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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. KushCo Holdings's annualized net income for the quarter that ended in May. 2021 was $-31.9 Mil. KushCo Holdings's average Total Stockholders Equity over the quarter that ended in May. 2021 was $123.0 Mil. Therefore, KushCo Holdings's annualized ROE % for the quarter that ended in May. 2021 was -25.94%.
The historical rank and industry rank for KushCo Holdings's ROE % or its related term are showing as below:
During the past 7 years, KushCo Holdings's highest ROE % was 9.37%. The lowest was -237.13%. And the median was -43.32%.
The historical data trend for KushCo 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.
KushCo Holdings Annual Data | ||||||||||||||||
Trend | Aug14 | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | |||||||||
ROE % | Get a 7-Day Free Trial | 1.95 | 9.37 | -43.32 | -43.32 | -82.58 |
KushCo Holdings Quarterly Data | ||||||||||||||||||||
Aug16 | Nov16 | Feb17 | May17 | Aug17 | Nov17 | Feb18 | May18 | Aug18 | Nov18 | Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | |
ROE % | Get a 7-Day Free Trial | -59.84 | -33.98 | -20.22 | -18.73 | -25.94 |
For the Packaging & Containers subindustry, KushCo 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.
For the Packaging & Containers industry and Consumer Cyclical sector, KushCo Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where KushCo Holdings's ROE % falls into.
KushCo Holdings's annualized ROE % for the fiscal year that ended in Aug. 2020 is calculated as
ROE % | = | Net Income (A: Aug. 2020 ) | / | ( (Total Stockholders Equity (A: Aug. 2019 ) | + | Total Stockholders Equity (A: Aug. 2020 )) | / count ) |
= | -77.656 | / | ( (101.354 | + | 86.729) | / 2 ) | |
= | -77.656 | / | 94.0415 | ||||
= | -82.58 % |
KushCo Holdings's annualized ROE % for the quarter that ended in May. 2021 is calculated as
ROE % | = | Net Income (Q: May. 2021 ) | / | ( (Total Stockholders Equity (Q: Feb. 2021 ) | + | Total Stockholders Equity (Q: May. 2021 )) | / count ) |
= | -31.908 | / | ( (125.996 | + | 119.978) | / 2 ) | |
= | -31.908 | / | 122.987 | ||||
= | -25.94 % |
* 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 (May. 2021) net income data. ROE % is displayed in the 30-year financial page.
KushCo Holdings (OTCPK:KSHB) 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: May. 2021 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -31.908 | / | 122.987 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-31.908 / 113.276) | * | (113.276 / 167.3215) | * | (167.3215 / 122.987) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -28.17 % | * | 0.677 | * | 1.3605 |
= | ROA % | * | Equity Multiplier | ||
= | -19.07 % | * | 1.3605 | ||
= | -25.94 % |
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: May. 2021 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | -31.908 | / | 122.987 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-31.908 / -31.284) | * | (-31.284 / -18.92) | * | (-18.92 / 113.276) | * | (113.276 / 167.3215) | * | (167.3215 / 122.987) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1.0199 | * | 1.6535 | * | -16.7 % | * | 0.677 | * | 1.3605 |
= | -25.94 % |
Note: The net income data used here is four times the quarterly (May. 2021) net income data. The Revenue data used here is four times the quarterly (May. 2021) 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.
Thank you for viewing the detailed overview of KushCo Holdings's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen Christoffersen | officer: Chief Financial Officer | 6261 KATELLA AVENUE, SUITE 250, CYPRESS CA 90630 |
Peter A. Kadens | director | C/O KUSHCO HOLDINGS, INC., 6261 KATELLA AVE STE 250, CYPRESS CA 90630 |
Nicholas Kovacevich | director, officer: Chairman and CEO | 2618 SAN MIGUEL DRIVE, #480, NEWPORT BEACH CA 92660 |
Oliveira Rodrigo De | officer: Chief Operating Officer | C/O KUSHCO HOLDINGS, INC., 11958 MONARCH STREET, GARDEN GROVE CA 92841 |
Donald H Hunter | director | C/O HARBOR GLOBAL CO LTD, ONE FANEUIL HALL MARKET PLACE, BOSTON MA 02109 |
Barbara Goodstein | director | 23 MAIN STREET, HOLMDEL NJ 07733 |
Dallas Imbimbo | director | 1800 NEWPORT CIRCLE, SANTA ANA CA 92705 |
Eric Baum | director | 866 BERKSHIRE DRIVE, WESTBURY NY 11590 |
Christopher Tedford | officer: Chief Financial Officer | C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841 |
Jason Vegotsky | officer: Chief Revenue Officer | C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841 |
Jim Mccormick | officer: CFO and COO | 1800 NEWPORT CIRCLE SANTA ANA CA 92705 |
Ben Wu | other: Consultant, Former COO | 1800 NEWPORT CIRCLE SANTA ANA CA 92705 |
Chris Martin | other: None | 1800 NEWPORT CIRCLE SANTA ANA CA 92705 |
Greg Gamet | other: None | 3539 GAYLORD STREET DENVER CO 80205 |
Jeffrey Meng | 10 percent owner | 17595 HARVARD STREET C552 IRVINE CA 92614 |
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