Flagship explainer

What drives SALEM MEDIA GROUP, 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 equity−2%Tax burden89%net income ÷ pretax incomeInterest burden−70%pretax ÷ operating incomeOperating margin2%operating income ÷ revenueAsset turnover0.52×revenue ÷ average assetsEquity multiplier2.89×average assets ÷ average equityAs of 2022-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$3.2MFY2022
Income before tax−$3.6MFY2022
Operating income$5.2MFY2022
$267MFY2022
Ending assets$505MFY2022
Beginning assets$516MFY2021
$175MFY2022
$178MFY2021
Source: · event Dec 31, 2022 · retrieved Jul 26, 2026 · annual-row source set
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