GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Income & Growth VCT (The) PLC (LSE:IGV) » Definitions » ROE %

Income & Growth VCT (The) (LSE:IGV) ROE % : -24.37% (As of Sep. 2022)


View and export this data going back to 2000. Start your Free Trial

What is Income & Growth VCT (The) ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Income & Growth VCT (The)'s annualized net income for the quarter that ended in Sep. 2022 was £-28.76 Mil. Income & Growth VCT (The)'s average Total Stockholders Equity over the quarter that ended in Sep. 2022 was £118.03 Mil. Therefore, Income & Growth VCT (The)'s annualized ROE % for the quarter that ended in Sep. 2022 was -24.37%.

The historical rank and industry rank for Income & Growth VCT (The)'s ROE % or its related term are showing as below:

LSE:IGV' s ROE % Range Over the Past 10 Years
Min: -9.85   Med: 6.36   Max: 41.4
Current: -9.69

During the past 13 years, Income & Growth VCT (The)'s highest ROE % was 41.40%. The lowest was -9.85%. And the median was 6.36%.

LSE:IGV's ROE % is ranked worse than
83.96% of 1702 companies
in the Asset Management industry
Industry Median: 4.61 vs LSE:IGV: -9.69

Income & Growth VCT (The) ROE % Historical Data

The historical data trend for Income & Growth VCT (The)'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.

Income & Growth VCT (The) ROE % Chart

Income & Growth VCT (The) Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.12 13.52 41.40 -9.85 4.75

Income & Growth VCT (The) Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 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 59.74 22.03 5.15 -24.37 -

Competitive Comparison of Income & Growth VCT (The)'s ROE %

For the Asset Management subindustry, Income & Growth VCT (The)'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.


Income & Growth VCT (The)'s ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Income & Growth VCT (The)'s ROE % distribution charts can be found below:

* The bar in red indicates where Income & Growth VCT (The)'s ROE % falls into.



Income & Growth VCT (The) ROE % Calculation

Income & Growth VCT (The)'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 )
=5.486/( (108.415+122.778)/ 2 )
=5.486/115.5965
=4.75 %

Income & Growth VCT (The)'s annualized ROE % for the quarter that ended in Sep. 2022 is calculated as

ROE %=Net Income (Q: Sep. 2022 )/( (Total Stockholders Equity (Q: Mar. 2022 )+Total Stockholders Equity (Q: Sep. 2022 ))/ count )
=-28.764/( (127.653+108.415)/ 2 )
=-28.764/118.034
=-24.37 %

* 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. 2022) net income data. ROE % is displayed in the 30-year financial page.


Income & Growth VCT (The)  (LSE:IGV) 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. 2022 )
=Net Income/Total Stockholders Equity
=-28.764/118.034
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-28.764 / -28.246)*(-28.246 / 118.6685)*(118.6685 / 118.034)
=Net Margin %*Asset Turnover*Equity Multiplier
=101.83 %*-0.238*1.0054
=ROA %*Equity Multiplier
=-24.24 %*1.0054
=-24.37 %

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. 2022 )
=Net Income/Total Stockholders Equity
=-28.764/118.034
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-28.764 / -28.764) * (-28.764 / -28.246) * (-28.246 / 118.6685) * (118.6685 / 118.034)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 101.83 % * -0.238 * 1.0054
=-24.37 %

Note: The net income data used here is two times the semi-annual (Sep. 2022) net income data. The Revenue data used here is two times the semi-annual (Sep. 2022) 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.


Income & Growth VCT (The) ROE % Related Terms

Thank you for viewing the detailed overview of Income & Growth VCT (The)'s ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Income & Growth VCT (The) (LSE:IGV) Business Description

Traded in Other Exchanges
N/A
Address
5 New Street, London, GBR, EC4A 3TW
Income & Growth VCT (The) PLC operates as a venture capital trust (VCT). The company's objective is to provide investors with an attractive return by maximizing the stream of tax-free dividend distributions from the income and capital gains generated by a diverse and carefully selected portfolio of investments. It invests in a diverse portfolio of United Kingdom unquoted companies. The company's portfolio of investment includes various sectors such as pharmaceuticals and biotechnology, Industrial engineering, Personal goods, Healthcare equipment and services, Construction and materials, Leisure goods, General industrials, Media, Software and computer services, General retailers and Support services.

Income & Growth VCT (The) (LSE:IGV) Headlines

From GuruFocus

Polar Asset Management Partners Inc. Buys 4, Sells 1 in 1st Quarter

By GuruFocus Research GuruFocus Editor 05-18-2022

Top 5 2nd Quarter Trades of GPS Wealth Strategies Group, LLC

By GuruFocus Research GuruFocus Editor 07-19-2022

Top 5 4th Quarter Trades of United Asset Strategies, Inc.

By GuruFocus Research GuruFocus Editor 01-27-2023

United Asset Strategies, Inc. Buys 1, Sells 4 in 3rd Quarter

By GuruFocus Research GuruFocus Editor 10-25-2022