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E Kocref CR-REIT (XKRX:088260) Return-on-Tangible-Equity : 4.37% (As of Mar. 2024)


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What is E Kocref CR-REIT 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. E Kocref CR-REIT's annualized net income for the quarter that ended in Mar. 2024 was ₩9,983 Mil. E Kocref CR-REIT's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₩228,691 Mil. Therefore, E Kocref CR-REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 4.37%.

The historical rank and industry rank for E Kocref CR-REIT's Return-on-Tangible-Equity or its related term are showing as below:

XKRX:088260' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.95   Med: 2.41   Max: 4.3
Current: 4.3

During the past 8 years, E Kocref CR-REIT's highest Return-on-Tangible-Equity was 4.30%. The lowest was 0.95%. And the median was 2.41%.

XKRX:088260's Return-on-Tangible-Equity is ranked worse than
51.89% of 792 companies
in the REITs industry
Industry Median: 4.66 vs XKRX:088260: 4.30

E Kocref CR-REIT Return-on-Tangible-Equity Historical Data

The historical data trend for E Kocref CR-REIT'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.

E Kocref CR-REIT Return-on-Tangible-Equity Chart

E Kocref CR-REIT Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Return-on-Tangible-Equity
Get a 7-Day Free Trial 2.25 2.56 2.82 3.65 3.56

E Kocref CR-REIT Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.77 3.85 4.13 4.25 4.37

Competitive Comparison of E Kocref CR-REIT's Return-on-Tangible-Equity

For the REIT - Diversified subindustry, E Kocref CR-REIT'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.


E Kocref CR-REIT's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, E Kocref CR-REIT's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where E Kocref CR-REIT's Return-on-Tangible-Equity falls into.



E Kocref CR-REIT Return-on-Tangible-Equity Calculation

E Kocref CR-REIT'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 )
=8602.273/( (245662.489+237911.24 )/ 2 )
=8602.273/241786.8645
=3.56 %

E Kocref CR-REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=9983.208/( (230168.834+227212.302)/ 2 )
=9983.208/228690.568
=4.37 %

* 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 two times the semi-annual (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


E Kocref CR-REIT  (XKRX:088260) 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.


E Kocref CR-REIT Return-on-Tangible-Equity Related Terms

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E Kocref CR-REIT (XKRX:088260) Business Description

Industry
Traded in Other Exchanges
N/A
Address
511 Samsung Road, Gangnam-gu, Seoul, KOR
Website
E Kocref CR-REIT is a real estate investment company. It provides real estate rental and supply services.

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