{"id":1279,"date":"2024-11-11T14:40:58","date_gmt":"2024-11-11T11:40:58","guid":{"rendered":"https:\/\/market-monitor.staginghub.net\/?p=1279"},"modified":"2024-11-21T14:24:56","modified_gmt":"2024-11-21T11:24:56","slug":"sectiunea-de-educatie-indicatorul-roe","status":"publish","type":"post","link":"https:\/\/market-monitor.staginghub.net\/ro\/2024\/11\/11\/sectiunea-de-educatie-indicatorul-roe\/","title":{"rendered":"SECTIUNEA DE EDUCATIE: INDICATORUL ROE"},"content":{"rendered":"\n<p>ANALIZA FUNDAMENTALA<\/p>\n\n\n\n<p>Articol publicat in nr. 12 al Newsletter-ului din data de 11 noiembrie 2024.<\/p>\n\n\n\n<p><strong>Ce reprezinta indicatorul Return on Equity (ROE)?<\/strong><\/p>\n\n\n\n<p><strong>ROE este un indicator de profitabilitate care arat\u0103 cat profit genereaza o companie din capitalurile proprii.<\/strong><\/p>\n\n\n\n<p>Cu cat ROE are un valoare mai ridicat\u0103, cu at\u00e2t compania are un grad de eficienta mai mare in a genera profit.<\/p>\n\n\n\n<p><strong>Cum se calculeaza ?<\/strong><\/p>\n\n\n\n<p>Iat\u0103 formula de calcul pentru ROE :<\/p>\n\n\n\n<p><strong>ROE&nbsp; = Profit net\/ Capitaluri proprii<\/strong><\/p>\n\n\n\n<p>Pentru a fi cat mai preci\u0219i \u00een calcul, unii specialisti considera ca trebuie sa utiliz\u0103m<strong> o medie a capitalurilor proprii intre capitalurile proprii de la \u00eenceputul perioadei (exercitiului) si cele de la finalul perioadei <\/strong>de raportare.<\/p>\n\n\n\n<p>Pentru e exemplifica calculul ROE vom lua exemplul unei companii listate, Wells Fargo &amp; Company (simbol WFC).<\/p>\n\n\n\n<p>Pe site-ul companiei putem consulta Situa\u021biile financiare la 31 decembrie 2023.<\/p>\n\n\n\n<p>Rezultatul net din contul de Profit si pierdere la 31 decembrie 2023 este urm\u0103torul:&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"606\" height=\"608\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-1-3.png\" alt=\"\" class=\"wp-image-1282\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-1-3.png 606w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-1-3-300x301.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-1-3-150x150.png 150w\" sizes=\"(max-width: 606px) 100vw, 606px\" \/><\/figure>\n\n\n\n<p><strong>Sursa :<\/strong><a href=\"https:\/\/www.wellsfargo.com\/about\/investor-relations\/annual-reports\/\"><strong> <\/strong><strong>Annual Reports and Proxy Statements &#8211; Investor Relations \u2013 Wells Fargo<\/strong><\/a><\/p>\n\n\n\n<p>Iar capitalurile proprii la 31 decembrie 2023 \u0219i respectiv 2022 se prezinta astfel :<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"874\" height=\"238\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-2-3.png\" alt=\"\" class=\"wp-image-1284\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-2-3.png 874w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-2-3-300x82.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-2-3-768x209.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-2-3-150x41.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-2-3-696x190.png 696w\" sizes=\"(max-width: 874px) 100vw, 874px\" \/><\/figure>\n\n\n\n<p><strong>Sursa :<\/strong><a href=\"https:\/\/www.wellsfargo.com\/about\/investor-relations\/annual-reports\/\"><strong> <\/strong><strong>Annual Reports and Proxy Statements &#8211; Investor Relations \u2013 Wells Fargo<\/strong><\/a><\/p>\n\n\n\n<p><strong>Media capitalurilor proprii este urm\u0103toarea :<\/strong><\/p>\n\n\n\n<p>Medie capitaluri proprii = (187.443 milioane USD + 182.213 milioane USD)\/2 = 184.828 milioane USD<\/p>\n\n\n\n<p>Astfel, ROE la 31 decembrie 2023 este :<\/p>\n\n\n\n<p>ROE = 19.142 milioane USD \/ 184.828 milioane USD = 0,1036<\/p>\n\n\n\n<p>ROE este exprimat \u00een procente, deci ROE obtinut este de 10,36%.<\/p>\n\n\n\n<p><strong>Cum interpretam indicatorul ROE ?<\/strong><\/p>\n\n\n\n<p>Ca \u0219i ROA, ROE este un indicator de profitabilitate care este folosit in special pentru a <strong>compara companiile din acela\u0219i sector<\/strong>.<\/p>\n\n\n\n<p>De asemenea, putem compara ROE ob\u021binut cu <strong>media sectorului.<\/strong><\/p>\n\n\n\n<p>O sursa pentru media sectorului, este site-ul<a href=\"https:\/\/fullratio.com\/roe-by-industry\"> Return on Equity (ROE) &#8211; FullRatio<\/a>:<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"507\" height=\"409\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-3-3.png\" alt=\"\" class=\"wp-image-1286\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-3-3.png 507w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-3-3-300x242.