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Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) ROE % : 54.45% (As of Dec. 2023)


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What is Chesapeake Granite Wash Trust ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Chesapeake Granite Wash Trust's annualized net income for the quarter that ended in Dec. 2023 was $5.62 Mil. Chesapeake Granite Wash Trust's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $10.32 Mil. Therefore, Chesapeake Granite Wash Trust's annualized ROE % for the quarter that ended in Dec. 2023 was 54.45%.

The historical rank and industry rank for Chesapeake Granite Wash Trust's ROE % or its related term are showing as below:

CHKR' s ROE % Range Over the Past 10 Years
Min: 19.43   Med: 38.4   Max: 117.74
Current: 76.85

During the past 13 years, Chesapeake Granite Wash Trust's highest ROE % was 117.74%. The lowest was 19.43%. And the median was 38.40%.

CHKR's ROE % is ranked better than
95.57% of 1016 companies
in the Oil & Gas industry
Industry Median: 7.84 vs CHKR: 76.85

Chesapeake Granite Wash Trust ROE % Historical Data

The historical data trend for Chesapeake Granite Wash Trust'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.

Chesapeake Granite Wash Trust ROE % Chart

Chesapeake Granite Wash Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.04 19.43 53.64 117.74 76.55

Chesapeake Granite Wash Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 125.46 132.65 87.04 31.96 54.45

Competitive Comparison of Chesapeake Granite Wash Trust's ROE %

For the Oil & Gas E&P subindustry, Chesapeake Granite Wash Trust'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.


Chesapeake Granite Wash Trust's ROE % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Chesapeake Granite Wash Trust's ROE % distribution charts can be found below:

* The bar in red indicates where Chesapeake Granite Wash Trust's ROE % falls into.



Chesapeake Granite Wash Trust ROE % Calculation

Chesapeake Granite Wash Trust'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 )
=8.048/( (10.822+10.204)/ 2 )
=8.048/10.513
=76.55 %

Chesapeake Granite Wash Trust'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 )
=5.62/( (10.439+10.204)/ 2 )
=5.62/10.3215
=54.45 %

* 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 (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Chesapeake Granite Wash Trust  (OTCPK:CHKR) 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
=5.62/10.3215
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5.62 / 7.724)*(7.724 / 10.3215)*(10.3215 / 10.3215)
=Net Margin %*Asset Turnover*Equity Multiplier
=72.76 %*0.7483*1
=ROA %*Equity Multiplier
=54.45 %*1
=54.45 %

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: Dec. 2023 )
=Net Income/Total Stockholders Equity
=5.62/10.3215
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (5.62 / 5.62) * (5.62 / 5.62) * (5.62 / 7.724) * (7.724 / 10.3215) * (10.3215 / 10.3215)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 1 * 72.76 % * 0.7483 * 1
=54.45 %

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.


Chesapeake Granite Wash Trust ROE % Related Terms

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Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) Business Description

Traded in Other Exchanges
N/A
Address
601 Travis Street, Floor 16, Houston, TX, USA, 77002
Chesapeake Granite Wash Trust is a statutory trust which is formed to own the royalty interests for the benefit of trust unitholders. The Royalty Interests are derived from Chesapeake Energy Corporation's interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of western Oklahoma. The trust also has an interest in producing Wells and the development Wells. Majority revenue of the company comes from oil, natural gas and NGL.
Executives
Chesapeake Energy Corp 10 percent owner 6100 NORTH WESTERN AVE, OKLAHOMA CITY OK 73118
Chesapeake Exploration Llc 10 percent owner 6100 N. WESTERN AVENUE, PO BOX 18496, OKC OK 73154-0496

Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) Headlines