GRCYF has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
GRCYF has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Greencity Acquisition's annualized net income for the quarter that ended in Dec. 2022 was $-0.06 Mil. Greencity Acquisition's average Total Stockholders Equity over the quarter that ended in Dec. 2022 was $20.16 Mil. Therefore, Greencity Acquisition's annualized ROE % for the quarter that ended in Dec. 2022 was -0.30%.
The historical rank and industry rank for Greencity Acquisition's ROE % or its related term are showing as below:
The historical data trend for Greencity Acquisition'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.
Greencity Acquisition Annual Data | |||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | ||||||
ROE % | - | -242.11 | -12.64 | 3.59 | 3.02 |
Greencity Acquisition Quarterly Data | |||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
ROE % | Get a 7-Day Free Trial | -0.60 | 2.78 | 2.05 | 1.75 | -0.30 |
For the Shell Companies subindustry, Greencity Acquisition'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.
For the Diversified Financial Services industry and Financial Services sector, Greencity Acquisition's ROE % distribution charts can be found below:
* The bar in red indicates where Greencity Acquisition's ROE % falls into.
Greencity Acquisition's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as
ROE % | = | Net Income (A: Dec. 2022 ) | / | ( (Total Stockholders Equity (A: Dec. 2021 ) | + | Total Stockholders Equity (A: Dec. 2022 )) | / count ) |
= | 0.612 | / | ( (38.129 | + | 2.384) | / 2 ) | |
= | 0.612 | / | 20.2565 | ||||
= | 3.02 % |
Greencity Acquisition's annualized ROE % for the quarter that ended in Dec. 2022 is calculated as
ROE % | = | Net Income (Q: Dec. 2022 ) | / | ( (Total Stockholders Equity (Q: Sep. 2022 ) | + | Total Stockholders Equity (Q: Dec. 2022 )) | / count ) |
= | -0.06 | / | ( (37.94 | + | 2.384) | / 2 ) | |
= | -0.06 | / | 20.162 | ||||
= | -0.30 % |
* 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. 2022) net income data. ROE % is displayed in the 30-year financial page.
Greencity Acquisition (OTCPK:GRCYF) 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. 2022 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -0.06 | / | 20.162 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-0.06 / 0) | * | (0 / 24.3525) | * | (24.3525 / 20.162) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | N/A % | * | 0 | * | 1.2078 |
= | ROA % | * | Equity Multiplier | ||
= | N/A % | * | 1.2078 | ||
= | -0.30 % |
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. 2022 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | -0.06 | / | 20.162 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-0.06 / -0.06) | * | (-0.06 / -0.728) | * | (-0.728 / 0) | * | (0 / 24.3525) | * | (24.3525 / 20.162) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1 | * | 0.0824 | * | N/A % | * | 0 | * | 1.2078 |
= | -0.30 % |
Note: The net income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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.
Thank you for viewing the detailed overview of Greencity Acquisition's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hudson Bay Capital Management Lp | 10 percent owner | 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830 |
Sander Gerber | 10 percent owner | C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830 |
Lawrence Feis | 10 percent owner | 190 EAST WALTON PLACE, UNIT 603, CHICAGO IL 60611 |
Feis Equities Llc | 10 percent owner | 20 NORTH WACKER DRIVE, SUITE 2115, CHICAGO IL 60606 |
Glazer Capital, Llc | 10 percent owner | 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019 |
Paul J Glazer | 10 percent owner | 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019 |
Lei Wang | director | 2609 MONTE CRESTA DRIVE, BELMONT CA 94002 |
Cynthia Management Corp | 10 percent owner | SUITE 807 TOWER 2 CENTURY LINK PLAZA, NO. 1196 CENTURY AVENUE, PUDONG DISTRICT F4 200000 |
Jianmin Yu | 10 percent owner, officer: CFO | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Jinlong Liu | director, 10 percent owner | 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
Chao Liu | director | 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
Ming Zhang | officer: CEO | 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
Yong Li | director | 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
From GuruFocus
By PRNewswire PRNewswire • 05-23-2023
By PRNewswire PRNewswire • 11-24-2022
By PRNewswire PRNewswire • 08-09-2021
By Marketwired Marketwired • 08-27-2020
By PRNewswire PRNewswire • 04-21-2023
By PRNewswire PRNewswire • 04-25-2023
By PRNewswire PRNewswire • 07-26-2021
By Marketwired Marketwired • 07-28-2020
By PRNewswire PRNewswire • 10-28-2022
By PRNewswire PRNewswire • 04-19-2022
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.