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Henderson Far Eastome (Henderson Far Eastome) ROE % : 15.19% (As of Feb. 2024)


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What is Henderson Far Eastome ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Henderson Far Eastome's annualized net income for the quarter that ended in Feb. 2024 was $70.27 Mil. Henderson Far Eastome's average Total Stockholders Equity over the quarter that ended in Feb. 2024 was $462.70 Mil. Therefore, Henderson Far Eastome's annualized ROE % for the quarter that ended in Feb. 2024 was 15.19%.

The historical rank and industry rank for Henderson Far Eastome's ROE % or its related term are showing as below:

QQFHF' s ROE % Range Over the Past 10 Years
Min: -14.1   Med: 4.01   Max: 27.46
Current: -2.72

During the past 13 years, Henderson Far Eastome's highest ROE % was 27.46%. The lowest was -14.10%. And the median was 4.01%.

QQFHF's ROE % is ranked worse than
77.18% of 1696 companies
in the Asset Management industry
Industry Median: 4.35 vs QQFHF: -2.72

Henderson Far Eastome ROE % Historical Data

The historical data trend for Henderson Far Eastome'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.

Henderson Far Eastome ROE % Chart

Henderson Far Eastome Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.05 -11.35 6.91 1.66 -14.56

Henderson Far Eastome Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 -0.27 3.69 -8.58 -20.30 15.19

Competitive Comparison of Henderson Far Eastome's ROE %

For the Asset Management subindustry, Henderson Far Eastome'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.


Henderson Far Eastome's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Henderson Far Eastome's ROE % distribution charts can be found below:

* The bar in red indicates where Henderson Far Eastome's ROE % falls into.



Henderson Far Eastome ROE % Calculation

Henderson Far Eastome's annualized ROE % for the fiscal year that ended in Aug. 2023 is calculated as

ROE %=Net Income (A: Aug. 2023 )/( (Total Stockholders Equity (A: Aug. 2022 )+Total Stockholders Equity (A: Aug. 2023 ))/ count )
=-71.461/( (521.648+460.015)/ 2 )
=-71.461/490.8315
=-14.56 %

Henderson Far Eastome's annualized ROE % for the quarter that ended in Feb. 2024 is calculated as

ROE %=Net Income (Q: Feb. 2024 )/( (Total Stockholders Equity (Q: Aug. 2023 )+Total Stockholders Equity (Q: Feb. 2024 ))/ count )
=70.268/( (460.015+465.375)/ 2 )
=70.268/462.695
=15.19 %

* 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 (Feb. 2024) net income data. ROE % is displayed in the 30-year financial page.


Henderson Far Eastome  (GREY:QQFHF) 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: Feb. 2024 )
=Net Income/Total Stockholders Equity
=70.268/462.695
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(70.268 / 73.854)*(73.854 / 510.581)*(510.581 / 462.695)
=Net Margin %*Asset Turnover*Equity Multiplier
=95.14 %*0.1446*1.1035
=ROA %*Equity Multiplier
=13.76 %*1.1035
=15.19 %

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: Feb. 2024 )
=Net Income/Total Stockholders Equity
=70.268/462.695
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (70.268 / 72.44) * (72.44 / 73.854) * (73.854 / 510.581) * (510.581 / 462.695)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.97 * 98.09 % * 0.1446 * 1.1035
=15.19 %

Note: The net income data used here is two times the semi-annual (Feb. 2024) net income data. The Revenue data used here is two times the semi-annual (Feb. 2024) 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.


Henderson Far Eastome ROE % Related Terms

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Henderson Far Eastome (Henderson Far Eastome) Business Description

Traded in Other Exchanges
Address
201 Bishopsgate, London, GBR, EC2M 3AE
Henderson Far East Income Ltd is a closed end investment company. Its investment objective is to provide investors with a high level of dividends as well as capital appreciation over the long term, from a diversified portfolio of investments traded on the Pacific, Australasian, Japanese, and Indian stock markets. The company mainly invests in listed equities including preference shares, debt, convertible securities, warrants and other equity related securities as well as in unlisted securities which invest in collective investment schemes. It may use derivatives and other instruments to enhance income and to protect the value of the portfolio. The company's majority of its revenue comprises interest income and dividend income earned from an investment portfolio.

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