Flagship explainer

What drives HENNESSY ADVISORS, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity11%Tax burden73%net income ÷ pretax incomeInterest burden104%pretax ÷ operating incomeOperating margin37%operating income ÷ revenueAsset turnover0.23×revenue ÷ average assetsEquity multiplier1.65×average assets ÷ average equityAs of 2025-09-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$10MFY2025
Income before tax$13.6MFY2025
Operating income$13.1MFY2025
$35.5MFY2025
Ending assets$160MFY2025
Beginning assets$152MFY2024
$97.7MFY2025
$91.3MFY2024
Source: · event Sep 30, 2025 · retrieved Jul 26, 2026 · annual-row source set
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