ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. China Vanke Co's annualized net income for the quarter that ended in Dec. 2023 was ¥-5,835 Mil. China Vanke Co's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was ¥251,846 Mil. Therefore, China Vanke Co's annualized ROE % for the quarter that ended in Dec. 2023 was -2.32%.
The historical rank and industry rank for China Vanke Co's ROE % or its related term are showing as below:
SZSE:000002'
s ROE % Range Over the Past 10 Years
Min: 4.9 Med: 19.46 Max: 23.42
Current: 4.9
During the past 13 years, China Vanke Co's highest ROE % was 23.42%. The lowest was 4.90%. And the median was 19.46%.
SZSE:000002's ROE % is ranked better than 59.45% of 1778
companies
in the Real Estate industry
Industry Median: 2.95
vs SZSE:000002: 4.90
China Vanke Co ROE % Historical Data
The historical data trend for China Vanke Co'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.
For the Real Estate - Development subindustry, China Vanke Co'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.
China Vanke Co's ROE % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, China Vanke Co's ROE % distribution charts can be found below:
* The bar in red indicates where China Vanke Co's ROE % falls into.
China Vanke Co ROE % Calculation
China Vanke Co's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
China Vanke Co (SZSE:000002) 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:
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.
China Vanke Co ROE % Related Terms
Thank you for viewing the detailed overview of China Vanke Co's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.
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