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RFG Holdings (JSE:RFG) ROE % : 16.62% (As of Sep. 2024)


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What is RFG Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. RFG Holdings's annualized net income for the quarter that ended in Sep. 2024 was R609 Mil. RFG Holdings's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was R3,665 Mil. Therefore, RFG Holdings's annualized ROE % for the quarter that ended in Sep. 2024 was 16.62%.

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

JSE:RFG' s ROE % Range Over the Past 10 Years
Min: 6.81   Med: 13.01   Max: 26.53
Current: 15.82

During the past 11 years, RFG Holdings's highest ROE % was 26.53%. The lowest was 6.81%. And the median was 13.01%.

JSE:RFG's ROE % is ranked better than
79.52% of 1841 companies
in the Consumer Packaged Goods industry
Industry Median: 6.8 vs JSE:RFG: 15.82

RFG Holdings ROE % Historical Data

The historical data trend for RFG Holdings'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.

RFG Holdings ROE % Chart

RFG Holdings Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.53 8.09 12.51 14.85 15.66

RFG Holdings Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 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 13.78 14.14 15.91 15.15 16.62

Competitive Comparison of RFG Holdings's ROE %

For the Packaged Foods subindustry, RFG Holdings'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.


RFG Holdings's ROE % Distribution in the Consumer Packaged Goods Industry

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

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



RFG Holdings ROE % Calculation

RFG Holdings's annualized ROE % for the fiscal year that ended in Sep. 2024 is calculated as

ROE %=Net Income (A: Sep. 2024 )/( (Total Stockholders Equity (A: Sep. 2023 )+Total Stockholders Equity (A: Sep. 2024 ))/ count )
=565.691/( (3395.84+3829.137)/ 2 )
=565.691/3612.4885
=15.66 %

RFG Holdings'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 )
=609.146/( (3499.953+3829.137)/ 2 )
=609.146/3664.545
=16.62 %

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


RFG Holdings  (JSE:RFG) 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
=609.146/3664.545
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(609.146 / 8217.114)*(8217.114 / 6140.9265)*(6140.9265 / 3664.545)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.41 %*1.3381*1.6758
=ROA %*Equity Multiplier
=9.92 %*1.6758
=16.62 %

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
=609.146/3664.545
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (609.146 / 820.862) * (820.862 / 906.94) * (906.94 / 8217.114) * (8217.114 / 6140.9265) * (6140.9265 / 3664.545)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7421 * 0.9051 * 11.04 % * 1.3381 * 1.6758
=16.62 %

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


RFG Holdings ROE % Related Terms

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RFG Holdings Business Description

Traded in Other Exchanges
N/A
Address
Pniel Road, Groot Drakenstein, Paarl, Cape Town, WC, ZAF, 7680
RFG Holdings Ltd is a South Africa based company engaged in supplying fresh, frozen, and convenience meal solutions. The product range offered by the company includes canned fruit, jam, vegetable and meat products, bottled salads, fruit juices and purees, fresh ready meals, pies, pastries, bakery, and dairy products. The business operates under two divisions namely, Long life foods and Fresh products. Long life foods division, which includes canned fruits and vegetables, jams, bottled salads, fruit juice, fruit purees, baby food, and canned meat, contributes majorly to the group's revenue. The company's reportable segments include, Regional which is the key revenue generating segment, and International.

RFG Holdings Headlines