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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Pine Technology Acquisition's annualized net income for the quarter that ended in Sep. 2022 was $4.55 Mil. Pine Technology Acquisition's average Total Stockholders Equity over the quarter that ended in Sep. 2022 was $332.32 Mil. Therefore, Pine Technology Acquisition's annualized ROE % for the quarter that ended in Sep. 2022 was 1.37%.
The historical rank and industry rank for Pine Technology Acquisition's ROE % or its related term are showing as below:
During the past 2 years, Pine Technology Acquisition's highest ROE % was 4.53%. The lowest was -1.07%. And the median was -1.07%.
The historical data trend for Pine Technology Acquisition'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.
Pine Technology Acquisition Annual Data | |||||
Trend | Dec20 | Dec21 | |||
ROE % | - | -1.07 |
Pine Technology Acquisition Quarterly Data | ||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
ROE % | Get a 7-Day Free Trial | 1.78 | -10.70 | 25.29 | 2.11 | 1.37 |
For the Shell Companies subindustry, Pine Technology Acquisition'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 Diversified Financial Services industry and Financial Services sector, Pine Technology Acquisition's ROE % distribution charts can be found below:
* The bar in red indicates where Pine Technology Acquisition's ROE % falls into.
Pine Technology Acquisition's annualized ROE % for the fiscal year that ended in Dec. 2021 is calculated as
ROE % | = | Net Income (A: Dec. 2021 ) | / | ( (Total Stockholders Equity (A: Dec. 2020 ) | + | Total Stockholders Equity (A: Dec. 2021 )) | / count ) |
= | -1.662 | / | ( (0.023 | + | 309.776) | / 2 ) | |
= | -1.662 | / | 154.8995 | ||||
= | -1.07 % |
Pine Technology Acquisition's annualized ROE % for the quarter that ended in Sep. 2022 is calculated as
ROE % | = | Net Income (Q: Sep. 2022 ) | / | ( (Total Stockholders Equity (Q: Jun. 2022 ) | + | Total Stockholders Equity (Q: Sep. 2022 )) | / count ) |
= | 4.552 | / | ( (331.747 | + | 332.884) | / 2 ) | |
= | 4.552 | / | 332.3155 | ||||
= | 1.37 % |
* 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 four times the quarterly (Sep. 2022) net income data. ROE % is displayed in the 30-year financial page.
Pine Technology Acquisition (NAS:PTOCU) 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 | ||
= | 4.552 | / | 332.3155 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (4.552 / 0) | * | (0 / 347.5735) | * | (347.5735 / 332.3155) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | N/A % | * | 0 | * | 1.0459 |
= | ROA % | * | Equity Multiplier | ||
= | N/A % | * | 1.0459 | ||
= | 1.37 % |
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 | ||||||
= | 4.552 | / | 332.3155 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (4.552 / 6.016) | * | (6.016 / -1.408) | * | (-1.408 / 0) | * | (0 / 347.5735) | * | (347.5735 / 332.3155) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.7566 | * | -4.2727 | * | N/A % | * | 0 | * | 1.0459 |
= | 1.37 % |
Note: The net income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (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.
Thank you for viewing the detailed overview of Pine Technology Acquisition's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ciro M Defalco | officer: CFO, Treasurer and Secretary | C/O THE NAVIGATORS GROUP, INC., 6 INTERNATIONAL DRIVE, RYE BROOK NY 10573 |
Stone Point Capital Llc | 10 percent owner | 20 HORSENECK LANE, GREENWICH CT 06830 |
Barry D Zyskind | 10 percent owner | C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038 |
Christopher Longo | director, officer: CEO and Director | 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038 |
Adam Karkowsky | director | C/O AMTRUST FINANCIAL SERVICES INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038 |
Bradley Tusk | director | 251 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10010 |
Nicolas D Zerbib | director | JAMES RIVER GROUP, INC., 1414 RALEIGH ROAD, SUITE 415, CHAPEL HILL NC 27517 |
Trident Vii, L.p. | 10 percent owner | STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830 |
Trident Vii Parallel Fund, L.p. | 10 percent owner | STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830 |
Pine Technology Sponsor Llc | director, 10 percent owner | C/O PINE TECHNOLOGY ACQUISITION CORP., 260 LENA DRIVE, AURORA OH 44202 |
Trident Pine Acquisition Lp | 10 percent owner | C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830 |
John Eric Smith | director | 260 LENA DRIVE, AURORA OH 44202 |
Peel Acquisition Co Ii, Llc | 10 percent owner | C/O PINE TECHNOLOGY ACQUISITION CORP., 260 LENA DRIVE, AURORA OH 44202 |
Trident Pine Gp, Llc | 10 percent owner | C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830 |
Trident Capital Vii, L.p. | 10 percent owner | C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830 |
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