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ING Bank Slaski (WAR:ING) ROE % : 29.00% (As of Sep. 2024)


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What is ING Bank Slaski ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. ING Bank Slaski's annualized net income for the quarter that ended in Sep. 2024 was zł4,408 Mil. ING Bank Slaski's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was zł15,202 Mil. Therefore, ING Bank Slaski's annualized ROE % for the quarter that ended in Sep. 2024 was 29.00%.

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

WAR:ING' s ROE % Range Over the Past 10 Years
Min: 7.91   Med: 12.06   Max: 34.06
Current: 27.15

During the past 13 years, ING Bank Slaski's highest ROE % was 34.06%. The lowest was 7.91%. And the median was 12.06%.

WAR:ING's ROE % is ranked better than
95.83% of 1536 companies
in the Banks industry
Industry Median: 9.395 vs WAR:ING: 27.15

ING Bank Slaski ROE % Historical Data

The historical data trend for ING Bank Slaski'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.

ING Bank Slaski ROE % Chart

ING Bank Slaski Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.62 7.91 14.36 14.99 34.06

ING Bank Slaski Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 33.03 31.85 23.25 24.41 29.00

Competitive Comparison of ING Bank Slaski's ROE %

For the Banks - Regional subindustry, ING Bank Slaski'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.


ING Bank Slaski's ROE % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ING Bank Slaski's ROE % distribution charts can be found below:

* The bar in red indicates where ING Bank Slaski's ROE % falls into.



ING Bank Slaski ROE % Calculation

ING Bank Slaski'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 )
=4440.9/( (9344.3+16736)/ 2 )
=4440.9/13040.15
=34.06 %

ING Bank Slaski'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 )
=4408/( (14173.6+16229.7)/ 2 )
=4408/15201.65
=29.00 %

* 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.


ING Bank Slaski  (WAR:ING) 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
=4408/15201.65
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4408 / 11638.8)*(11638.8 / 251849.35)*(251849.35 / 15201.65)
=Net Margin %*Asset Turnover*Equity Multiplier
=37.87 %*0.0462*16.5672
=ROA %*Equity Multiplier
=1.75 %*16.5672
=29.00 %

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
=4408/15201.65
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (4408 / 5723.6) * (5723.6 / 11638.8) * (11638.8 / 251849.35) * (251849.35 / 15201.65)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.7701 * 49.18 % * 0.0462 * 16.5672
=29.00 %

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.


ING Bank Slaski ROE % Related Terms

Thank you for viewing the detailed overview of ING Bank Slaski's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


ING Bank Slaski Business Description

Traded in Other Exchanges
Address
Sokolska Street 34, Katowice, POL, 40-086
ING Bank Slaski SA offers a broad range of banking services rendered to individual and institutional clients in line with the scope of services outlined in the Bank's charter. The Bank runs operations both in the home currency and in foreign currencies. Additionally, through subsidiaries, the Group conducts leasing and factoring activity, advisory and acts as a financial intermediary as well as provides other financial services. The Group's business model includes the division of clients into two main segments namely the retail banking segment and corporate banking segment. The Group pursues business within the territory of the Republic of Poland.