSE:02528) 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
=-101.542/202.981
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-101.542 / 936.722)*(936.722 / 867.3045)*(867.3045 / 202.981)
=Net Margin %*Asset Turnover*Equity Multiplier
=-10.84 %*1.08*4.2728
=ROA %*Equity Multiplier
=-11.71 %*4.2728
=-50.03 %

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
=-101.542/202.981
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-101.542 / -107.564) * (-107.564 / -95.502) * (-95.502 / 936.722) * (936.722 / 867.3045) * (867.3045 / 202.981)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.944 * 1.1263 * -10.2 % * 1.08 * 4.2728
=-50.03 %

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.


Forward Fashion (International) Holdings Co ROE % Related Terms

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Forward Fashion (International) Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
The Gateway, Harbour City, Suite 1204, 12th Floor, Tower 6, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Forward Fashion (International) Holdings Co Ltd is engaged in the retail of fashion apparel of international brands ranging from designer label brands, and popular brands to up-and-coming brands in Greater China. Its brands include UM, UM IXOX, and IXOX. It has opened mono-brand stores in Greater China for the brands BLACK BARRETT, CK CALVIN KLEIN, Calvin Klein Jeans, Calvin Klein Performance, Calvin Klein Underwear, EA7, Ed Hardy, Hogan, Moschino, Neil Barrett, Philipp Plein, Tommy Hilfiger and Under Armour. It has a business presence in Mainland China, Macau, Hong Kong, and Taiwan.
Executives
Gold Star Fashion Limited 2101 Beneficial owner
Cheng King Ling 2202 Interest of your spouse
Fan Wing Ting 2201 Interest of corporation controlled by you

Forward Fashion (International) Holdings Co Headlines

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