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Hyflux (SGX:600) ROE % : -1,111.49% (As of Sep. 2018)


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What is Hyflux ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hyflux's annualized net income for the quarter that ended in Sep. 2018 was S$-3,911.0 Mil. Hyflux's average Total Stockholders Equity over the quarter that ended in Sep. 2018 was S$351.9 Mil. Therefore, Hyflux's annualized ROE % for the quarter that ended in Sep. 2018 was -1,111.49%.

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

SGX:600's ROE % is not ranked *
in the Utilities - Regulated industry.
Industry Median: 8.43
* Ranked among companies with meaningful ROE % only.

Hyflux ROE % Historical Data

The historical data trend for Hyflux'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.

Hyflux ROE % Chart

Hyflux Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.05 5.18 3.98 0.27 -9.28

Hyflux Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 -9.86 -24.55 -9.13 -52.63 -1,111.49

Competitive Comparison of Hyflux's ROE %

For the Utilities - Regulated Water subindustry, Hyflux'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.


Hyflux's ROE % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hyflux's ROE % distribution charts can be found below:

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



Hyflux ROE % Calculation

Hyflux's annualized ROE % for the fiscal year that ended in Dec. 2017 is calculated as

ROE %=Net Income (A: Dec. 2017 )/( (Total Stockholders Equity (A: Dec. 2016 )+Total Stockholders Equity (A: Dec. 2017 ))/ count )
=-116.352/( (1526.76+982.015)/ 2 )
=-116.352/1254.3875
=-9.28 %

Hyflux's annualized ROE % for the quarter that ended in Sep. 2018 is calculated as

ROE %=Net Income (Q: Sep. 2018 )/( (Total Stockholders Equity (Q: Jun. 2018 )+Total Stockholders Equity (Q: Sep. 2018 ))/ count )
=-3911/( (843.321+-139.581)/ 2 )
=-3911/351.87
=-1,111.49 %

* 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. 2018) net income data. ROE % is displayed in the 30-year financial page.


Hyflux  (SGX:600) 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. 2018 )
=Net Income/Total Stockholders Equity
=-3911/351.87
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3911 / 98.612)*(98.612 / 3070.674)*(3070.674 / 351.87)
=Net Margin %*Asset Turnover*Equity Multiplier
=-3966.05 %*0.0321*8.7267
=ROA %*Equity Multiplier
=-127.31 %*8.7267
=-1,111.49 %

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. 2018 )
=Net Income/Total Stockholders Equity
=-3911/351.87
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-3911 / -3925.58) * (-3925.58 / -98.412) * (-98.412 / 98.612) * (98.612 / 3070.674) * (3070.674 / 351.87)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9963 * 39.8892 * -99.8 % * 0.0321 * 8.7267
=-1,111.49 %

Note: The net income data used here is four times the quarterly (Sep. 2018) net income data. The Revenue data used here is four times the quarterly (Sep. 2018) 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.


Hyflux ROE % Related Terms

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Hyflux (SGX:600) Business Description

Traded in Other Exchanges
N/A
Address
80 Bendemeer Road, Hyflux Innovation Centre, Singapore, SGP, 339949
Hyflux Ltd through its subsidiaries is engaged in seawater desalination, raw water purification, wastewater cleaning, water recycling, water reclamation and ultra-pure water production for municipal and industrial clients as well as home consumer, filtration, and purification products. The company operates through two segments: Municipal and Industrial. The Municipal segment supplies a range of water and fluid treatment solutions to municipalities and governments, including commissioning, operation, and maintenance of a range of water treatment and liquid separation plants. The Industrial segment includes liquid separation applications for the manufacturing sector, such as the pharmaceutical, biotechnology, food processing, and petrochemical oil-related industries.

Hyflux (SGX:600) Headlines

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