Dmall (HKSE:02586) ROE %: 18.01% (As of Dec. 2025) — Near Median

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HKSE:02586 Dmall Inc HKSE:02586
12 GF Score
Price HK$5.48
! 5 Warning Signs
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What is Dmall ROE %?

Dmall HKSE:02586 +2.43% 12 ROE % is 18.01% as of Dec. 2025, which is 3% below its 10-year median of 18.50. GuruFocus rates HKSE:02586 with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 2,686 Software companies, Dmall ranks better than 81.38% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Dmall's annualized net income for the quarter that ended in Dec. 2025 was HK$146 Mil. Dmall's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was HK$812 Mil. Therefore, Dmall's annualized ROE % for the quarter that ended in Dec. 2025 was 18.01%.

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

HKSE:02586' s ROE % Range Over the Past 10 Years
Min: 18.5   Med: 18.5   Max: 19.78
Current: 19.78

During the past 5 years, Dmall's highest ROE % was 19.78%. The lowest was 18.50%. And the median was 18.50%.

HKSE:02586's ROE % is ranked better than
81.38% of 2686 companies
in the Software industry
Industry Median: 4.79 vs HKSE:02586: 19.78

Dmall  (HKSE:02586) 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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=146.262/812.108
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(146.262 / 2537.18)*(2537.18 / 1722.621)*(1722.621 / 812.108)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.76 %*1.4729*2.1212
=ROA %*Equity Multiplier
=8.48 %*2.1212
=18.01 %

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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=146.262/812.108
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (146.262 / 59.466) * (59.466 / 164.706) * (164.706 / 2537.18) * (2537.18 / 1722.621) * (1722.621 / 812.108)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 2.4596 * 0.361 * 6.49 % * 1.4729 * 2.1212
=18.01 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.


Dmall ROE % Related Terms


Dmall ROE % Historical Data

* Premium members only.

The historical data trend for Dmall'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.

Dmall ROE % Chart

Dmall Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
0.00 0.00 0.00 0.00 18.50

Dmall Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Get a 7-Day Free Trial 0.00 0.00 0.00 23.91 18.01

HKSE:02586 vs MSFT, ORCL, PLTR: ROE % Comparison

For the Software - Infrastructure subindustry, Dmall'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.


Dmall ROE % vs Software Industry

For the Software industry and Technology sector, Dmall's ROE % distribution charts can be found below:

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


HKSE:02586
12GF Score
Dmall Inc HKSE:02586
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Dmall ROE % Calculation

Dmall's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=147.728/( (603.955+993.466)/ 2 )
=147.728/798.7105
=18.50 %

Dmall's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=146.262/( (630.75+993.466)/ 2 )
=146.262/812.108
=18.01 %

* 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 (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 18.01% mean?
Dmall (HKSE:02586) has a ROE % of 18.01% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Dmall and its competitors. This is near median its historical median of 18.50. Over the past decade, Dmall's ROE % has ranged from 18.50 to 19.78. According to the industry distribution chart, Dmall ranks #500 out of 2686 companies in the Software industry, placing it in the top 18.6%.
Is Dmall's ROE % too high?
Dmall's current ROE % of 18.01% is near median its 10-year median of 18.50. Over the past 10 years, this metric has ranged from a low of 18.50 to a high of 19.78. The Software industry median ROE % is 4.79. Dmall's value of 18.01% is 276% above this industry median. Based on the distribution chart, Dmall ranks #500 out of 2686 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Dmall has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Dmall's ROE % compare to MSFT and ORCL?
According to the Software industry distribution chart, Dmall ranks #500 out of 2686 companies for ROE %. This places Dmall in the top 19% of its industry — outperforming the majority of peers. The industry median ROE % is 4.79. Dmall's value of 18.01% is 276% above this benchmark. Historically, Dmall's own ROE % has ranged from 18.50 to 19.78 over the past decade. While the company's 10-year median is 18.50 vs. the industry median of 4.79, Dmall has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Software company?
The median ROE % among Software companies is 4.79, based on 2,686 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dmall's current ROE % of 18.01% is 276% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Dmall and its competitors. For the Software industry, the median ROE % is 4.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dmall's current ROE % is 18.01%, which is near median its own 10-year median of 18.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dmall stock overvalued right now?
Dmall (HKSE:02586) has a current ROE % of 18.01%. The current ROE % is 18.01%, which is near median its 10-year median of 18.50 and 276% above the Software industry median of 4.79. Dmall's overall GF Score™ is 12/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Dmall (HKSE:02586), the current ROE % is 18.01% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Dmall Business Description

Address No. 28, Zhongguancun Street, Floor 8, Block B, Haidian Culture and Art Building, Haidian District, Beijing, CHN
Dmall Inc is a retail digitalization solution provider in China and Asia, which offers a range of principal products and services designed to digitalize and optimize operations of the local retailers. The principal activities of the Company consist of providing an AI retail core solution and AI retail value-added services to customers, both of which fall under the Retail Core Service Cloud Solutions. The company distinguishes itself from its competitors by achieving full-spectrum coverage, incorporating industry practices, and facilitating intelligent data-driven business decision-making. The Group positions AI at the core of its strategic priorities and has reorganized its revenue structure into two core segments: AI retail core solution and AI retail value-added service.
12GF Score

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ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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