ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. APA Group's annualized net income for the quarter that ended in Dec. 2023 was $1,395 Mil. APA Group's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $1,670 Mil. Therefore, APA Group's annualized ROE % for the quarter that ended in Dec. 2023 was 83.53%.
The historical rank and industry rank for APA Group's ROE % or its related term are showing as below:
APAJF'
s ROE % Range Over the Past 10 Years
Min: 0.16 Med: 10.63 Max: 46.7
Current: 46.7
During the past 13 years, APA Group's highest ROE % was 46.70%. The lowest was 0.16%. And the median was 10.63%.
APAJF's ROE % is ranked better than 95.91% of 513
companies
in the Utilities - Regulated industry
Industry Median: 8.61
vs APAJF: 46.70
APA Group ROE % Historical Data
The historical data trend for APA Group'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 Utilities - Regulated Gas subindustry, APA Group'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.
APA Group's ROE % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, APA Group's ROE % distribution charts can be found below:
* The bar in red indicates where APA Group's ROE % falls into.
APA Group ROE % Calculation
APA Group's annualized ROE % for the fiscal year that ended in Jun. 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 two times the semi-annual (Dec. 2023) net income data.
ROE % is displayed in the 30-year financial page.
APA Group (OTCPK:APAJF) 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 two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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.
APA Group ROE % Related Terms
Thank you for viewing the detailed overview of APA Group's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
APA Group is Australia's largest gas infrastructure company with an extensive portfolio of transmission pipelines, distribution networks, and storage facilities, and is increasingly investing in renewable energy generation, electricity transmission, and batteries. It is internally managed and has direct operational control over all assets. It owns minority stakes in a few smaller gas infrastructure companies and manages operations for most of these. The stapled securities comprise a unit in Australian Pipeline Trust and in APT Investment Trust.
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