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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Willis Lease Finance's annualized net income for the quarter that ended in Dec. 2023 was $43.8 Mil. Willis Lease Finance's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $435.4 Mil. Therefore, Willis Lease Finance's annualized ROE % for the quarter that ended in Dec. 2023 was 10.06%.
The historical rank and industry rank for Willis Lease Finance's ROE % or its related term are showing as below:
During the past 13 years, Willis Lease Finance's highest ROE % was 27.31%. The lowest was 0.91%. And the median was 5.14%.
The historical data trend for Willis Lease Finance'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.
Willis Lease Finance Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROE % | Get a 7-Day Free Trial | 21.01 | 2.73 | 0.91 | 1.39 | 10.38 |
Willis Lease Finance Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROE % | Get a 7-Day Free Trial | 13.60 | 4.34 | 13.43 | 13.77 | 10.06 |
For the Rental & Leasing Services subindustry, Willis Lease Finance'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.
For the Business Services industry and Industrials sector, Willis Lease Finance's ROE % distribution charts can be found below:
* The bar in red indicates where Willis Lease Finance's ROE % falls into.
Willis Lease Finance'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 ) |
= | 43.781 | / | ( (404.688 | + | 438.963) | / 2 ) | |
= | 43.781 | / | 421.8255 | ||||
= | 10.38 % |
Willis Lease Finance's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as
ROE % | = | Net Income (Q: Dec. 2023 ) | / | ( (Total Stockholders Equity (Q: Sep. 2023 ) | + | Total Stockholders Equity (Q: Dec. 2023 )) | / count ) |
= | 43.812 | / | ( (431.928 | + | 438.963) | / 2 ) | |
= | 43.812 | / | 435.4455 | ||||
= | 10.06 % |
* 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 (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.
Willis Lease Finance (NAS:WLFC) 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: Dec. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 43.812 | / | 435.4455 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (43.812 / 457.12) | * | (457.12 / 2627.332) | * | (2627.332 / 435.4455) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 9.58 % | * | 0.174 | * | 6.0337 |
= | ROA % | * | Equity Multiplier | ||
= | 1.67 % | * | 6.0337 | ||
= | 10.06 % |
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: Dec. 2023 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | 43.812 | / | 435.4455 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (43.812 / 83.924) | * | (83.924 / 164.244) | * | (164.244 / 457.12) | * | (457.12 / 2627.332) | * | (2627.332 / 435.4455) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.522 | * | 0.511 | * | 35.93 % | * | 0.174 | * | 6.0337 |
= | 10.06 % |
Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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.
Thank you for viewing the detailed overview of Willis Lease Finance's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Willis Charles F Iv | director, 10 percent owner, officer: Executive Chairman | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Scott B. Flaherty | officer: SVP, CFO | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Brian Richard Hole | officer: President | 4700 LYONS TECHNOLOGY, SUITE 2215, COCONUT CREEK FL 33073 |
Hans Jorg Hunziker | director | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Austin Chandler Willis | director | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Rae Ann Mckeating | director | PO BOX 593, MCCALL ID 83638 |
Robert J. Keady | director | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Robert T Morris | director | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Dean Michael Poulakidas | officer: SVP, Gen. Counsel, Secretary | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Anthony R. Spaulding | officer: SVP, Technical Services | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Donald A Nunemaker | officer: EVP, General Mgr. Leasing | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Bradley Stewart Forsyth | officer: SVP, CFO | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Ernest J. Furtado | officer: Interim CFO | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Coon W William Jr | director | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Judith M Webber | officer: SVP, Technical Services | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
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