GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario (BSP:AFHI11) » Definitions » Return-on-Tangible-Equity

AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario (BSP:AFHI11) Return-on-Tangible-Equity : 0.00% (As of Jun. 2022)


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What is AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's annualized net income for the quarter that ended in Jun. 2022 was R$ Mil. AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's average shareholder tangible equity for the quarter that ended in Jun. 2022 was R$ Mil. Therefore, AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2022 was %.

The historical rank and industry rank for AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's Return-on-Tangible-Equity or its related term are showing as below:

During the past 3 years, AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's highest Return-on-Tangible-Equity was 14.90%. The lowest was 0.00%. And the median was 14.08%.

BSP:AFHI11's Return-on-Tangible-Equity is not ranked *
in the REITs industry.
Industry Median: 4.575
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario Return-on-Tangible-Equity Historical Data

The historical data trend for AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's Return-on-Tangible-Equity 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.

AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario Return-on-Tangible-Equity Chart

AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario Annual Data
Trend Jun21 Jun22 Jun23
Return-on-Tangible-Equity
- 13.26 14.90

AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario Quarterly Data
Jun22 Jun23
Return-on-Tangible-Equity - -

Competitive Comparison of AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's Return-on-Tangible-Equity

For the REIT - Diversified subindustry, AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's Return-on-Tangible-Equity falls into.



AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario Return-on-Tangible-Equity Calculation

AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=38.37/( (224.592+290.388 )/ 2 )
=38.37/257.49
=14.90 %

AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2022 )  (Q: . 20 )(Q: Jun. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2022 )  (Q: . 20 )(Q: Jun. 2022 )
=/( (+)/ )
=/
= %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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. Return-on-Tangible-Equity is displayed in the 10-year financial page.


AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario  (BSP:AFHI11) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario Return-on-Tangible-Equity Related Terms

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AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario (BSP:AFHI11) Business Description

Comparable Companies
Traded in Other Exchanges
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Address
Website
AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario invests resources in real estate projects to provide the shareholder with income and capital gains arising from investment, primarily in Target Assets and, secondarily, in Financial Investments.

AF Invest CRI Fundo DE Investimento Imobiliario Recebiveis Imobiliario (BSP:AFHI11) Headlines

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