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Upbest Group (HKSE:00335) ROE % : 3.85% (As of Sep. 2023)


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What is Upbest Group ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Upbest Group's annualized net income for the quarter that ended in Sep. 2023 was HK$106.3 Mil. Upbest Group's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was HK$2,760.4 Mil. Therefore, Upbest Group's annualized ROE % for the quarter that ended in Sep. 2023 was 3.85%.

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

HKSE:00335' s ROE % Range Over the Past 10 Years
Min: 1.75   Med: 8.32   Max: 26.47
Current: 4.2

During the past 13 years, Upbest Group's highest ROE % was 26.47%. The lowest was 1.75%. And the median was 8.32%.

HKSE:00335's ROE % is ranked worse than
55.24% of 773 companies
in the Capital Markets industry
Industry Median: 5.35 vs HKSE:00335: 4.20

Upbest Group ROE % Historical Data

The historical data trend for Upbest Group'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.

Upbest Group ROE % Chart

Upbest Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.92 1.81 1.75 3.24 3.66

Upbest Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.54 2.95 2.84 4.53 3.85

Competitive Comparison of Upbest Group's ROE %

For the Capital Markets subindustry, Upbest Group'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.


Upbest Group's ROE % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Upbest Group's ROE % distribution charts can be found below:

* The bar in red indicates where Upbest Group's ROE % falls into.



Upbest Group ROE % Calculation

Upbest Group's annualized ROE % for the fiscal year that ended in Mar. 2023 is calculated as

ROE %=Net Income (A: Mar. 2023 )/( (Total Stockholders Equity (A: Mar. 2022 )+Total Stockholders Equity (A: Mar. 2023 ))/ count )
=100.31/( (2719.756+2762.469)/ 2 )
=100.31/2741.1125
=3.66 %

Upbest Group'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 )
=106.34/( (2762.469+2758.389)/ 2 )
=106.34/2760.429
=3.85 %

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


Upbest Group  (HKSE:00335) 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
=106.34/2760.429
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(106.34 / 135.544)*(135.544 / 3008.4435)*(3008.4435 / 2760.429)
=Net Margin %*Asset Turnover*Equity Multiplier
=78.45 %*0.0451*1.0898
=ROA %*Equity Multiplier
=3.54 %*1.0898
=3.85 %

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
=106.34/2760.429
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (106.34 / 115.974) * (115.974 / 126.942) * (126.942 / 135.544) * (135.544 / 3008.4435) * (3008.4435 / 2760.429)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9169 * 0.9136 * 93.65 % * 0.0451 * 1.0898
=3.85 %

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.

* 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.


Upbest Group ROE % Related Terms

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Upbest Group (HKSE:00335) Business Description

Traded in Other Exchanges
N/A
Address
300 Des Voeux Road Central, 2nd Floor, Wah Kit Commercial Centre, Hong Kong, HKG
Upbest Group Ltd is an investment holding company. The principal activity of the Company is investment holding. Its subsidiaries are principally engaged in securities broking, futures broking, securities margin financing, money lending, corporate finance advisory, assets management, precious metal trading, and property investment. The company's operating segment includes Broking, Financing, corporate finance, assets management, properties investment, and precious metal trading the firm generates the majority of its revenue from property investment. geographically the majority of its revenues come from Hongkong.

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