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Ariston Holdings (XZIM:ARIS.ZW) ROE % : -127.19% (As of Sep. 2023)


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What is Ariston Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ariston Holdings's annualized net income for the quarter that ended in Sep. 2023 was ZWL-61,608 Mil. Ariston Holdings's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was ZWL48,436 Mil. Therefore, Ariston Holdings's annualized ROE % for the quarter that ended in Sep. 2023 was -127.19%.

The historical rank and industry rank for Ariston Holdings's ROE % or its related term are showing as below:

XZIM:ARIS.ZW' s ROE % Range Over the Past 10 Years
Min: -53   Med: -5.43   Max: 77.31
Current: -53

During the past 9 years, Ariston Holdings's highest ROE % was 77.31%. The lowest was -53.00%. And the median was -5.43%.

XZIM:ARIS.ZW's ROE % is ranked worse than
94.63% of 1826 companies
in the Consumer Packaged Goods industry
Industry Median: 6.62 vs XZIM:ARIS.ZW: -53.00

Ariston Holdings ROE % Historical Data

The historical data trend for Ariston Holdings'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.

Ariston Holdings ROE % Chart

Ariston Holdings Annual Data
Trend Sep09 Sep11 Sep12 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
ROE %
Get a 7-Day Free Trial Premium Member Only 77.31 15.84 -6.67 -13.09 -37.99

Ariston Holdings Semi-Annual Data
Mar11 Sep11 Mar12 Sep12 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 -25.07 47.00 -27.14 -8.76 -127.19

Competitive Comparison of Ariston Holdings's ROE %

For the Farm Products subindustry, Ariston Holdings'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.


Ariston Holdings's ROE % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ariston Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Ariston Holdings's ROE % falls into.



Ariston Holdings ROE % Calculation

Ariston Holdings's annualized ROE % for the fiscal year that ended in Sep. 2023 is calculated as

ROE %=Net Income (A: Sep. 2023 )/( (Total Stockholders Equity (A: Sep. 2022 )+Total Stockholders Equity (A: Sep. 2023 ))/ count )
=-33069.716/( (90325.867+83774.399)/ 2 )
=-33069.716/87050.133
=-37.99 %

Ariston Holdings's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as

ROE %=Net Income (Q: Sep. 2023 )/( (Total Stockholders Equity (Q: Mar. 2023 )+Total Stockholders Equity (Q: Sep. 2023 ))/ count )
=-61607.8/( (13098.088+83774.399)/ 2 )
=-61607.8/48436.2435
=-127.19 %

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


Ariston Holdings  (XZIM:ARIS.ZW) 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: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-61607.8/48436.2435
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-61607.8 / 66095.01)*(66095.01 / 99726.779)*(99726.779 / 48436.2435)
=Net Margin %*Asset Turnover*Equity Multiplier
=-93.21 %*0.6628*2.0589
=ROA %*Equity Multiplier
=-61.78 %*2.0589
=-127.19 %

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: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-61607.8/48436.2435
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-61607.8 / -76583.808) * (-76583.808 / -50589.836) * (-50589.836 / 66095.01) * (66095.01 / 99726.779) * (99726.779 / 48436.2435)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8044 * 1.5138 * -76.54 % * 0.6628 * 2.0589
=-127.19 %

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


Ariston Holdings ROE % Related Terms

Thank you for viewing the detailed overview of Ariston Holdings's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Ariston Holdings (XZIM:ARIS.ZW) Business Description

Traded in Other Exchanges
N/A
Address
18 Coghlan Road, P. O. Box 4019 , Greendale, Harare, ZWE
Ariston Holdings Ltd is an agro-industrial company. Its principal activities are farming operations which include, tea, macadamia nuts, horticulture, deciduous fruits, fishery, and poultry. The company is organized into three operating divisions. The Southdown Estates division is engaged in the growing and manufacturing of tea, macadamia nuts, avocados, potatoes, and bananas as well as generates maximum revenue. Claremont Estate division is engaged in the growing of pome and stone fruit, passion fruit, and potatoes. Kent Estate division engages in the growing of horticultural crops, and the rearing of poultry and livestock.

Ariston Holdings (XZIM:ARIS.ZW) Headlines

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