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Al Razi Medical Co (SAU:9572) ROE % : 0.09% (As of Jun. 2024)


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What is Al Razi Medical Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Al Razi Medical Co's annualized net income for the quarter that ended in Jun. 2024 was ﷼0.02 Mil. Al Razi Medical Co's average Total Stockholders Equity over the quarter that ended in Jun. 2024 was ﷼22.37 Mil. Therefore, Al Razi Medical Co's annualized ROE % for the quarter that ended in Jun. 2024 was 0.09%.

The historical rank and industry rank for Al Razi Medical Co's ROE % or its related term are showing as below:

SAU:9572' s ROE % Range Over the Past 10 Years
Min: 0.4   Med: 5.77   Max: 8.54
Current: 0.4

During the past 2 years, Al Razi Medical Co's highest ROE % was 8.54%. The lowest was 0.40%. And the median was 5.77%.

SAU:9572's ROE % is ranked worse than
61.76% of 625 companies
in the Healthcare Providers & Services industry
Industry Median: 4.81 vs SAU:9572: 0.40

Al Razi Medical Co ROE % Historical Data

The historical data trend for Al Razi Medical 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.

Al Razi Medical Co ROE % Chart

Al Razi Medical Co Annual Data
Trend Dec22 Dec23
ROE %
8.54 2.99

Al Razi Medical Co Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
ROE % - 12.16 5.20 0.70 0.09

Competitive Comparison of Al Razi Medical Co's ROE %

For the Pharmaceutical Retailers subindustry, Al Razi Medical 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.


Al Razi Medical Co's ROE % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Al Razi Medical Co's ROE % distribution charts can be found below:

* The bar in red indicates where Al Razi Medical Co's ROE % falls into.



Al Razi Medical Co ROE % Calculation

Al Razi Medical 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 )
=0.686/( (23.592+22.369)/ 2 )
=0.686/22.9805
=2.99 %

Al Razi Medical Co's annualized ROE % for the quarter that ended in Jun. 2024 is calculated as

ROE %=Net Income (Q: Jun. 2024 )/( (Total Stockholders Equity (Q: Dec. 2023 )+Total Stockholders Equity (Q: Jun. 2024 ))/ count )
=0.02/( (22.369+22.379)/ 2 )
=0.02/22.374
=0.09 %

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


Al Razi Medical Co  (SAU:9572) 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: Jun. 2024 )
=Net Income/Total Stockholders Equity
=0.02/22.374
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.02 / 62.406)*(62.406 / 45.5155)*(45.5155 / 22.374)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.03 %*1.3711*2.0343
=ROA %*Equity Multiplier
=0.04 %*2.0343
=0.09 %

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: Jun. 2024 )
=Net Income/Total Stockholders Equity
=0.02/22.374
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (0.02 / 0.32) * (0.32 / 0.456) * (0.456 / 62.406) * (62.406 / 45.5155) * (45.5155 / 22.374)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.0625 * 0.7018 * 0.73 % * 1.3711 * 2.0343
=0.09 %

Note: The net income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.


Al Razi Medical Co ROE % Related Terms

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Al Razi Medical Co Business Description

Traded in Other Exchanges
N/A
Address
King Abdulaziz Road, Al-Khaleej District, Al-Bada'ea, Al-Qassim, Riyadh, SAU
Al Razi Medical Co operates in the medical field in the Kingdom of Saudi Arabia. The company provides all pharmaceutical and cosmetic products. It engages in buying and selling pharmaceuticals, medical supplies, herbal and cosmetic products, and all related products on a wholesale and retail basis.

Al Razi Medical Co Headlines

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