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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Blue Star Foods's annualized net income for the quarter that ended in Mar. 2024 was $-4.37 Mil. Blue Star Foods's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was $2.59 Mil. Therefore, Blue Star Foods's annualized ROE % for the quarter that ended in Mar. 2024 was -169.10%.
The historical rank and industry rank for Blue Star Foods's ROE % or its related term are showing as below:
During the past 7 years, Blue Star Foods's highest ROE % was -58.62%. The lowest was -663.01%. And the median was -344.47%.
The historical data trend for Blue Star Foods'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.
Blue Star Foods Annual Data | ||||||||||||||||
Trend | Oct17 | Oct18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
ROE % | Get a 7-Day Free Trial | - | - | -58.62 | -344.47 | -663.01 |
Blue Star Foods Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROE % | Get a 7-Day Free Trial | - | -2,508.86 | -765.67 | -161.98 | -169.10 |
For the Packaged Foods subindustry, Blue Star Foods'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 Consumer Packaged Goods industry and Consumer Defensive sector, Blue Star Foods's ROE % distribution charts can be found below:
* The bar in red indicates where Blue Star Foods's ROE % falls into.
Blue Star Foods'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 ) |
= | -4.472 | / | ( (-1.246 | + | 2.595) | / 2 ) | |
= | -4.472 | / | 0.6745 | ||||
= | -663.01 % |
Blue Star Foods's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as
ROE % | = | Net Income (Q: Mar. 2024 ) | / | ( (Total Stockholders Equity (Q: Dec. 2023 ) | + | Total Stockholders Equity (Q: Mar. 2024 )) | / count ) |
= | -4.372 | / | ( (2.595 | + | 2.576) | / 2 ) | |
= | -4.372 | / | 2.5855 | ||||
= | -169.10 % |
* 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 (Mar. 2024) net income data. ROE % is displayed in the 30-year financial page.
Blue Star Foods (NAS:BSFC) 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: Mar. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -4.372 | / | 2.5855 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-4.372 / 9.04) | * | (9.04 / 6.61) | * | (6.61 / 2.5855) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -48.36 % | * | 1.3676 | * | 2.5566 |
= | ROA % | * | Equity Multiplier | ||
= | -66.14 % | * | 2.5566 | ||
= | -169.10 % |
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: Mar. 2024 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | -4.372 | / | 2.5855 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-4.372 / -4.372) | * | (-4.372 / -3.368) | * | (-3.368 / 9.04) | * | (9.04 / 6.61) | * | (6.61 / 2.5855) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1 | * | 1.2981 | * | -37.26 % | * | 1.3676 | * | 2.5566 |
= | -169.10 % |
Note: The net income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
Thank you for viewing the detailed overview of Blue Star Foods's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Nubar Herian | director | 1120 NW 165TH STREET, MIAMI FL 33169 |
Jeffrey J Guzy | director | 3130 19TH STREET, NORTH, ARLINGTON VA 22201 |
Trond K. Ringstad | director | 1511 THIRD AVENUE, SUITE 788, SEATTLE WA 98101 |
John R Keeler | director, 10 percent owner, officer: Executive Chairman | 3000 NW 109TH AVE, MIAMI FL 33172 |
Juan Carlos Dalto | director | 3059 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361 |
Miozotis Ponce | officer: Chief Operating Officer | 3000 NW 109 AVENUE, MIAMI FL 33172 |
Silvia Sosa Alana | officer: Chief Financial Officer | 3000 NW 109 AVENUE, MIAMI FL 33172 |
Timothy Andrew Mclellan | director | 11016 MILL CREEK WAY, #2407, FORT MYERS FL 33913 |
Christopher Constable | director, officer: CFO, Treasurer and Secretary | 3000 NW 109TH AVE, MIAMI FL 33172 |
Carlos Faria | director, 10 percent owner, officer: President and CEO | 3000 NW 109TH AVE, MIAMI FL 33172 |
Laura E Anthony | director, 10 percent owner, officer: Former CFO Director+10% Holder | LAURA ANTHONY, 120 S. OLIVE AVE, WEST PALM BEACH FL 33401 |
Howard Gostfrand | director, 10 percent owner, officer: Former CEO Director+10% Holder | 625 N. FLAGLER DRIVE, SUITE 600, WEST PALM BEACH FL 33401 |
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