Year-on-year change in diluted return on net assets for a single quarter
factor.formula
Year-on-year change in diluted return on equity for a single quarter:
in:
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The diluted return on net assets for a single quarter in this reporting period is calculated using the net profit of the most recent 12 months as the numerator and the average net assets of the most recent 12 months as the denominator. The single quarter here refers to the single quarter data disclosed in the current financial report, such as the single quarter data of the first quarter report, the second quarter data of the semi-annual report, etc.
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The calculation method of the diluted ROE for the previous quarter is the same as that of the current quarter (TTM), except that the time window is the same period of the previous year. For example, if the current period is the first quarter of 2023, the previous period is the first quarter of 2022.
factor.explanation
This factor belongs to the growth factor, which measures the growth of the company's profitability. Generally speaking, the growth factor calculates the growth amount or growth rate based on historical financial data. This factor uses a single quarter year-on-year calculation method, which can more timely reflect the changes in the company's profitability in the short term. Among them, TTM (Trailing Twelve Months) data can smooth the impact of fluctuations in single-quarter financial data, making the analysis results more robust. Year-on-year changes are less affected by seasonal factors than month-on-month changes, so they are more conducive to horizontal comparison. Compared with the growth rate, the growth amount (that is, the absolute value difference) can better reflect the absolute scale of the company's profitability changes and is less sensitive to the basic value. This factor is particularly suitable for analyzing changes in a company's single-quarter performance, especially when there are significant fluctuations in performance, it can better reveal the company's development trends and potential risks.