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Morabaha Marina Financing Co (SAU:4082) ROE % : 3.90% (As of Sep. 2024)


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What is Morabaha Marina Financing Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Morabaha Marina Financing Co's annualized net income for the quarter that ended in Sep. 2024 was ﷼32.8 Mil. Morabaha Marina Financing Co's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was ﷼840.8 Mil. Therefore, Morabaha Marina Financing Co's annualized ROE % for the quarter that ended in Sep. 2024 was 3.90%.

The historical rank and industry rank for Morabaha Marina Financing Co's ROE % or its related term are showing as below:

SAU:4082' s ROE % Range Over the Past 10 Years
Min: 1.3   Med: 9.73   Max: 11.17
Current: 1.3

During the past 3 years, Morabaha Marina Financing Co's highest ROE % was 11.17%. The lowest was 1.30%. And the median was 9.73%.

SAU:4082's ROE % is ranked worse than
69.9% of 515 companies
in the Credit Services industry
Industry Median: 6.05 vs SAU:4082: 1.30

Morabaha Marina Financing Co ROE % Historical Data

The historical data trend for Morabaha Marina Financing 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.

Morabaha Marina Financing Co ROE % Chart

Morabaha Marina Financing Co Annual Data
Trend Dec21 Dec22 Dec23
ROE %
11.17 9.73 4.44

Morabaha Marina Financing Co Quarterly Data
Jun21 Sep21 Dec21 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 4.39 -4.33 2.55 3.04 3.90

Competitive Comparison of Morabaha Marina Financing Co's ROE %

For the Credit Services subindustry, Morabaha Marina Financing 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.


Morabaha Marina Financing Co's ROE % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Morabaha Marina Financing Co's ROE % distribution charts can be found below:

* The bar in red indicates where Morabaha Marina Financing Co's ROE % falls into.



Morabaha Marina Financing Co ROE % Calculation

Morabaha Marina Financing Co'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 )
=30.968/( (558.793+837.217)/ 2 )
=30.968/698.005
=4.44 %

Morabaha Marina Financing Co'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 )
=32.788/( (848.941+832.647)/ 2 )
=32.788/840.794
=3.90 %

* 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.


Morabaha Marina Financing Co  (SAU:4082) 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
=32.788/840.794
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(32.788 / 193.192)*(193.192 / 1435.7135)*(1435.7135 / 840.794)
=Net Margin %*Asset Turnover*Equity Multiplier
=16.97 %*0.1346*1.7076
=ROA %*Equity Multiplier
=2.28 %*1.7076
=3.90 %

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
=32.788/840.794
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (32.788 / 26.464) * (26.464 / -15.58) * (-15.58 / 193.192) * (193.192 / 1435.7135) * (1435.7135 / 840.794)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.239 * -1.6986 * -8.06 % * 0.1346 * 1.7076
=3.90 %

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.


Morabaha Marina Financing Co ROE % Related Terms

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Morabaha Marina Financing Co Business Description

Traded in Other Exchanges
N/A
Address
Al Thoumamah Road, P.O. Box 8055, Al Rabie District, Riyadh, SAU, 14925
Morabaha Marina Financing Co operates in the field of non-bank financing. It is engaged in leasing and providing financing facilities to medium and small enterprises and consumers in addition to financing production assets and offering consumer finance in accordance with the Saudi Central Bank. The Company's objective is to provide financing for Retails & SME`s. The Company has only one geographical segment and it operates in the Kingdom of Saudi Arabia. The company offers financing solutions through tawarruq, leasing, and murabaha products.

Morabaha Marina Financing Co Headlines

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