Golden Heaven Group Holdings (Golden Heaven Group Holdings) ROE % : -2.89% (As of Sep. 2023)

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What is Golden Heaven Group Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Golden Heaven Group Holdings's annualized net income for the quarter that ended in Sep. 2023 was $-1.73 Mil. Golden Heaven Group Holdings's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was $59.93 Mil. Therefore, Golden Heaven Group Holdings's annualized ROE % for the quarter that ended in Sep. 2023 was -2.89%.

The historical rank and industry rank for Golden Heaven Group Holdings's ROE % or its related term are showing as below:

GDHG' s ROE % Range Over the Past 10 Years
Min: 11.59 Med: 31.2 Max: 41.96
Current: 11.59

During the past 4 years, Golden Heaven Group Holdings's highest ROE % was 41.96%. The lowest was 11.59%. And the median was 31.20%.

GDHG's ROE % is ranked better than
66.58% of 787 companies
in the Travel & Leisure industry
Industry Median: 5.99 vs GDHG: 11.59

Golden Heaven Group Holdings ROE % Historical Data

The historical data trend for Golden Heaven Group Holdings'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.

Golden Heaven Group Holdings ROE % Chart

Golden Heaven Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROE %

30.35

41.96

32.05

11.84

Golden Heaven Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROE %	Get a 7-Day Free Trial			27.61	33.18	29.00	27.36	-2.89

Competitive Comparison of Golden Heaven Group Holdings's ROE %

For the Leisure subindustry, Golden Heaven Group Holdings'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.

Golden Heaven Group Holdings's ROE % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Golden Heaven Group Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Golden Heaven Group Holdings's ROE % falls into.

Golden Heaven Group Holdings ROE % Calculation

Golden Heaven Group Holdings's annualized ROE % for the fiscal year that ended in Sep. 2023 is calculated as

ROE %	=	Net Income (A: Sep. 2023 )	/	( (Total Stockholders Equity (A: Sep. 2022 )	+	Total Stockholders Equity (A: Sep. 2023 ))	/ count )
	=	6.55	/	( (49.607	+	61.051)	/ 2 )
	=	6.55	/	55.329
	=	11.84 %

Golden Heaven Group Holdings's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as

ROE %	=	Net Income (Q: Sep. 2023 )	/	( (Total Stockholders Equity (Q: Mar. 2023 )	+	Total Stockholders Equity (Q: Sep. 2023 ))	/ count )
	=	-1.732	/	( (58.803	+	61.051)	/ 2 )
	=	-1.732	/	59.927
	=	-2.89 %

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 two times the semi-annual (Sep. 2023) net income data. ROE % is displayed in the 30-year financial page.

Golden Heaven Group Holdings (NAS:GDHG) 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. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-1.732	/	59.927
=	(Net Income / Revenue )	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-1.732 / 23.452)	*	(23.452 / 81.438)	*	(81.438 / 59.927)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-7.39 %	*	0.288	*	1.359
=	ROA %	*	Equity Multiplier
=	-2.13 %	*	1.359
=	-2.89 %

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. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-1.732	/	59.927
=	(Net Income / Pre-Tax Income)	*	(Pre-Tax Income / Operating Income)	*	(Operating Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-1.732 / 0.81)	*	(0.81 / 0.586)	*	(0.586 / 23.452)	*	(23.452 / 81.438)	*	(81.438 / 59.927)
=	Tax Burden	*	Interest Burden	*	Operating Margin %	*	Asset Turnover	*	Equity Multiplier
=	-2.1383	*	1.3823	*	2.5 %	*	0.288	*	1.359
=	-2.89 %

Note: The net income data used here is two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.

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.

Golden Heaven Group Holdings ROE % Related Terms

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Golden Heaven Group Holdings (Golden Heaven Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Heaven Group Holdings Ltd (NAS:GDHG) » Definitions » ROE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Banhouhaichuan Road, Xiqin Town, Yanping District, Fujian Province, Nanping City, CHN, 353001

Website

http://www.jsyoule.com

Golden Heaven Group Holdings Ltd is an offshore holding company. Through the operating entities in China, It manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The parks collectively contain nearly 159 rides and attractions. The firm's revenue is primarily generated from selling access to rides and attractions, charging fees for special event rentals, and collecting regular rental payments from commercial tenants.