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Apollo Food Holdings Bhd (XKLS:6432) ROE % : 47.02% (As of Jan. 2024)


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What is Apollo Food Holdings Bhd ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Apollo Food Holdings Bhd's annualized net income for the quarter that ended in Jan. 2024 was RM121.0 Mil. Apollo Food Holdings Bhd's average Total Stockholders Equity over the quarter that ended in Jan. 2024 was RM257.2 Mil. Therefore, Apollo Food Holdings Bhd's annualized ROE % for the quarter that ended in Jan. 2024 was 47.02%.

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

XKLS:6432' s ROE % Range Over the Past 10 Years
Min: 4.3   Med: 7.18   Max: 22.19
Current: 22.19

During the past 13 years, Apollo Food Holdings Bhd's highest ROE % was 22.19%. The lowest was 4.30%. And the median was 7.18%.

XKLS:6432's ROE % is ranked better than
88.07% of 1828 companies
in the Consumer Packaged Goods industry
Industry Median: 6.65 vs XKLS:6432: 22.19

Apollo Food Holdings Bhd ROE % Historical Data

The historical data trend for Apollo Food Holdings 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.

Apollo Food Holdings Bhd ROE % Chart

Apollo Food Holdings Bhd Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.13 5.83 7.23 4.30 13.60

Apollo Food Holdings Bhd Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 18.31 11.58 12.61 15.85 47.02

Competitive Comparison of Apollo Food Holdings Bhd's ROE %

For the Confectioners subindustry, Apollo Food Holdings 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.


Apollo Food Holdings Bhd's ROE % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Apollo Food Holdings Bhd's ROE % distribution charts can be found below:

* The bar in red indicates where Apollo Food Holdings Bhd's ROE % falls into.



Apollo Food Holdings Bhd ROE % Calculation

Apollo Food Holdings Bhd's annualized ROE % for the fiscal year that ended in Apr. 2023 is calculated as

ROE %=Net Income (A: Apr. 2023 )/( (Total Stockholders Equity (A: Apr. 2022 )+Total Stockholders Equity (A: Apr. 2023 ))/ count )
=31.648/( (226.861+238.51)/ 2 )
=31.648/232.6855
=13.60 %

Apollo Food Holdings Bhd's annualized ROE % for the quarter that ended in Jan. 2024 is calculated as

ROE %=Net Income (Q: Jan. 2024 )/( (Total Stockholders Equity (Q: Oct. 2023 )+Total Stockholders Equity (Q: Jan. 2024 ))/ count )
=120.952/( (256.1+258.338)/ 2 )
=120.952/257.219
=47.02 %

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


Apollo Food Holdings Bhd  (XKLS:6432) 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: Jan. 2024 )
=Net Income/Total Stockholders Equity
=120.952/257.219
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(120.952 / 295.416)*(295.416 / 284.2545)*(284.2545 / 257.219)
=Net Margin %*Asset Turnover*Equity Multiplier
=40.94 %*1.0393*1.1051
=ROA %*Equity Multiplier
=42.55 %*1.1051
=47.02 %

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: Jan. 2024 )
=Net Income/Total Stockholders Equity
=120.952/257.219
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (120.952 / 136.316) * (136.316 / 55.644) * (55.644 / 295.416) * (295.416 / 284.2545) * (284.2545 / 257.219)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8873 * 2.4498 * 18.84 % * 1.0393 * 1.1051
=47.02 %

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


Apollo Food Holdings Bhd ROE % Related Terms

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Apollo Food Holdings Bhd (XKLS:6432) Business Description

Traded in Other Exchanges
N/A
Address
No. 70, Jalan Langkasuka, Larkin Industrial Area, Johor Bahru, JHR, MYS, 80350
Apollo Food Holdings Bhd is engaged in investment holding and provision of management services. It is involved in the manufacturing of compound chocolate confectionery products and layer cakes. The company's operating segment includes Investment holding and Manufacturing, marketing and distribution. It generates maximum revenue from the Manufacturing, marketing and distribution segment. Geographically, it derives a majority of revenue from Malaysia and also has a presence in Asean and Others Countries.

Apollo Food Holdings Bhd (XKLS:6432) Headlines

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