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SC Global Developments (SGX:D2S) ROE % : 19.03% (As of Sep. 2012)


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What is SC Global Developments ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. SC Global Developments's annualized net income for the quarter that ended in Sep. 2012 was S$146.2 Mil. SC Global Developments's average Total Stockholders Equity over the quarter that ended in Sep. 2012 was S$768.6 Mil. Therefore, SC Global Developments's annualized ROE % for the quarter that ended in Sep. 2012 was 19.03%.

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

SGX:D2S' s ROE % Range Over the Past 10 Years
Min: 4.76   Med: 12.53   Max: 22.56
Current: 4.76

During the past 11 years, SC Global Developments's highest ROE % was 22.56%. The lowest was 4.76%. And the median was 12.53%.

SGX:D2S's ROE % is not ranked
in the Real Estate industry.
Industry Median: 2.545 vs SGX:D2S: 4.76

SC Global Developments ROE % Historical Data

The historical data trend for SC Global Developments'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.

SC Global Developments ROE % Chart

SC Global Developments Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.32 12.74 11.54 22.56 16.76

SC Global Developments Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.98 -9.22 -5.95 -21.05 19.03

Competitive Comparison of SC Global Developments's ROE %

For the Real Estate Services subindustry, SC Global Developments'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.


SC Global Developments's ROE % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SC Global Developments's ROE % distribution charts can be found below:

* The bar in red indicates where SC Global Developments's ROE % falls into.



SC Global Developments ROE % Calculation

SC Global Developments's annualized ROE % for the fiscal year that ended in Dec. 2011 is calculated as

ROE %=Net Income (A: Dec. 2011 )/( (Total Stockholders Equity (A: Dec. 2010 )+Total Stockholders Equity (A: Dec. 2011 ))/ count )
=136.697/( (809.892+821.634)/ 2 )
=136.697/815.763
=16.76 %

SC Global Developments's annualized ROE % for the quarter that ended in Sep. 2012 is calculated as

ROE %=Net Income (Q: Sep. 2012 )/( (Total Stockholders Equity (Q: Jun. 2012 )+Total Stockholders Equity (Q: Sep. 2012 ))/ count )
=146.248/( (752.761+784.493)/ 2 )
=146.248/768.627
=19.03 %

* 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. 2012) net income data. ROE % is displayed in the 30-year financial page.


SC Global Developments  (SGX:D2S) 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. 2012 )
=Net Income/Total Stockholders Equity
=146.248/768.627
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(146.248 / 950.98)*(950.98 / 2736.4355)*(2736.4355 / 768.627)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.38 %*0.3475*3.5602
=ROA %*Equity Multiplier
=5.34 %*3.5602
=19.03 %

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. 2012 )
=Net Income/Total Stockholders Equity
=146.248/768.627
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (146.248 / 172.02) * (172.02 / 187.94) * (187.94 / 950.98) * (950.98 / 2736.4355) * (2736.4355 / 768.627)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8502 * 0.9153 * 19.76 % * 0.3475 * 3.5602
=19.03 %

Note: The net income data used here is four times the quarterly (Sep. 2012) net income data. The Revenue data used here is four times the quarterly (Sep. 2012) 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.


SC Global Developments ROE % Related Terms

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