ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. KAL Group's annualized net income for the quarter that ended in Mar. 2024 was R575 Mil. KAL Group's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was R3,031 Mil. Therefore, KAL Group's annualized ROE % for the quarter that ended in Mar. 2024 was 18.97%.
The historical rank and industry rank for KAL Group's ROE % or its related term are showing as below:
JSE:KAL'
s ROE % Range Over the Past 10 Years
Min: 14.18 Med: 15.37 Max: 16.14
Current: 14.93
During the past 10 years, KAL Group's highest ROE % was 16.14%. The lowest was 14.18%. And the median was 15.37%.
JSE:KAL's ROE % is ranked better than 74.77% of 1090
companies
in the Retail - Cyclical industry
Industry Median: 5.69
vs JSE:KAL: 14.93
KAL Group ROE % Historical Data
The historical data trend for KAL 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.
For the Specialty Retail subindustry, KAL 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.
KAL Group's ROE % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, KAL Group's ROE % distribution charts can be found below:
* The bar in red indicates where KAL Group's ROE % falls into.
KAL Group ROE % Calculation
KAL Group's annualized ROE % for the fiscal year that ended in Sep. 2023 is calculated as
* 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 (Mar. 2024) net income data.
ROE % is displayed in the 30-year financial page.
KAL Group (JSE:KAL) 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:
Note:
The net income data used here is two times the semi-annual (Mar. 2024) net income data. The Revenue data used here is two times the semi-annual (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.
KAL Group ROE % Related Terms
Thank you for viewing the detailed overview of KAL Group's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kaap Agri Ltd engages in the retail and trading of agricultural, and fuel, and related products. Its segments include the Agrimark segment which derives the majority of its revenue provides a range of production inputs, mechanization equipment and services, and other goods to agricultural producers as well as the public, The Retail Fuel and Convenience provides a full retail fuel offering to a diverse range of customers, including a convenience store and quick service restaurant outlets; Agrimark Grain segment includes the sale of grain products and provides a complete range of services including storage and handling of grain products and the Manufacturing segment manufactures and sells dripper pipe, other irrigation equipment, food-grade plastic bulk bins for the agricultural market.
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