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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Nordicus Partners's annualized net income for the quarter that ended in Dec. 2023 was $-0.30 Mil. Nordicus Partners's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $1.74 Mil. Therefore, Nordicus Partners's annualized ROE % for the quarter that ended in Dec. 2023 was -17.27%.
The historical rank and industry rank for Nordicus Partners's ROE % or its related term are showing as below:
During the past 2 years, Nordicus Partners's highest ROE % was -147.18%. The lowest was -7,598.21%. And the median was -3,872.70%.
The historical data trend for Nordicus Partners'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.
Nordicus Partners Annual Data | |||||
Trend | Mar22 | Mar23 | |||
ROE % | -147.18 | -7,598.21 |
Nordicus Partners Quarterly Data | ||||||||
Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROE % | Get a 7-Day Free Trial | - | -36,285.71 | -17.88 | -22.62 | -17.27 |
For the Consulting Services subindustry, Nordicus Partners'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.
For the Business Services industry and Industrials sector, Nordicus Partners's ROE % distribution charts can be found below:
* The bar in red indicates where Nordicus Partners's ROE % falls into.
Nordicus Partners'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 ) |
= | -8.472 | / | ( (0.195 | + | 0.028) | / 2 ) | |
= | -8.472 | / | 0.1115 | ||||
= | -7,598.21 % |
Nordicus Partners'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 ) |
= | -0.3 | / | ( (1.74 | + | 1.735) | / 2 ) | |
= | -0.3 | / | 1.7375 | ||||
= | -17.27 % |
* 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.
Nordicus Partners (OTCPK:NORD) 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 | ||
= | -0.3 | / | 1.7375 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-0.3 / 0) | * | (0 / 1.782) | * | (1.782 / 1.7375) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | N/A % | * | 0 | * | 1.0256 |
= | ROA % | * | Equity Multiplier | ||
= | N/A % | * | 1.0256 | ||
= | -17.27 % |
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 | ||||||
= | -0.3 | / | 1.7375 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-0.3 / -0.3) | * | (-0.3 / -0.3) | * | (-0.3 / 0) | * | (0 / 1.782) | * | (1.782 / 1.7375) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1 | * | 1 | * | N/A % | * | 0 | * | 1.0256 |
= | -17.27 % |
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.
Thank you for viewing the detailed overview of Nordicus Partners's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Partners Aps Gk | 10 percent owner | MESTERLODDEN 3B, GENTOFTE G7 2820 |
Henrik Rouf | 10 percent owner | 468 N. CAMDEN DR., SUITE 350, BEVERLY HILLS CA 90210 |
Henrik Oerbekker | 10 percent owner | 94, RUE DES AUBEPINES, L-1145, LUXEMBOURG N4 2449 |
Khristine L Carroll | officer: EVP Commercial Operations | 229 ANDOVER STREET, WILMINGTON MA 01887 |
Mark R Tauscher | director | |
Oneill William J Jr | director | 4000 HOLLYWOOD BLVD STE 650N, HOLLYWOOD FL 33021 |
Michael L Barretti | director | 78 E OLYMPIA AVE, C/O CARDIO TECH INTERNATIONAL INC, WOBURN MA 01810-2057 |
Michael F Adams | director, officer: Chief Executive Officer | 78 E OLYMPIA AVE, C/O CARDIO TECH INTERNATIONAL INC, WOBURN MA 01810-2057 |
David Crispino Volpe | officer: Chief Financial Officer | 235 STONEBRIDGE DRIVE, NASHUA NH 03063 |
Eric G Walters | officer: Vice President and CFO | C/O MFIC CORP, 30 OSSIPEE RD., NEWTON MA 02464 |
Andrew Martin Reed | officer: VP of Science and Technology | 12106 WEST 75TH LANE, ARVADA CO 80005 |
Philip Alan Beck | other: General manager | 1230 CREEKSIDE CROSSING, STILLWATER MN 55082 |
Jeremiah E Dorsey | director | P.O. BOX 910, QUECHEE VT 05059 |
Leslie M Taeger | officer: CFO | |
Douglas E Whittaker | officer: President Gish Biomedical |
From GuruFocus
By Marketwired • 06-21-2023
By sperokesalga sperokesalga • 05-22-2023
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