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SPEV (Shorepower Technologies) ROE % : 0.00% (As of Sep. 2024)


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What is Shorepower Technologies ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Shorepower Technologies's annualized net income for the quarter that ended in Sep. 2024 was $-0.31 Mil. Shorepower Technologies's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was $-1.50 Mil. Therefore, Shorepower Technologies's annualized ROE % for the quarter that ended in Sep. 2024 was N/A%.

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

During the past 13 years, Shorepower Technologies's highest ROE % was Negative Equity%. The lowest was 0.00%. And the median was Negative Equity%.

SPEV's ROE % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 5.58
* Ranked among companies with meaningful ROE % only.

Shorepower Technologies ROE % Historical Data

The historical data trend for Shorepower Technologies'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.

Shorepower Technologies ROE % Chart

Shorepower Technologies Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
ROE %
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Shorepower Technologies Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 Jun24 Sep24
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Competitive Comparison of Shorepower Technologies's ROE %

For the Specialty Retail subindustry, Shorepower Technologies'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.


Shorepower Technologies's ROE % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shorepower Technologies's ROE % distribution charts can be found below:

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



Shorepower Technologies ROE % Calculation

Shorepower Technologies's annualized ROE % for the fiscal year that ended in Feb. 2023 is calculated as

ROE %=Net Income (A: Feb. 2023 )/( (Total Stockholders Equity (A: Feb. 2022 )+Total Stockholders Equity (A: Feb. 2023 ))/ count )
=-0.597/( (0.199+-0.847)/ 2 )
=-0.597/-0.324
=N/A %

Shorepower Technologies's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Jun. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=-0.308/( (-1.46+-1.537)/ 2 )
=-0.308/-1.4985
=N/A %

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

* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.


Shorepower Technologies  (OTCPK:SPEV) 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. 2024 )
=Net Income/Total Stockholders Equity
=-0.308/-1.4985
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.308 / 0.06)*(0.06 / 0.082)*(0.082 / -1.4985)
=Net Margin %*Asset Turnover*Equity Multiplier
=-513.33 %*0.7317*N/A
=ROA %*Equity Multiplier
=-375.6 %*N/A
=N/A %

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. 2024 )
=Net Income/Total Stockholders Equity
=-0.308/-1.4985
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-0.308 / -0.308) * (-0.308 / -0.24) * (-0.24 / 0.06) * (0.06 / 0.082) * (0.082 / -1.4985)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 1.2833 * -400 % * 0.7317 * N/A
=N/A %

Note: The net income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


Shorepower Technologies ROE % Related Terms

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Shorepower Technologies Business Description

Traded in Other Exchanges
N/A
Address
5291 North East Elam Young Parkway, Suite 160, Hillsboro, OR, USA, 97124
Shorepower Technologies Inc is a transportation electrification company that builds, deploys, and operates plug-in stations that allow electric vehicles, trucks, and refrigerated trailers to conveniently access electric power while parked or staged.
Executives
Erop Capital Llc 10 percent owner 912 HOLCOMB BRIDGE ROAD, STE 101, ROSWELL GA 30076
Jeffrey Kim director, 10 percent owner, officer: President and CEO 5291 NE ELAM YOUNG PARKWAY,, SUITE 160, HILLSBORO OR 97124
Thirty 05 Llc director, officer: President 3005 HOEDT RD, TAMPA FL 33618