GURUFOCUS.COM » STOCK LIST » USA » NYSE » Blackstone Senior Floating Rate Term Fund (NYSE:BSL) » Definitions » ROE %
Switch to:

Blackstone Senior Floating Rate Term Fund (NYSE:BSL) ROE %

: -20.13% (As of Jun. 2022)
View and export this data going back to . Start your Free Trial

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Blackstone Senior Floating Rate Term Fund's annualized net income for the quarter that ended in Jun. 2022 was $-41.57 Mil. Blackstone Senior Floating Rate Term Fund's average Total Stockholders Equity over the quarter that ended in Jun. 2022 was $206.50 Mil. Therefore, Blackstone Senior Floating Rate Term Fund's annualized ROE % for the quarter that ended in Jun. 2022 was -20.13%.

The historical rank and industry rank for Blackstone Senior Floating Rate Term Fund's ROE % or its related term are showing as below:

BSL' s ROE % Range Over the Past 10 Years
Min: -7.76   Med: 6.97   Max: 15.95
Current: -7.76

During the past 6 years, Blackstone Senior Floating Rate Term Fund's highest ROE % was 15.95%. The lowest was -7.76%. And the median was 6.97%.

BSL's ROE % is ranked worse than
60.73% of 1691 companies
in the Asset Management industry
Industry Median: -2.38 vs BSL: -7.76

Blackstone Senior Floating Rate Term Fund ROE % Historical Data

The historical data trend for Blackstone Senior Floating Rate Term Fund'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.

Blackstone Senior Floating Rate Term Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROE %
Premium Member Only 6.36 1.92 7.58 1.24 8.18

Blackstone Senior Floating Rate Term Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -20.43 24.83 12.28 3.90 -20.13

Competitive Comparison

For the Asset Management subindustry, Blackstone Senior Floating Rate Term Fund'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.

   

Blackstone Senior Floating Rate Term Fund ROE % Distribution

For the Asset Management industry and Financial Services sector, Blackstone Senior Floating Rate Term Fund's ROE % distribution charts can be found below:

* The bar in red indicates where Blackstone Senior Floating Rate Term Fund's ROE % falls in comparison to its industry or sector. The grey bar indicates the ROE %'s extreme value range as defined by GuruFocus.



Blackstone Senior Floating Rate Term Fund ROE % Calculation

Blackstone Senior Floating Rate Term Fund's annualized ROE % for the fiscal year that ended in Dec. 2021 is calculated as

ROE %=Net Income (A: Dec. 2021 )/( (Total Stockholders Equity (A: Dec. 2020 )+Total Stockholders Equity (A: Dec. 2021 ))/ count )
=17.786/( (215.253+219.387)/ 2 )
=17.786/217.32
=8.18 %

Blackstone Senior Floating Rate Term Fund's annualized ROE % for the quarter that ended in Jun. 2022 is calculated as

ROE %=Net Income (Q: Jun. 2022 )/( (Total Stockholders Equity (Q: Dec. 2021 )+Total Stockholders Equity (Q: Jun. 2022 ))/ count )
=-41.572/( (219.387+193.616)/ 2 )
=-41.572/206.5015
=-20.13 %

* 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 (Jun. 2022) net income data. ROE % is displayed in the 30-year financial page.


Blackstone Senior Floating Rate Term Fund  (NYSE:BSL) 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: Jun. 2022 )
=Net Income/Total Stockholders Equity
=-41.572/206.5015
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-41.572 / -40.622)*(-40.622 / 327.109)*(327.109 / 206.5015)
=Net Margin %*Asset Turnover*Equity Multiplier
=102.34 %*-0.1242*1.5841
=ROA %*Equity Multiplier
=-12.71 %*1.5841
=-20.13 %

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: Jun. 2022 )
=Net Income/Total Stockholders Equity
=-41.572/206.5015
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-41.572 / -41.572) * (-41.572 / -40.622) * (-40.622 / 327.109) * (327.109 / 206.5015)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 102.34 % * -0.1242 * 1.5841
=-20.13 %

Note: The net income data used here is two times the semi-annual (Jun. 2022) net income data. The Revenue data used here is two times the semi-annual (Jun. 2022) 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.


Blackstone Senior Floating Rate Term Fund ROE % Related Terms

Thank you for viewing the detailed overview of Blackstone Senior Floating Rate Term Fund's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Blackstone Senior Floating Rate Term Fund (NYSE:BSL) Business Description

Blackstone Senior Floating Rate Term Fund logo
Traded in Other Exchanges
N/A
Address
345 Park Avenue, 31st Floor, New York, NY, USA, 10154
Blackstone Senior Floating Rate Term Fund is a diversified, closed-end management investment company. Its primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. The fund invests at least 80% of its Managed Assets in senior, secured floating rate loans. It also invests in second-lien loans and high yield bonds and employs financial leverage, which may increase the risk to the Fund.
Executives
Roppa Gregory officer: CFO & Treasurer 601 LEXINGTON AVENUE NEW YORK NY 10022
Siebels Jane director 345 PARK AVENUE 31ST FLOOR NEW YORK NY 10154
Naratil Valerie officer: Public Relations Officer 345 PARK AVENUE NEW YORK NY 10154
Post Robert other: Portfolio Manager C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC 345 PARK AVE 31ST FLOOR NEW YORK NY 10154
Busch Robert W officer: CFO & Treasurer C/O HPS INVESTMENT PARTNERS, LLC 40 WEST 57TH STREET, 33RD FLOOR NEW YORK NY 10019
Lee-silvestri Dohyun (doris) officer: Chief Financial Officer C/O HPS INVESTMENT PARTNERS, LLC 40 WEST 57TH STREET, 33RD FLOOR NEW YORK NY 10019
Zable Robert officer: See Remarks, other: See Remarks 1290 BROADWAY SUITE 1100 DENVER CO 80203
Mckemie Gordon other: Portfolio Manager C/O GSO CAPITAL PARTNERS LP 345 PARK AVENUE NEW YORK NY 10154
Schpero Gary S other: Trustee 1290 BROADWAY, SUITE 1100 DENVER CO 80203
Smith Daniel Harlan Jr. officer: CEO, President, other: Trustee, Chairman 1290 BROADWAY SUITE 1100 DENVER CO 80203
Beeney Marisa Janel officer: CCO, Chief Legal Officer,Sec. 1290 BROADWAY, SUITE 1100 DENVER CO 80203
Shaiman Lee Michael officer: Exec. VP, Assistant Secretary C/O INVESTCORP CREDIT MANAGEMENT BDC INC 280 PARK AVENUE, 39TH FLOOR NEW YORK NY 10017
O'neill John other: Trustee 1290 BROADWAY, SUITE 1100 DENVER CO 80203
Metropolitan Life Insurance Co/ny 10 percent owner 200 PARK AVENUE NEW YORK NY 10166
Holland Michael F other: Trustee
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
premium membership