Caravelle International Group (Caravelle International Group) ROE % : 37.82% (As of Apr. 2023)

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What is Caravelle International Group ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Caravelle International Group's annualized net income for the quarter that ended in Apr. 2023 was $1.5 Mil. Caravelle International Group's average Total Stockholders Equity over the quarter that ended in Apr. 2023 was $3.9 Mil. Therefore, Caravelle International Group's annualized ROE % for the quarter that ended in Apr. 2023 was 37.82%.

The historical rank and industry rank for Caravelle International Group's ROE % or its related term are showing as below:

CACO' s ROE % Range Over the Past 10 Years
Min: 40.69 Med: 5239.02 Max: Negative Equity
Current: 40.69

During the past 3 years, Caravelle International Group's highest ROE % was Negative Equity%. The lowest was 40.69%. And the median was 5,239.02%.

CACO's ROE % is ranked better than
92.4% of 947 companies
in the Transportation industry
Industry Median: 8.39 vs CACO: 40.69

Caravelle International Group ROE % Historical Data

The historical data trend for Caravelle International 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.

* Premium members only.

Caravelle International Group ROE % Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

ROE %

Negative Equity

478.04

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
ROE %	Get a 7-Day Free Trial			Negative Equity	1,701.37	425.44	45.82	37.82

Competitive Comparison of Caravelle International Group's ROE %

For the Marine Shipping subindustry, Caravelle International 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.

Caravelle International Group's ROE % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Caravelle International Group's ROE % distribution charts can be found below:

* The bar in red indicates where Caravelle International Group's ROE % falls into.

Caravelle International Group ROE % Calculation

Caravelle International Group's annualized ROE % for the fiscal year that ended in Oct. 2022 is calculated as

ROE %	=	Net Income (A: Oct. 2022 )	/	( (Total Stockholders Equity (A: Oct. 2021 )	+	Total Stockholders Equity (A: Oct. 2022 ))	/ count )
	=	12.233	/	( (0.584	+	4.534)	/ 2 )
	=	12.233	/	2.559
	=	478.04 %

Caravelle International Group's annualized ROE % for the quarter that ended in Apr. 2023 is calculated as

ROE %	=	Net Income (Q: Apr. 2023 )	/	( (Total Stockholders Equity (Q: Oct. 2022 )	+	Total Stockholders Equity (Q: Apr. 2023 ))	/ count )
	=	1.476	/	( (4.534	+	3.272)	/ 2 )
	=	1.476	/	3.903
	=	37.82 %

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

Caravelle International Group (NAS:CACO) 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: Apr. 2023 )
=	Net Income	/	Total Stockholders Equity
=	1.476	/	3.903
=	(Net Income / Revenue )	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(1.476 / 90.204)	*	(90.204 / 34.333)	*	(34.333 / 3.903)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	1.64 %	*	2.6273	*	8.7966
=	ROA %	*	Equity Multiplier
=	4.31 %	*	8.7966
=	37.82 %

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: Apr. 2023 )
=	Net Income	/	Total Stockholders Equity
=	1.476	/	3.903
=	(Net Income / Pre-Tax Income)	*	(Pre-Tax Income / Operating Income)	*	(Operating Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(1.476 / 2.7)	*	(2.7 / 2.73)	*	(2.73 / 90.204)	*	(90.204 / 34.333)	*	(34.333 / 3.903)
=	Tax Burden	*	Interest Burden	*	Operating Margin %	*	Asset Turnover	*	Equity Multiplier
=	0.5467	*	0.989	*	3.03 %	*	2.6273	*	8.7966
=	37.82 %

Note: The net income data used here is two times the semi-annual (Apr. 2023) net income data. The Revenue data used here is two times the semi-annual (Apr. 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.

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.

Caravelle International Group ROE % Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » ROE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.