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Synergy House Bhd (XKLS:0279) ROE % : 34.72% (As of Mar. 2024)


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What is Synergy House Bhd ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Synergy House Bhd's annualized net income for the quarter that ended in Mar. 2024 was RM36.1 Mil. Synergy House Bhd's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was RM103.8 Mil. Therefore, Synergy House Bhd's annualized ROE % for the quarter that ended in Mar. 2024 was 34.72%.

The historical rank and industry rank for Synergy House Bhd's ROE % or its related term are showing as below:

XKLS:0279' s ROE % Range Over the Past 10 Years
Min: 34.34   Med: 52.76   Max: 62.61
Current: 34.34

During the past 5 years, Synergy House Bhd's highest ROE % was 62.61%. The lowest was 34.34%. And the median was 52.76%.

XKLS:0279's ROE % is ranked better than
96.85% of 413 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 6.2 vs XKLS:0279: 34.34

Synergy House Bhd ROE % Historical Data

The historical data trend for Synergy House Bhd'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.

Synergy House Bhd ROE % Chart

Synergy House Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
58.94 62.61 52.76 41.20 36.89

Synergy House Bhd Quarterly Data
Dec19 Dec20 Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROE % Get a 7-Day Free Trial Premium Member Only 22.60 28.32 35.26 41.84 34.72

Competitive Comparison of Synergy House Bhd's ROE %

For the Furnishings, Fixtures & Appliances subindustry, Synergy House Bhd'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.


Synergy House Bhd's ROE % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Synergy House Bhd's ROE % distribution charts can be found below:

* The bar in red indicates where Synergy House Bhd's ROE % falls into.



Synergy House Bhd ROE % Calculation

Synergy House Bhd's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=27.148/( (46.35+100.819)/ 2 )
=27.148/73.5845
=36.89 %

Synergy House Bhd's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as

ROE %=Net Income (Q: Mar. 2024 )/( (Total Stockholders Equity (Q: Dec. 2023 )+Total Stockholders Equity (Q: Mar. 2024 ))/ count )
=36.052/( (100.819+106.832)/ 2 )
=36.052/103.8255
=34.72 %

* 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. 2024) net income data. ROE % is displayed in the 30-year financial page.


Synergy House Bhd  (XKLS:0279) 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. 2024 )
=Net Income/Total Stockholders Equity
=36.052/103.8255
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(36.052 / 334.708)*(334.708 / 221.0795)*(221.0795 / 103.8255)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.77 %*1.514*2.1293
=ROA %*Equity Multiplier
=16.31 %*2.1293
=34.72 %

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. 2024 )
=Net Income/Total Stockholders Equity
=36.052/103.8255
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (36.052 / 49.04) * (49.04 / 45.272) * (45.272 / 334.708) * (334.708 / 221.0795) * (221.0795 / 103.8255)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7352 * 1.0832 * 13.53 % * 1.514 * 2.1293
=34.72 %

Note: The net income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (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.


Synergy House Bhd ROE % Related Terms

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Synergy House Bhd (XKLS:0279) Business Description

Traded in Other Exchanges
N/A
Address
No. 16, Persiaran Setia Dagang, Lot 18.A & 18.B & Lot 19.A, Level 18 & 19, Top Glove Tower, Seksyen U13, Bandar Setia Alam, Shah Alam, SGR, MYS, 40170
Synergy House Bhd is an investment holding company and through its Subsidiaries, It is principally involved in the design, development and sale of RTA home furniture. RTA a home furniture is a form of furniture where furniture parts are in flat-packed form for ease of storage and transportation. RTA home furniture requires customers to assemble themselves upon purchase. It sells its RTA home furniture to online retailers, chain-store retailers, and wholesalers via a B2B sales model, as well as directly to end-consumers through Its in-house online store and third-party e-commerce platforms via a B2C sales model.

Synergy House Bhd (XKLS:0279) Headlines

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