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Fundo DE Investimento Imobiliario VBI Prime Properties (BSP:PVBI11) Return-on-Tangible-Asset : 0.00% (As of Jun. 2022)


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What is Fundo DE Investimento Imobiliario VBI Prime Properties Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Fundo DE Investimento Imobiliario VBI Prime Properties's annualized Net Income for the quarter that ended in Jun. 2022 was R$0.0 Mil. Fundo DE Investimento Imobiliario VBI Prime Properties's average total tangible assets for the quarter that ended in Jun. 2022 was R$1,263.0 Mil. Therefore, Fundo DE Investimento Imobiliario VBI Prime Properties's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 was 0.00%.

The historical rank and industry rank for Fundo DE Investimento Imobiliario VBI Prime Properties's Return-on-Tangible-Asset or its related term are showing as below:

During the past 3 years, Fundo DE Investimento Imobiliario VBI Prime Properties's highest Return-on-Tangible-Asset was 8.86%. The lowest was 4.75%. And the median was 6.95%.

BSP:PVBI11's Return-on-Tangible-Asset is not ranked *
in the REITs industry.
Industry Median: 2.34
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Fundo DE Investimento Imobiliario VBI Prime Properties Return-on-Tangible-Asset Historical Data

The historical data trend for Fundo DE Investimento Imobiliario VBI Prime Properties's Return-on-Tangible-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fundo DE Investimento Imobiliario VBI Prime Properties Return-on-Tangible-Asset Chart

Fundo DE Investimento Imobiliario VBI Prime Properties Annual Data
Trend Jun21 Jun22 Jun23
Return-on-Tangible-Asset
6.95 4.75 8.86

Fundo DE Investimento Imobiliario VBI Prime Properties Quarterly Data
Jun21 Jun22 Jun23
Return-on-Tangible-Asset - - -

Competitive Comparison of Fundo DE Investimento Imobiliario VBI Prime Properties's Return-on-Tangible-Asset

For the REIT - Diversified subindustry, Fundo DE Investimento Imobiliario VBI Prime Properties's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fundo DE Investimento Imobiliario VBI Prime Properties's Return-on-Tangible-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fundo DE Investimento Imobiliario VBI Prime Properties's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Fundo DE Investimento Imobiliario VBI Prime Properties's Return-on-Tangible-Asset falls into.



Fundo DE Investimento Imobiliario VBI Prime Properties Return-on-Tangible-Asset Calculation

Fundo DE Investimento Imobiliario VBI Prime Properties's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=115.537/( (1252.319+1354.898)/ 2 )
=115.537/1303.6085
=8.86 %

Fundo DE Investimento Imobiliario VBI Prime Properties's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2022 )  (Q: Jun. 2021 )(Q: Jun. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2022 )  (Q: Jun. 2021 )(Q: Jun. 2022 )
=0/( (1273.717+1252.319)/ 2 )
=0/1263.018
=0.00 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2022) net income data.


Fundo DE Investimento Imobiliario VBI Prime Properties  (BSP:PVBI11) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Fundo DE Investimento Imobiliario VBI Prime Properties Return-on-Tangible-Asset Related Terms

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Fundo DE Investimento Imobiliario VBI Prime Properties (BSP:PVBI11) Business Description

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Fundo DE Investimento Imobiliario VBI Prime Properties is a real estate investment trust in the commercial buildings segment.

Fundo DE Investimento Imobiliario VBI Prime Properties (BSP:PVBI11) Headlines

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