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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
  • 10-K · FY 2025Filing detailsAccession 0001437749-25-036795 · filed Dec 3, 2025
Income before tax$13.6MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-25-036795 · filed Dec 3, 2025
Operating income$13.1MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-25-036795 · filed Dec 3, 2025
$35.5MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-25-036795 · filed Dec 3, 2025
Ending assets$160MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-25-036795 · filed Dec 3, 2025
Beginning assets$152MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001437749-25-036795 · filed Dec 3, 2025
$97.7MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-25-036795 · filed Dec 3, 2025
$91.3MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001437749-25-036795 · filed Dec 3, 2025
Source: · event Sep 30, 2025 · retrieved Oct 18, 2026 · annual-row source set
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