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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Humacyte's annualized net income for the quarter that ended in Mar. 2024 was $-127.58 Mil. Humacyte's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was $19.85 Mil. Therefore, Humacyte's annualized ROE % for the quarter that ended in Mar. 2024 was -642.77%.
The historical rank and industry rank for Humacyte's ROE % or its related term are showing as below:
During the past 4 years, Humacyte's highest ROE % was -10.01%. The lowest was -240.57%. And the median was -89.91%.
The historical data trend for Humacyte'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.
Humacyte Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
ROE % | - | - | -10.01 | -169.81 |
Humacyte Quarterly Data | |||||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROE % | Get a 7-Day Free Trial | -148.76 | -127.02 | -211.97 | -397.41 | -642.77 |
For the Biotechnology subindustry, Humacyte'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 Biotechnology industry and Healthcare sector, Humacyte's ROE % distribution charts can be found below:
* The bar in red indicates where Humacyte's ROE % falls into.
Humacyte's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as
ROE % | = | Net Income (A: Dec. 2023 ) | / | ( (Total Stockholders Equity (A: Dec. 2022 ) | + | Total Stockholders Equity (A: Dec. 2023 )) | / count ) |
= | -110.776 | / | ( (116.928 | + | 13.546) | / 2 ) | |
= | -110.776 | / | 65.237 | ||||
= | -169.81 % |
Humacyte's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as
ROE % | = | Net Income (Q: Mar. 2024 ) | / | ( (Total Stockholders Equity (Q: Dec. 2023 ) | + | Total Stockholders Equity (Q: Mar. 2024 )) | / count ) |
= | -127.584 | / | ( (13.546 | + | 26.152) | / 2 ) | |
= | -127.584 | / | 19.849 | ||||
= | -642.77 % |
* 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 (Mar. 2024) net income data. ROE % is displayed in the 30-year financial page.
Humacyte (NAS:HUMA) 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: Mar. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -127.584 | / | 19.849 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-127.584 / 0) | * | (0 / 144.8445) | * | (144.8445 / 19.849) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | N/A % | * | 0 | * | 7.2973 |
= | ROA % | * | Equity Multiplier | ||
= | N/A % | * | 7.2973 | ||
= | -642.77 % |
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: Mar. 2024 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | -127.584 | / | 19.849 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-127.584 / -127.584) | * | (-127.584 / -106.312) | * | (-106.312 / 0) | * | (0 / 144.8445) | * | (144.8445 / 19.849) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1 | * | 1.2001 | * | N/A % | * | 0 | * | 7.2973 |
= | -642.77 % |
Note: The net income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
Thank you for viewing the detailed overview of Humacyte's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Laura E Niklason | director, 10 percent owner, officer: President, CEO and Director | 35 WILSHIRE ROAD, GREENWICH CT 06831 |
Brady W Dougan | director, 10 percent owner | 35 WILSHIRE ROAD, GREENWICH CT 06831 |
Ayabudge Llc | 10 percent owner | 35 WILSHIRE ROAD, GREENWICH CT 06831 |
Heather Ledbetter Prichard | officer: Chief Operating Officer | 820 BROWNWICH STREET, WAKE FOREST NC 27587 |
Michael T. Constantino | director | C/O 9 METERS BIOPHARMA, INC., 8480 HONEYCUTT ROAD, SUITE 120, RALEIGH NC 27615 |
Dale A. Sander | officer: CFO & CCDO | 11304 EMPIRE LAKES DRIVE, RALEIGH NC 27617 |
William John Scheessele | officer: Chief Commercial Officer | 620 WADE AVENUE, UNIT 501, RALEIGH NC 27605 |
Yang Cao | officer: Chief Regulatory Officer | 12 DOGLEG LANE, LAWRENCE NJ 08648 |
Charles Bruce Green | director | 3185 SCENIC DRIVE, NAPA CA 94558 |
Gordon M Binder | director | 225 S. LAKE AVE., SUITE 300, PASADENA CA 91101 |
Diane Seimetz | director | JUTASTRASSE, MUNICH 2M 80636 |
Shamik J Parikh | officer: Chief Medical Officer | 1160 HEDGEROW DRIVE, GARNET VALLEY PA 19060 |
Rajiv Shukla | director | EMERALD VIEW SUITE 400, 2054 VISTA PARKWAY, WEST PALM BEACH FL 33411 |
William Edward Tente | officer: Chief Regulatory Officer | 90 DAVIS STREET, SEEKONK MA 02771 |
Todd Pope | director | C/O TRANSENTERIX, 635 DAVIS DRIVE, SUITE 300, MORRISVILLE NC 27713 |
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