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Activia Properties (Activia Properties) ROE % : 6.57% (As of May. 2023)


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What is Activia Properties ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Activia Properties's annualized net income for the quarter that ended in May. 2023 was $129.1 Mil. Activia Properties's average Total Stockholders Equity over the quarter that ended in May. 2023 was $1,965.1 Mil. Therefore, Activia Properties's annualized ROE % for the quarter that ended in May. 2023 was 6.57%.

The historical rank and industry rank for Activia Properties's ROE % or its related term are showing as below:

ATVXF' s ROE % Range Over the Past 10 Years
Min: 5.61   Med: 6.4   Max: 7.15
Current: 6.08

During the past 11 years, Activia Properties's highest ROE % was 7.15%. The lowest was 5.61%. And the median was 6.40%.

ATVXF's ROE % is ranked better than
61.01% of 795 companies
in the REITs industry
Industry Median: 4.28 vs ATVXF: 6.08

Activia Properties ROE % Historical Data

The historical data trend for Activia Properties's ROE % 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.

Activia Properties ROE % Chart

Activia Properties Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.14 6.60 5.86 5.38 5.00

Activia Properties Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23
ROE % 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 Premium Member Only Premium Member Only Premium Member Only 5.55 5.68 5.24 5.42 6.57

Competitive Comparison of Activia Properties's ROE %

For the REIT - Diversified subindustry, Activia Properties's ROE %, along with its competitors' market caps and ROE % 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.


Activia Properties's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Activia Properties's ROE % distribution charts can be found below:

* The bar in red indicates where Activia Properties's ROE % falls into.



Activia Properties ROE % Calculation

Activia Properties's annualized ROE % for the fiscal year that ended in Nov. 2022 is calculated as

ROE %=Net Income (A: Nov. 2022 )/( (Total Stockholders Equity (A: Nov. 2021 )+Total Stockholders Equity (A: Nov. 2022 ))/ count )
=109.347/( (2445.634+1929.913)/ 2 )
=109.347/2187.7735
=5.00 %

Activia Properties's annualized ROE % for the quarter that ended in May. 2023 is calculated as

ROE %=Net Income (Q: May. 2023 )/( (Total Stockholders Equity (Q: Nov. 2022 )+Total Stockholders Equity (Q: May. 2023 ))/ count )
=129.05/( (1929.913+2000.358)/ 2 )
=129.05/1965.1355
=6.57 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (May. 2023) net income data. ROE % is displayed in the 30-year financial page.


Activia Properties  (OTCPK:ATVXF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: May. 2023 )
=Net Income/Total Stockholders Equity
=129.05/1965.1355
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(129.05 / 255.126)*(255.126 / 4040.767)*(4040.767 / 1965.1355)
=Net Margin %*Asset Turnover*Equity Multiplier
=50.58 %*0.0631*2.0562
=ROA %*Equity Multiplier
=3.19 %*2.0562
=6.57 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: May. 2023 )
=Net Income/Total Stockholders Equity
=129.05/1965.1355
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (129.05 / 129.282) * (129.282 / 143.396) * (143.396 / 255.126) * (255.126 / 4040.767) * (4040.767 / 1965.1355)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9982 * 0.9016 * 56.21 % * 0.0631 * 2.0562
=6.57 %

Note: The net income data used here is two times the semi-annual (May. 2023) net income data. The Revenue data used here is two times the semi-annual (May. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Activia Properties ROE % Related Terms

Thank you for viewing the detailed overview of Activia Properties's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Activia Properties (Activia Properties) Business Description

Traded in Other Exchanges
Address
1-16-3 Dogenzaka, Shibuya-ku, Tokyo, JPN, 150-0043
Activia Properties Inc, or API, is a Japanese real estate investment trust principally involved in the ownership of properties in the Greater Tokyo area. Most of these properties are either urban retail units near major train stations, corporate office properties, or other popular areas in Tokyo. API derives the vast majority of its income in the form of rental revenue from its real estate holdings. Its urban retail properties encompass the larger overall share of these holdings. The company's major tenants include the Tokyu Land Corporation, a Japanese railway operator. Tokyu Land Corp is also the controlling shareholder of the firm that works with Activia through an asset management agreement, TLC Activia Investment Management Inc.

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