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Hennessy Capital Investment VI (Hennessy Capital Investment VI) ROE % : 4.60% (As of Dec. 2023)


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What is Hennessy Capital Investment VI ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hennessy Capital Investment VI's annualized net income for the quarter that ended in Dec. 2023 was $11.97 Mil. Hennessy Capital Investment VI's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $259.90 Mil. Therefore, Hennessy Capital Investment VI's annualized ROE % for the quarter that ended in Dec. 2023 was 4.60%.

The historical rank and industry rank for Hennessy Capital Investment VI's ROE % or its related term are showing as below:

HCVI' s ROE % Range Over the Past 10 Years
Min: 2.11   Med: 3.44   Max: 4.73
Current: 2.11

During the past 3 years, Hennessy Capital Investment VI's highest ROE % was 4.73%. The lowest was 2.11%. And the median was 3.44%.

HCVI's ROE % is ranked better than
65.1% of 553 companies
in the Diversified Financial Services industry
Industry Median: 0.65 vs HCVI: 2.11

Hennessy Capital Investment VI ROE % Historical Data

The historical data trend for Hennessy Capital Investment VI'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.

Hennessy Capital Investment VI ROE % Chart

Hennessy Capital Investment VI Annual Data
Trend Dec21 Dec22 Dec23
ROE %
- 4.73 2.15

Hennessy Capital Investment VI Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.20 0.88 2.92 0.34 4.60

Competitive Comparison of Hennessy Capital Investment VI's ROE %

For the Shell Companies subindustry, Hennessy Capital Investment VI'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.


Hennessy Capital Investment VI's ROE % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Hennessy Capital Investment VI's ROE % distribution charts can be found below:

* The bar in red indicates where Hennessy Capital Investment VI's ROE % falls into.



Hennessy Capital Investment VI ROE % Calculation

Hennessy Capital Investment VI'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 )
=6.399/( (331.073+264.198)/ 2 )
=6.399/297.6355
=2.15 %

Hennessy Capital Investment VI'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 )
=11.968/( (255.598+264.198)/ 2 )
=11.968/259.898
=4.60 %

* 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.


Hennessy Capital Investment VI  (NAS:HCVI) 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
=11.968/259.898
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(11.968 / 0)*(0 / 313.2705)*(313.2705 / 259.898)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*1.2054
=ROA %*Equity Multiplier
=N/A %*1.2054
=4.60 %

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
=11.968/259.898
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (11.968 / 14.64) * (14.64 / -2.688) * (-2.688 / 0) * (0 / 313.2705) * (313.2705 / 259.898)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8175 * -5.4464 * N/A % * 0 * 1.2054
=4.60 %

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.


Hennessy Capital Investment VI ROE % Related Terms

Thank you for viewing the detailed overview of Hennessy Capital Investment VI's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Hennessy Capital Investment VI (Hennessy Capital Investment VI) Business Description

Traded in Other Exchanges
N/A
Address
3415 North Pines Way, Suite 204, Wilson, WY, USA, 83014
Hennessy Capital Investment Corp VI is a newly incorporated blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Atlas Merchant Capital Llc 10 percent owner 477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Arena Capital Advisors, Llc- Ca 10 percent owner 12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund Lp - Series H 10 percent owner 12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, L.p.- Series G 10 percent owner 12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025-1164
Arena Short Duration High Yield Fund, Lp - Series D 10 percent owner 12121 WILSHIRE BLVD, SUITE 1010, LOS ANGELES CA 90025
Arena Vii, Llc 10 percent owner 12121 WILSHIRE BLVD., SUITE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, Lp- Series E 10 percent owner 12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, Lp - Series C 10 percent owner 12121 WILSHIRE BLVD, SUITE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, Lp - Series B 10 percent owner 12121 WILSHIRE BLVD, SUITE 1010, LOS ANGELES CA 90025
Arena Short Duration High Yield Fund, Lp - Series A 10 percent owner 12121 WILSHIRE BLVD., SUITE 1010, LOS ANGELES CA 90025
Richard H Fearon director 1239 GERBING ROAD, AMELIA ISLAND FL 32034
Hennessy Capital Partners Vi Llc 10 percent owner 3415 N. PINES WAY, SUITE 204, WILSON WY 83014
Greg Ethridge director, 10 percent owner, officer: PRESIDENT AND COO 585 WEED STREET, NEW CANAAN CT 06840
Nicholas A Petruska 10 percent owner, officer: EVP, CFO AND SECRETARY 10 SOUTH WACKER DRIVE, SUITE 3175, CHICAGO IL 60606
Hennessy Capital Group Llc 10 percent owner 10 SOUTH WACKER DRIVE, SUITE 3175, CHICAGO IL 60606