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Bank of Siauliai AB (OVSE:SAB1L) ROE % : 14.57% (As of Sep. 2024)


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What is Bank of Siauliai AB ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Bank of Siauliai AB's annualized net income for the quarter that ended in Sep. 2024 was €82.5 Mil. Bank of Siauliai AB's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was €566.2 Mil. Therefore, Bank of Siauliai AB's annualized ROE % for the quarter that ended in Sep. 2024 was 14.57%.

The historical rank and industry rank for Bank of Siauliai AB's ROE % or its related term are showing as below:

OVSE:SAB1L' s ROE % Range Over the Past 10 Years
Min: 11.76   Med: 16.22   Max: 27.59
Current: 13.57

During the past 13 years, Bank of Siauliai AB's highest ROE % was 27.59%. The lowest was 11.76%. And the median was 16.22%.

OVSE:SAB1L's ROE % is ranked better than
74.01% of 1535 companies
in the Banks industry
Industry Median: 9.39 vs OVSE:SAB1L: 13.57

Bank of Siauliai AB ROE % Historical Data

The historical data trend for Bank of Siauliai AB'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.

Bank of Siauliai AB ROE % Chart

Bank of Siauliai AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.60 12.93 14.55 15.93 15.29

Bank of Siauliai AB 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 20.07 7.50 16.70 15.08 14.57

Competitive Comparison of Bank of Siauliai AB's ROE %

For the Banks - Regional subindustry, Bank of Siauliai AB'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.


Bank of Siauliai AB's ROE % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of Siauliai AB's ROE % distribution charts can be found below:

* The bar in red indicates where Bank of Siauliai AB's ROE % falls into.



Bank of Siauliai AB ROE % Calculation

Bank of Siauliai AB'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 )
=75.375/( (442.906+543.128)/ 2 )
=75.375/493.017
=15.29 %

Bank of Siauliai AB'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 )
=82.52/( (555.472+577.019)/ 2 )
=82.52/566.2455
=14.57 %

* 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.


Bank of Siauliai AB  (OVSE:SAB1L) 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
=82.52/566.2455
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(82.52 / 217.936)*(217.936 / 4989.9175)*(4989.9175 / 566.2455)
=Net Margin %*Asset Turnover*Equity Multiplier
=37.86 %*0.0437*8.8123
=ROA %*Equity Multiplier
=1.65 %*8.8123
=14.57 %

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
=82.52/566.2455
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (82.52 / 101.488) * (101.488 / 217.936) * (217.936 / 4989.9175) * (4989.9175 / 566.2455)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.8131 * 46.57 % * 0.0437 * 8.8123
=14.57 %

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.


Bank of Siauliai AB ROE % Related Terms

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


Bank of Siauliai AB Business Description

Traded in Other Exchanges
Address
Tilzes Street 149, Siauliai, LTU, LT-76348
Bank of Siauliai AB provides lending to small and medium-sized business. The company accepts deposits, issues loans, makes money transfers and documentary settlements, exchanges currencies for its clients, issues and processes debit and credit cards. It is also engaged in trade finance and is investing and trading in securities. The bank has four business segments: Traditional banking operations and lending; Treasury; Non-core banking activities; and Other activities. It earns the majority of its income from the traditional banking operations and lending segment.

Bank of Siauliai AB Headlines

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