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-3-3-150x121.png 150w\" sizes=\"(max-width: 507px) 100vw, 507px\" \/><\/figure>\n\n\n\n<p><strong>Sursa: <\/strong><a href=\"https:\/\/fullratio.com\/roe-by-industry\"><strong>Return on Equity (ROE) &#8211; FullRatio<\/strong><\/a><\/p>\n\n\n\n<p>Dup\u0103 cum observam, WFC are un ROE <strong>sub media sectorului.<\/strong><\/p>\n\n\n\n<p>Dac\u0103 \u00eens\u0103 vom compara WFC cu alte companii de aceea\u0219i talie din acela\u0219i sector, din SUA, vom constata ca o singura banca din cele 5 analizate are valori peste medie pentru indicatorii ROA si ROE, \u0219i anume JPMorgan Chase &amp; Co. (simbol JPM). Pentru selec\u021bie am folosit platforma Finviz, unde am selectat companiile din sectorul \u00ab Financial \u00bb, industria \u00ab Banks- diversified \u00bb din SUA:\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"417\" height=\"129\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-4.png\" alt=\"\" class=\"wp-image-1288\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-4.png 417w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-4-300x93.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Analiza_grafic-4-150x46.png 150w\" sizes=\"(max-width: 417px) 100vw, 417px\" \/><\/figure>\n\n\n\n<p><strong>Sursa : Finviz<\/strong><\/p>\n\n\n\n<p><strong>Comparatie \u00eentre indicatorii ROA \u0219i ROE.<\/strong><\/p>\n\n\n\n<p><strong>Exist\u0103 diferen\u021be cheie \u00eentre ROE \u0219i ROA, <\/strong>dup\u0103 cum urmeaz\u0103 :&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>\u00b7<\/strong><strong> &nbsp; &nbsp; &nbsp; &nbsp; <\/strong><strong>Prima diferenta este perspectiva. ROE<\/strong> se concentreaz\u0103 pe <strong>randamentul generat din capitalul propriu, <\/strong>\u00een timp ce <strong>ROA s<\/strong>e concentreaz\u0103 pe<strong> randamentul generat din activele totale <\/strong>ale companiei, inclusiv datoria.<\/p>\n\n\n\n<p><strong>\u00b7<\/strong><strong> &nbsp; &nbsp; &nbsp; &nbsp; <\/strong><strong>A doua diferenta: ROE <\/strong>este adesea folosit de investitori pentru a evalua<strong> profitabilitatea \u00een raport cu investi\u021bia ac\u021bionarilor <\/strong>\u00een timp ce <strong>ROA <\/strong>este utilizat pentru a evalua <strong>eficien\u021ba managementului <\/strong>\u00een utilizarea tuturor activelor (datorii \u0219i capitaluri proprii) pentru a genera c\u00e2\u0219tiguri.<\/p>\n\n\n\n<p><strong>Concluzie : ROE este un indicator de profitabilitate care trebuie analizat \u00eempreun\u0103 cu al\u021bi indicatori. Este necesar ca investitorii s\u0103 ia \u00een considerare ambii indicatori de profitabilitate prezenta\u021bi (ROA \u0219i ROE) atunci c\u00e2nd evalueaz\u0103 eficacitatea managementului \u0219i opera\u021biunilor unei companii.&nbsp;<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ANALIZA FUNDAMENTALA Articol publicat in nr. 12 al Newsletter-ului din data de 11 noiembrie 2024. Ce reprezinta indicatorul Return on Equity (ROE)? ROE este un indicator de profitabilitate care arat\u0103 cat profit genereaza o companie din capitalurile proprii. Cu cat ROE are un valoare mai ridicat\u0103, cu at\u00e2t compania are un grad de eficienta mai [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,72],"tags":[],"class_list":{"0":"post-1279","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-educatie","8":"category-educatie-ro"},"acf":[],"_links":{"self":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts\/1279"}],"collection":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/comments?post=1279"}],"version-history":[{"count":5,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts\/1279\/revisions"}],"predecessor-version":[{"id":1303,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts\/1279\/revisions\/1303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/media\/1311"}],"wp:attachment":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/media?parent=1279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/categories?post=1279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/tags?post=1279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}