GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Woodsboro Bk MD (OTCPK:WOBK) » Definitions » ROE %

WOBK (Woodsboro Bk MD) ROE % : 19.46% (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Woodsboro Bk MD ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Woodsboro Bk MD's annualized net income for the quarter that ended in Dec. 2023 was $3.67 Mil. Woodsboro Bk MD's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $18.86 Mil. Therefore, Woodsboro Bk MD's annualized ROE % for the quarter that ended in Dec. 2023 was 19.46%.

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

WOBK' s ROE % Range Over the Past 10 Years
Min: 5.36   Med: 8.67   Max: 19.46
Current: 19.46

During the past 5 years, Woodsboro Bk MD's highest ROE % was 19.46%. The lowest was 5.36%. And the median was 8.67%.

WOBK's ROE % is ranked better than
89.9% of 1535 companies
in the Banks industry
Industry Median: 9.39 vs WOBK: 19.46

Woodsboro Bk MD ROE % Historical Data

The historical data trend for Woodsboro Bk MD'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.

Woodsboro Bk MD ROE % Chart

Woodsboro Bk MD Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
5.52 5.36 8.67 13.21 19.46

Woodsboro Bk MD Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
ROE % 5.52 5.36 8.67 13.21 19.46

Competitive Comparison of Woodsboro Bk MD's ROE %

For the Banks - Regional subindustry, Woodsboro Bk MD'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.


Woodsboro Bk MD's ROE % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Woodsboro Bk MD's ROE % distribution charts can be found below:

* The bar in red indicates where Woodsboro Bk MD's ROE % falls into.



Woodsboro Bk MD ROE % Calculation

Woodsboro Bk MD'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 )
=3.669/( (16.426+21.284)/ 2 )
=3.669/18.855
=19.46 %

Woodsboro Bk MD's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Dec. 2022 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=3.669/( (16.426+21.284)/ 2 )
=3.669/18.855
=19.46 %

* 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 one times the annual (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Woodsboro Bk MD  (OTCPK:WOBK) 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
=3.669/18.855
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3.669 / 15.376)*(15.376 / 405.773)*(405.773 / 18.855)
=Net Margin %*Asset Turnover*Equity Multiplier
=23.86 %*0.0379*21.5207
=ROA %*Equity Multiplier
=0.9 %*21.5207
=19.46 %

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
=3.669/18.855
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (3.669 / 4.839) * (4.839 / 15.376) * (15.376 / 405.773) * (405.773 / 18.855)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.7582 * 31.47 % * 0.0379 * 21.5207
=19.46 %

Note: The net income data used here is one times the annual (Dec. 2023) net income data. The Revenue data used here is one times the annual (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.


Woodsboro Bk MD ROE % Related Terms

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


Woodsboro Bk MD Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
5 North Main Street, Woodsboro, MD, USA, 21798
Woodsboro Bk MD provides a variety of financial services to individuals and corporate customers in its principal market area of Frederick County, Maryland through its five offices in Woodsboro, Frederick, and Thurmont, Maryland.

Woodsboro Bk MD Headlines

No Headlines