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Mace Security International (Mace Security International) ROE % : -40.80% (As of Mar. 2023)


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What is Mace Security International ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mace Security International's annualized net income for the quarter that ended in Mar. 2023 was $-2.99 Mil. Mace Security International's average Total Stockholders Equity over the quarter that ended in Mar. 2023 was $7.32 Mil. Therefore, Mace Security International's annualized ROE % for the quarter that ended in Mar. 2023 was -40.80%.

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

MACE's ROE % is not ranked *
in the Business Services industry.
Industry Median: 8.58
* Ranked among companies with meaningful ROE % only.

Mace Security International ROE % Historical Data

The historical data trend for Mace Security International'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.

Mace Security International ROE % Chart

Mace Security International Annual Data
Trend Dec10 Dec11 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.81 -24.38 23.40 7.32 -20.59

Mace Security International Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -26.11 -21.31 -11.38 -23.75 -40.80

Competitive Comparison of Mace Security International's ROE %

For the Security & Protection Services subindustry, Mace Security International'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.


Mace Security International's ROE % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Mace Security International's ROE % distribution charts can be found below:

* The bar in red indicates where Mace Security International's ROE % falls into.



Mace Security International ROE % Calculation

Mace Security International's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as

ROE %=Net Income (A: Dec. 2022 )/( (Total Stockholders Equity (A: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=-1.738/( (9.21+7.671)/ 2 )
=-1.738/8.4405
=-20.59 %

Mace Security International's annualized ROE % for the quarter that ended in Mar. 2023 is calculated as

ROE %=Net Income (Q: Mar. 2023 )/( (Total Stockholders Equity (Q: Dec. 2022 )+Total Stockholders Equity (Q: Mar. 2023 ))/ count )
=-2.988/( (7.671+6.976)/ 2 )
=-2.988/7.3235
=-40.80 %

* 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 (Mar. 2023) net income data. ROE % is displayed in the 30-year financial page.


Mace Security International  (OTCPK:MACE) 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: Mar. 2023 )
=Net Income/Total Stockholders Equity
=-2.988/7.3235
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.988 / 6.648)*(6.648 / 10.662)*(10.662 / 7.3235)
=Net Margin %*Asset Turnover*Equity Multiplier
=-44.95 %*0.6235*1.4559
=ROA %*Equity Multiplier
=-28.03 %*1.4559
=-40.80 %

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: Mar. 2023 )
=Net Income/Total Stockholders Equity
=-2.988/7.3235
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-2.988 / -2.988) * (-2.988 / -2.892) * (-2.892 / 6.648) * (6.648 / 10.662) * (10.662 / 7.3235)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 1.0332 * -43.5 % * 0.6235 * 1.4559
=-40.80 %

Note: The net income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) 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.


Mace Security International ROE % Related Terms

Thank you for viewing the detailed overview of Mace Security International's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Mace Security International (Mace Security International) Business Description

Traded in Other Exchanges
N/A
Address
4400 Carnegie Avenue, Cleveland, OH, USA, 44103
Mace Security International Inc operates in a single segment of Personal Safety and Security, which sells its products to retailers, distributors, and individual consumers. It also sells tactical spray products and systems to law enforcement, security professionals, correctional institutions, and military markets. The company sells its products under the Mace Brand. Some of its products include Stun Guns, Home defense Kit, Personal Alarms, Pepper Sprays, Pepper Guns, Pepper Gel, and Other self-defense products.
Executives
Richard A Barone director ONE CHAGRIN HIGHLANDS, 2000 AUBURN DRIVE SUITE 300, CLEVELAND OH 44122
John Joseph Mccann director, officer: CEO 17410 TALL TREE TRAIL, CHAGRIN FALLS OH 44023
Daniel V Perella director 5991 HEATHER LANE, HUDSON OH 44236
Denis J Amato director ONE CHAGRIN HIGHLAND, 2000 AUBURN DRIVE #300, CLEVELAND OH 44122
Larry I Pollock director BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Dennis R Raefield director, officer: Chief Executive Officer 4 ORCHARD LN, ALAMO CA 94507
Michael E Smith director 240 GIBRALTAR ROAD, SUITE 220, HORSHAM PA 19044
John C Mallon director 350 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10017
Lawndale Capital Management Llc 10 percent owner 591 REDWOOD HIGHWAY, SUITE 2345, MILL VALLEY CA 94941
Andrew E Shapiro 10 percent owner 591 REDWOOD HIGHWAY, SUITE 2345, MILL VALLEY CA 94941
Gerald T Laflamme director 2355 S ARLINGTON HEIGHTS RD STE 400, ARLIGTON HEIGHTS IL 60005
Ronald R Pollo officer: Chief Accounting Officer 1000 CRAWFORD PL, SUITE 400, MT LAUREL NJ 08054
Papadakis Constantine director 75 CRESTLINE RD, WAYNE NJ 19087
Gregory M Krzemien officer: Cheif Financial Officer 1000 CRAWFORD PL, SUITE 400, MT LAUREL NJ 08054
Matthew Joseph Paolino director 1000 CRAWFORD PLAZA, SUITE 400, MOUNT LAUREL NJ 08054