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Mooreast Holdings (SGX:1V3) ROE % : 18.71% (As of Jun. 2023)


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What is Mooreast Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mooreast Holdings's annualized net income for the quarter that ended in Jun. 2023 was S$4.56 Mil. Mooreast Holdings's average Total Stockholders Equity over the quarter that ended in Jun. 2023 was S$24.35 Mil. Therefore, Mooreast Holdings's annualized ROE % for the quarter that ended in Jun. 2023 was 18.71%.

The historical rank and industry rank for Mooreast Holdings's ROE % or its related term are showing as below:

SGX:1V3' s ROE % Range Over the Past 10 Years
Min: -9.69   Med: 6.1   Max: 14.8
Current: 11.67

During the past 3 years, Mooreast Holdings's highest ROE % was 14.80%. The lowest was -9.69%. And the median was 6.10%.

SGX:1V3's ROE % is ranked better than
67.23% of 296 companies
in the Aerospace & Defense industry
Industry Median: 6.45 vs SGX:1V3: 11.67

Mooreast Holdings ROE % Historical Data

The historical data trend for Mooreast Holdings'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.

Mooreast Holdings ROE % Chart

Mooreast Holdings Annual Data
Trend Dec20 Dec21 Dec22
ROE %
14.80 -9.69 6.10

Mooreast Holdings Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
ROE % Get a 7-Day Free Trial 3.06 -24.68 7.84 4.36 18.71

Competitive Comparison of Mooreast Holdings's ROE %

For the Aerospace & Defense subindustry, Mooreast Holdings'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.


Mooreast Holdings's ROE % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Mooreast Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Mooreast Holdings's ROE % falls into.



Mooreast Holdings ROE % Calculation

Mooreast Holdings's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as

ROE %=Net Income (A: Dec. 2022 )/( (Total Stockholders Equity (A: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=1.373/( (21.787+23.229)/ 2 )
=1.373/22.508
=6.10 %

Mooreast Holdings's annualized ROE % for the quarter that ended in Jun. 2023 is calculated as

ROE %=Net Income (Q: Jun. 2023 )/( (Total Stockholders Equity (Q: Dec. 2022 )+Total Stockholders Equity (Q: Jun. 2023 ))/ count )
=4.556/( (23.229+25.47)/ 2 )
=4.556/24.3495
=18.71 %

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


Mooreast Holdings  (SGX:1V3) 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. 2023 )
=Net Income/Total Stockholders Equity
=4.556/24.3495
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4.556 / 28.838)*(28.838 / 76.9955)*(76.9955 / 24.3495)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.8 %*0.3745*3.1621
=ROA %*Equity Multiplier
=5.92 %*3.1621
=18.71 %

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. 2023 )
=Net Income/Total Stockholders Equity
=4.556/24.3495
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (4.556 / 5.468) * (5.468 / 1.384) * (1.384 / 28.838) * (28.838 / 76.9955) * (76.9955 / 24.3495)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8332 * 3.9509 * 4.8 % * 0.3745 * 3.1621
=18.71 %

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

* 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.


Mooreast Holdings ROE % Related Terms

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Mooreast Holdings (SGX:1V3) Business Description

Traded in Other Exchanges
N/A
Address
51 Shipyard Road, Mooreast Offshore Base, Singapore, SGP, 628139
Mooreast Holdings Ltd is a total mooring solutions specialist, serving the offshore oil and gas, marine and offshore renewable energy industries. With strong in-house capabilities in design, engineering and fabrication, the company offers a full range of mooring solutions including the design, engineering, fabrication, supply, mobilisation and logistics, installation and commissioning services for mooring systems and mooring system components as well as the provision of rigging and heavy lifting equipment.

Mooreast Holdings (SGX:1V3) Headlines

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