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Ocean One Holding (HKSE:08476) ROE % : 14.94% (As of Sep. 2024)


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What is Ocean One Holding ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ocean One Holding's annualized net income for the quarter that ended in Sep. 2024 was HK$39.70 Mil. Ocean One Holding's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was HK$265.79 Mil. Therefore, Ocean One Holding's annualized ROE % for the quarter that ended in Sep. 2024 was 14.94%.

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

HKSE:08476' s ROE % Range Over the Past 10 Years
Min: 3.85   Med: 21.01   Max: 150.84
Current: 3.85

During the past 9 years, Ocean One Holding's highest ROE % was 150.84%. The lowest was 3.85%. And the median was 21.01%.

HKSE:08476's ROE % is ranked worse than
62.47% of 1836 companies
in the Consumer Packaged Goods industry
Industry Median: 6.795 vs HKSE:08476: 3.85

Ocean One Holding ROE % Historical Data

The historical data trend for Ocean One Holding'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.

Ocean One Holding ROE % Chart

Ocean One Holding Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROE %
Get a 7-Day Free Trial Premium Member Only 13.98 18.24 21.29 23.73 16.53

Ocean One Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.22 19.19 17.06 - 14.94

Competitive Comparison of Ocean One Holding's ROE %

For the Packaged Foods subindustry, Ocean One Holding'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.


Ocean One Holding's ROE % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ocean One Holding's ROE % distribution charts can be found below:

* The bar in red indicates where Ocean One Holding's ROE % falls into.



Ocean One Holding ROE % Calculation

Ocean One Holding'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 )
=40.766/( (231.829+261.395)/ 2 )
=40.766/246.612
=16.53 %

Ocean One Holding'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 )
=39.696/( (261.395+270.183)/ 2 )
=39.696/265.789
=14.94 %

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


Ocean One Holding  (HKSE:08476) 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
=39.696/265.789
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(39.696 / 385.324)*(385.324 / 280.517)*(280.517 / 265.789)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.3 %*1.3736*1.0554
=ROA %*Equity Multiplier
=14.15 %*1.0554
=14.94 %

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
=39.696/265.789
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (39.696 / 47.088) * (47.088 / 50.244) * (50.244 / 385.324) * (385.324 / 280.517) * (280.517 / 265.789)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.843 * 0.9372 * 13.04 % * 1.3736 * 1.0554
=14.94 %

Note: The net income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (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.


Ocean One Holding ROE % Related Terms

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Ocean One Holding Business Description

Traded in Other Exchanges
N/A
Address
36-44 Pak Tin Par Street, Unit B, 5th Floor, Goodwill Industrial Building, Tsuen Wan, Hong Kong, HKG
Ocean One Holding Ltd is a frozen seafood importer and wholesaler in Hong Kong. The company offers frozen seafood products sourced from suppliers located overseas to Frozen Seafood Resellers and Frozen Seafood Catering Service Providers. The company offers a diverse and wide range of frozen seafood products which include prawns, scallops, oysters, surf clams, fishes, crabs, roe, octopuses, cuttlefishes, and others. Geographically, the company derives the majority of its revenue from Hong Kong.
Executives
Karlson Holding Limited 2101 Beneficial owner
Chan Kin Fung 2201 Interest of corporation controlled by you
Tse Chun Ha Amy 2202 Interest of your spouse

Ocean One Holding Headlines

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