Ostin Technology Group Co (Ostin Technology Group Co) ROE % : -70.31% (As of Sep. 2023)

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What is Ostin Technology Group Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ostin Technology Group Co's annualized net income for the quarter that ended in Sep. 2023 was $-11.92 Mil. Ostin Technology Group Co's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was $16.95 Mil. Therefore, Ostin Technology Group Co's annualized ROE % for the quarter that ended in Sep. 2023 was -70.31%.

The historical rank and industry rank for Ostin Technology Group Co's ROE % or its related term are showing as below:

OST' s ROE % Range Over the Past 10 Years
Min: -55.73 Med: 10.45 Max: 30.4
Current: -55.45

During the past 5 years, Ostin Technology Group Co's highest ROE % was 30.40%. The lowest was -55.73%. And the median was 10.45%.

OST's ROE % is ranked worse than
94.94% of 2412 companies
in the Hardware industry
Industry Median: 4.535 vs OST: -55.45

Ostin Technology Group Co ROE % Historical Data

The historical data trend for Ostin Technology Group Co'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.

Ostin Technology Group Co ROE % Chart

Ostin Technology Group Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

ROE %

10.45

30.40

24.87

1.00

-55.73

Ostin Technology Group Co Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROE %	Get a 7-Day Free Trial				24.77	15.94	-9.74	-44.07	-70.31

Competitive Comparison of Ostin Technology Group Co's ROE %

For the Electronic Components subindustry, Ostin Technology Group Co'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.

Ostin Technology Group Co's ROE % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ostin Technology Group Co's ROE % distribution charts can be found below:

* The bar in red indicates where Ostin Technology Group Co's ROE % falls into.

Ostin Technology Group Co ROE % Calculation

Ostin Technology Group Co's annualized ROE % for the fiscal year that ended in Sep. 2023 is calculated as

ROE %	=	Net Income (A: Sep. 2023 )	/	( (Total Stockholders Equity (A: Sep. 2022 )	+	Total Stockholders Equity (A: Sep. 2023 ))	/ count )
	=	-10.949	/	( (25.336	+	13.958)	/ 2 )
	=	-10.949	/	19.647
	=	-55.73 %

Ostin Technology Group Co's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as

ROE %	=	Net Income (Q: Sep. 2023 )	/	( (Total Stockholders Equity (Q: Mar. 2023 )	+	Total Stockholders Equity (Q: Sep. 2023 ))	/ count )
	=	-11.92	/	( (19.948	+	13.958)	/ 2 )
	=	-11.92	/	16.953
	=	-70.31 %

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

Ostin Technology Group Co (NAS:OST) 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. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-11.92	/	16.953
=	(Net Income / Revenue )	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-11.92 / 46.462)	*	(46.462 / 57.113)	*	(57.113 / 16.953)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-25.66 %	*	0.8135	*	3.3689
=	ROA %	*	Equity Multiplier
=	-20.87 %	*	3.3689
=	-70.31 %

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. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-11.92	/	16.953
=	(Net Income / Pre-Tax Income)	*	(Pre-Tax Income / Operating Income)	*	(Operating Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-11.92 / -11.324)	*	(-11.324 / -9.832)	*	(-9.832 / 46.462)	*	(46.462 / 57.113)	*	(57.113 / 16.953)
=	Tax Burden	*	Interest Burden	*	Operating Margin %	*	Asset Turnover	*	Equity Multiplier
=	1.0526	*	1.1517	*	-21.16 %	*	0.8135	*	3.3689
=	-70.31 %

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

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.

Ostin Technology Group Co ROE % Related Terms

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Ostin Technology Group Co (Ostin Technology Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ostin Technology Group Co Ltd (NAS:OST) » Definitions » ROE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kechuang Road, Building 2, 101/201, Qixia District, Nanjing, CHN, 210046

Website

http://www.austinelec.com

Ostin Technology Group Co Ltd is a supplier of display modules and polarizers in China. It designs, develops, and manufactures TFT-LCD modules in a wide range of sizes and customized sizes according to the specifications of its customers. Its display modules are mainly used in consumer electronics, commercial LCD displays, and automotive displays. The company also manufactures polarizers used in the TFT-LCD display modules and is in the process of developing polarizers for the OLED display panel.