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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Vision Energy's annualized net income for the quarter that ended in Mar. 2023 was $-6.50 Mil. Vision Energy's average Total Stockholders Equity over the quarter that ended in Mar. 2023 was $3.29 Mil. Therefore, Vision Energy's annualized ROE % for the quarter that ended in Mar. 2023 was -197.45%.
The historical rank and industry rank for Vision Energy's ROE % or its related term are showing as below:
The historical data trend for Vision Energy'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.
Vision Energy Annual Data | |||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||
ROE % | Get a 7-Day Free Trial | -50.39 | -56.51 | -598.31 | - | -815.32 |
Vision Energy Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
ROE % | Get a 7-Day Free Trial | - | -2,018.17 | -45.51 | -121.74 | -197.45 |
For the Utilities - Renewable subindustry, Vision Energy'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 Utilities - Independent Power Producers industry and Utilities sector, Vision Energy's ROE % distribution charts can be found below:
* The bar in red indicates where Vision Energy's ROE % falls into.
Vision Energy's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as
ROE % | = | Net Income (A: Dec. 2022 ) | / | ( (Total Stockholders Equity (A: Dec. 2021 ) | + | Total Stockholders Equity (A: Dec. 2022 )) | / count ) |
= | -15.862 | / | ( (-0.218 | + | 4.109) | / 2 ) | |
= | -15.862 | / | 1.9455 | ||||
= | -815.32 % |
Vision Energy's annualized ROE % for the quarter that ended in Mar. 2023 is calculated as
ROE % | = | Net Income (Q: Mar. 2023 ) | / | ( (Total Stockholders Equity (Q: Dec. 2022 ) | + | Total Stockholders Equity (Q: Mar. 2023 )) | / count ) |
= | -6.504 | / | ( (4.109 | + | 2.479) | / 2 ) | |
= | -6.504 | / | 3.294 | ||||
= | -197.45 % |
* 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 (Mar. 2023) net income data. ROE % is displayed in the 30-year financial page.
Vision Energy (OTCPK:VENG) 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: Mar. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -6.504 | / | 3.294 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-6.504 / 0) | * | (0 / 3.4575) | * | (3.4575 / 3.294) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | N/A % | * | 0 | * | 1.0496 |
= | ROA % | * | Equity Multiplier | ||
= | N/A % | * | 1.0496 | ||
= | -197.45 % |
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: Mar. 2023 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | -6.504 | / | 3.294 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-6.504 / -6.504) | * | (-6.504 / -6.504) | * | (-6.504 / 0) | * | (0 / 3.4575) | * | (3.4575 / 3.294) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1 | * | 1 | * | N/A % | * | 0 | * | 1.0496 |
= | -197.45 % |
Note: The net income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 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 Vision Energy's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew Hromyk | director, officer: Co-Chief Executive Officer | |
Andre Jurres | director, officer: Co-Chief Executive Officer | RIJTUIGWEG 44, EL BERGEN-OP-ZOOM P7 4611 |
Arron Smyth | officer: Exec VP of Corp Dev | 6 CHARLWOOD DRIVE, OXSHOTT X0 KT22 0HD |
Andy Hidalgo | director, 10 percent owner, officer: President and CEO | 140 SOUTH VILLAGE AVE, EXTON PA 19341 |
Judd Brammah | director, 10 percent owner | C/O VISION HYDROGEN CORPORATION, 95 CHRISTOPHER COLUMBUS DRIVE, 16TH FL, JERSEY CITY NJ 07302 |
Turquino Equity, Llc | 10 percent owner | C/O H/CELL ENERGY CORPORATION, 97 RIVER ROAD, FLEMINGTON NJ 08822 |
Matthew Hidalgo | 10 percent owner, officer: Chief Financial Officer | C/O H/CELL ENERGY CORPORATION, 97 RIVER ROAD, FLEMINGTON NJ 08822 |
Benis Paul V. Jr. | officer: Executive Vice President | C/O H/CELL ENERGY CORPORATION, 97 RIVER ROAD, FLEMINGTON, NJ 08822 |
Stephen Paul Mullane & Marie Louise Mullane As Trustee Of The Mullane Family Trust | 10 percent owner | 1/40 WILSON AVENUE, WOOMBYE QLD C3 04559 |
Charles F Benton | director | 600 EAGLEVIEW BOULEVARD, SUITE 300, EXTON PA 19341 |
Michael Doyle | director | ONE EAST UWCHLAN AVENUE, SUITE 301, EXTON PA 19341 |
James Strizki | 10 percent owner, officer: EVP of Technical Services | C/O H/CELL ENERGY CORPORATION, 97 RIVER ROAD, FLEMINGTON NJ 08822 |
Michael Strizki | 10 percent owner, officer: Chief Technology Officer | C/O H/CELL ENERGY CORPORATION, 97 RIVER ROAD, FLEMINGTON NJ 08822 |
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