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Distribuzione Elettrica Adriatica SpA (MIL:DEA) ROE % : 0.00% (As of Dec. 2023)


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What is Distribuzione Elettrica Adriatica SpA ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Distribuzione Elettrica Adriatica SpA's annualized net income for the quarter that ended in Dec. 2023 was €0.00 Mil. Distribuzione Elettrica Adriatica SpA's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was €50.39 Mil. Therefore, Distribuzione Elettrica Adriatica SpA's annualized ROE % for the quarter that ended in Dec. 2023 was 0.00%.

The historical rank and industry rank for Distribuzione Elettrica Adriatica SpA's ROE % or its related term are showing as below:

MIL:DEA' s ROE % Range Over the Past 10 Years
Min: 3.05   Med: 4.87   Max: 6.69
Current: 5.37

During the past 2 years, Distribuzione Elettrica Adriatica SpA's highest ROE % was 6.69%. The lowest was 3.05%. And the median was 4.87%.

MIL:DEA's ROE % is ranked worse than
69.94% of 499 companies
in the Utilities - Regulated industry
Industry Median: 8.37 vs MIL:DEA: 5.37

Distribuzione Elettrica Adriatica SpA ROE % Historical Data

The historical data trend for Distribuzione Elettrica Adriatica SpA'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.

Distribuzione Elettrica Adriatica SpA ROE % Chart

Distribuzione Elettrica Adriatica SpA Annual Data
Trend Dec22 Dec23
ROE %
3.05 6.69

Distribuzione Elettrica Adriatica SpA Semi-Annual Data
Dec22 Dec23 Jun24
ROE % - - 10.74

Competitive Comparison of Distribuzione Elettrica Adriatica SpA's ROE %

For the Utilities - Regulated Electric subindustry, Distribuzione Elettrica Adriatica SpA'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.


Distribuzione Elettrica Adriatica SpA's ROE % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Distribuzione Elettrica Adriatica SpA's ROE % distribution charts can be found below:

* The bar in red indicates where Distribuzione Elettrica Adriatica SpA's ROE % falls into.



Distribuzione Elettrica Adriatica SpA ROE % Calculation

Distribuzione Elettrica Adriatica SpA's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=3.373/( (34.019+66.751)/ 2 )
=3.373/50.385
=6.69 %

Distribuzione Elettrica Adriatica SpA's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Dec. 2022 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=0/( (34.019+66.751)/ 2 )
=0/50.385
=0.00 %

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


Distribuzione Elettrica Adriatica SpA  (MIL:DEA) 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: Dec. 2023 )
=Net Income/Total Stockholders Equity
=0/50.385
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0 / 0)*(0 / 72.8455)*(72.8455 / 50.385)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*1.4458
=ROA %*Equity Multiplier
=N/A %*1.4458
=0.00 %

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: Dec. 2023 )
=Net Income/Total Stockholders Equity
=0/50.385
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (0 / 0) * (0 / 0) * (0 / 0) * (0 / 72.8455) * (72.8455 / 50.385)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= N/A * N/A * N/A % * 0 * 1.4458
=0.00 %

Note: The net income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.


Distribuzione Elettrica Adriatica SpA ROE % Related Terms

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Distribuzione Elettrica Adriatica SpA Business Description

Traded in Other Exchanges
N/A
Address
Via Guazzatore no. 159, Osimo, ITA, 60027
Distribuzione Elettrica Adriatica SpA is a Italy based company. Its activity is divided into two distinct business lines dedicated, respectively, to the distribution of electricity (Distribution Electrical Energy) and public lighting (Public Lighting). In the distribution of electricity, The company deals with the activities relating to the operation, maintenance and development of medium voltage (MV) and low voltage (LV) infrastructures with the objective of allowing the transport of electricity from the substations of the distribution networks to the withdrawal points (PoD). The public lighting includes design, construction and maintenance of public lighting systems, by virtue of obtaining concessions from the relevant municipalities.