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HNW (Pioneer Diversified Highome Trust) ROE % : 25.23% (As of Apr. 2024)


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What is Pioneer Diversified Highome Trust ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Pioneer Diversified Highome Trust's annualized net income for the quarter that ended in Apr. 2024 was $25.29 Mil. Pioneer Diversified Highome Trust's average Total Stockholders Equity over the quarter that ended in Apr. 2024 was $100.21 Mil. Therefore, Pioneer Diversified Highome Trust's annualized ROE % for the quarter that ended in Apr. 2024 was 25.23%.

The historical rank and industry rank for Pioneer Diversified Highome Trust's ROE % or its related term are showing as below:

HNW' s ROE % Range Over the Past 10 Years
Min: -16.73   Med: 1.24   Max: 31.24
Current: 15.61

During the past 13 years, Pioneer Diversified Highome Trust's highest ROE % was 31.24%. The lowest was -16.73%. And the median was 1.24%.

HNW's ROE % is ranked better than
79.05% of 1671 companies
in the Asset Management industry
Industry Median: 6.43 vs HNW: 15.61

Pioneer Diversified Highome Trust ROE % Historical Data

The historical data trend for Pioneer Diversified Highome Trust'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.

Pioneer Diversified Highome Trust ROE % Chart

Pioneer Diversified Highome Trust Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.73 31.24 -5.29 -5.13 15.35

Pioneer Diversified Highome Trust Semi-Annual Data
Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
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 -18.04 -24.00 14.70 5.92 25.23

Competitive Comparison of Pioneer Diversified Highome Trust's ROE %

For the Asset Management subindustry, Pioneer Diversified Highome Trust'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.


Pioneer Diversified Highome Trust's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pioneer Diversified Highome Trust's ROE % distribution charts can be found below:

* The bar in red indicates where Pioneer Diversified Highome Trust's ROE % falls into.



Pioneer Diversified Highome Trust ROE % Calculation

Pioneer Diversified Highome Trust's annualized ROE % for the fiscal year that ended in Apr. 2024 is calculated as

ROE %=Net Income (A: Apr. 2024 )/( (Total Stockholders Equity (A: Apr. 2023 )+Total Stockholders Equity (A: Apr. 2024 ))/ count )
=15.511/( (97.77+104.28)/ 2 )
=15.511/101.025
=15.35 %

Pioneer Diversified Highome Trust's annualized ROE % for the quarter that ended in Apr. 2024 is calculated as

ROE %=Net Income (Q: Apr. 2024 )/( (Total Stockholders Equity (Q: Oct. 2023 )+Total Stockholders Equity (Q: Apr. 2024 ))/ count )
=25.286/( (96.138+104.28)/ 2 )
=25.286/100.209
=25.23 %

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


Pioneer Diversified Highome Trust  (AMEX:HNW) 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: Apr. 2024 )
=Net Income/Total Stockholders Equity
=25.286/100.209
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(25.286 / 26.066)*(26.066 / 144.453)*(144.453 / 100.209)
=Net Margin %*Asset Turnover*Equity Multiplier
=97.01 %*0.1804*1.4415
=ROA %*Equity Multiplier
=17.5 %*1.4415
=25.23 %

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: Apr. 2024 )
=Net Income/Total Stockholders Equity
=25.286/100.209
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (25.286 / 25.286) * (25.286 / 26.066) * (26.066 / 144.453) * (144.453 / 100.209)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 97.01 % * 0.1804 * 1.4415
=25.23 %

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


Pioneer Diversified Highome Trust ROE % Related Terms

Thank you for viewing the detailed overview of Pioneer Diversified Highome Trust's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Pioneer Diversified Highome Trust Business Description

Traded in Other Exchanges
N/A
Address
60 State Street, Boston, MA, USA, 02109
Pioneer Diversified High Income Trust is a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income as well as capital appreciation. The company invests in various sectors such as Health Care Technology, Household Durables, Oil, Gas and Consumable Fuels, Specialty Retail, Banks, Chemicals, Financial Services, and others. It also invests in convertible bonds, common stock, asset-backed securities, and the U.S Treasury.
Executives
Yana Karalnik officer: CHIEF COMPLIANCE OFFICER 60 STATE STREET, BOSTON MA 02109
Lawrence R Zeno other: Affiliated Person 60 STATE STREET, BOSTON MA 02109
Michael Melnick officer: Assistant Treasurer 60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr officer: Treasurer 60 STATE STREET, BOSTON MA 02109
Craig C Mackay officer: Trustee 75 WEST 125TH STREET, NEW YORK NY 10027
George W Karpus other: See Explanation of Responses
Andrew Feltus other: Affiliated Person 60 STATE ST, BOSTON MA 02109
Karpus Management, Inc. 10 percent owner 183 SULLY'S TRAIL, PITTSFORD NY 14534
Diane Durnin other: Trustee 60 STATE STREET, BOSTON MA 02109
Baumgardner John E Jr. other: Trustee 60 STATE STREET, BOSTON MA 02109
John Michael Malone officer: Chief Compliance Officer 60 STATE STREET, BOSTON MA 02019
Mark Edward Bradley officer: Assistant Treasurer 60 STATE STREET, BOSTON MA 02109
Chin Liu other: Affiliated Person PIONEER INVESTMENTS, 60 STATE STREET, BOSTON MA 02109
Lorraine H Monchak other: Trustee 60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Fred J Ricciardi other: Trustee 60 STATE STREET, BOSTON MA 02109

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