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View United Real Estate Development Co (SAU:9591) ROE % : 13.60% (As of Jun. 2024)


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What is View United Real Estate Development Co ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. View United Real Estate Development Co's annualized net income for the quarter that ended in Jun. 2024 was ﷼8.59 Mil. View United Real Estate Development Co's average Total Stockholders Equity over the quarter that ended in Jun. 2024 was ﷼63.21 Mil. Therefore, View United Real Estate Development Co's annualized ROE % for the quarter that ended in Jun. 2024 was 13.60%.

The historical rank and industry rank for View United Real Estate Development Co's ROE % or its related term are showing as below:

SAU:9591' s ROE % Range Over the Past 10 Years
Min: 29.59   Med: 59.79   Max: 78.09
Current: 29.59

During the past 2 years, View United Real Estate Development Co's highest ROE % was 78.09%. The lowest was 29.59%. And the median was 59.79%.

SAU:9591's ROE % is ranked better than
95.48% of 1768 companies
in the Real Estate industry
Industry Median: 3.195 vs SAU:9591: 29.59

View United Real Estate Development Co ROE % Historical Data

The historical data trend for View United Real Estate Development 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.

View United Real Estate Development Co ROE % Chart

View United Real Estate Development Co Annual Data
Trend Dec22 Dec23
ROE %
78.09 41.48

View United Real Estate Development Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
ROE % - 34.97 43.63 13.60

Competitive Comparison of View United Real Estate Development Co's ROE %

For the Real Estate - Development subindustry, View United Real Estate Development 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.


View United Real Estate Development Co's ROE % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, View United Real Estate Development Co's ROE % distribution charts can be found below:

* The bar in red indicates where View United Real Estate Development Co's ROE % falls into.



View United Real Estate Development Co ROE % Calculation

View United Real Estate Development 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 )
=18.216/( (21.787+66.037)/ 2 )
=18.216/43.912
=41.48 %

View United Real Estate Development 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 )
=8.594/( (66.037+60.386)/ 2 )
=8.594/63.2115
=13.60 %

* 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.


View United Real Estate Development Co  (SAU:9591) 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
=8.594/63.2115
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(8.594 / 60.804)*(60.804 / 96.3445)*(96.3445 / 63.2115)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.13 %*0.6311*1.5242
=ROA %*Equity Multiplier
=8.92 %*1.5242
=13.60 %

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
=8.594/63.2115
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (8.594 / 9.332) * (9.332 / 8.81) * (8.81 / 60.804) * (60.804 / 96.3445) * (96.3445 / 63.2115)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9209 * 1.0593 * 14.49 % * 0.6311 * 1.5242
=13.60 %

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.


View United Real Estate Development Co ROE % Related Terms

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View United Real Estate Development Co Business Description

Traded in Other Exchanges
N/A
Address
3898 Anas Bin Malik Road, Al Yasmeen District 6577, Riyadh, SAU, 13325
View United Real Estate Development Co is a real estate development company relying on high expertise and modern technology in all stages of development and implementation to reach the architectural and construction design. The company's business activities consists of construction of residential buildings, general construction of non-residential buildings such as schools, hospitals, and hotels, purchasing and selling land and properties, off-plan sales, and management and leasing of owned or leased residential and non-residential properties.

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