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MSN (Emerson Radio) ROE % : -14.20% (As of Sep. 2024)


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What is Emerson Radio ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Emerson Radio's annualized net income for the quarter that ended in Sep. 2024 was $-3.52 Mil. Emerson Radio's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was $24.82 Mil. Therefore, Emerson Radio's annualized ROE % for the quarter that ended in Sep. 2024 was -14.20%.

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

MSN' s ROE % Range Over the Past 10 Years
Min: -13.61   Med: -5.56   Max: 2.96
Current: -12.06

During the past 13 years, Emerson Radio's highest ROE % was 2.96%. The lowest was -13.61%. And the median was -5.56%.

MSN's ROE % is ranked worse than
82.3% of 2390 companies
in the Hardware industry
Industry Median: 4.34 vs MSN: -12.06

Emerson Radio ROE % Historical Data

The historical data trend for Emerson Radio'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.

Emerson Radio ROE % Chart

Emerson Radio Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.78 -12.26 -12.66 -5.20 2.96

Emerson Radio Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 40.21 -6.16 -13.25 -14.95 -14.20

Competitive Comparison of Emerson Radio's ROE %

For the Consumer Electronics subindustry, Emerson Radio'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.


Emerson Radio's ROE % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Emerson Radio's ROE % distribution charts can be found below:

* The bar in red indicates where Emerson Radio's ROE % falls into.



Emerson Radio ROE % Calculation

Emerson Radio's annualized ROE % for the fiscal year that ended in Mar. 2024 is calculated as

ROE %=Net Income (A: Mar. 2024 )/( (Total Stockholders Equity (A: Mar. 2023 )+Total Stockholders Equity (A: Mar. 2024 ))/ count )
=0.766/( (25.459+26.225)/ 2 )
=0.766/25.842
=2.96 %

Emerson Radio's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Jun. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=-3.524/( (25.263+24.382)/ 2 )
=-3.524/24.8225
=-14.20 %

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


Emerson Radio  (AMEX:MSN) 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
=-3.524/24.8225
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.524 / 10.952)*(10.952 / 27.514)*(27.514 / 24.8225)
=Net Margin %*Asset Turnover*Equity Multiplier
=-32.18 %*0.3981*1.1084
=ROA %*Equity Multiplier
=-12.81 %*1.1084
=-14.20 %

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
=-3.524/24.8225
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-3.524 / -3.524) * (-3.524 / -4.468) * (-4.468 / 10.952) * (10.952 / 27.514) * (27.514 / 24.8225)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.7887 * -40.8 % * 0.3981 * 1.1084
=-14.20 %

Note: The net income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (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.


Emerson Radio ROE % Related Terms

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


Emerson Radio Business Description

Traded in Other Exchanges
N/A
Address
959 Route 46 East, Suite 210, Parsippany, NJ, USA, 07054
Emerson Radio Corp operates in the consumer electronics industry. The company designs, sources, imports, and markets a variety of houseware and consumer electronic products, and licenses the Emerson trademark domestically and internationally. Its products are offered to encompass televisions, digital versatile disc players and video cassette recorders, audio accessories, microwave ovens, home theatres, high-end audio products, office products, mobile stereo, and wireless products. geographically, it derives a majority of its revenue from the United States.
Executives
Richard Li officer: Chief Financial Officer C/O EMERSON RADIO CORP., 35 WATERVIEW BLVD., SUITE 140, PARSIPPANY NJ 07054
Omen Charm Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Bingzhao Tan 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Guichai He 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Ocean Rose Global Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Wealth Warrior Global Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Praisewise Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Merchant Link Holdings Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Splendid Brilliance (ptc) Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Aurizon Enterprises Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Rise Vision Global Ltd director, 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Ho Wing On Christopher director 146 ROBINSON ROAD, #01-01, SINGAPORE U0 068909
Kin S Yuen director C/O EMERSON RADIO CORP., 3 UNIVERSITY PLAZA, SUITE 405, HACKENSACK NJ 07601
Ho Family Trust 10 percent owner 146 ROBINSON ROAD, #01-01, SINGAPORE U0 068909
John Howard Batchelor director C/O EMERSON RADIO CORP., 3 UNIVERSITY PLAZA, SUITE 405, HACKENSACK NJ 07601

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