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Hsi Malls Fundo DE Investimento Imobiliario (BSP:HSML11) ROE % : Negative Equity% (As of Jun. 2023)


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What is Hsi Malls Fundo DE Investimento Imobiliario ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hsi Malls Fundo DE Investimento Imobiliario's annualized net income for the quarter that ended in Jun. 2023 was R$73.4 Mil. Hsi Malls Fundo DE Investimento Imobiliario's average Total Stockholders Equity over the quarter that ended in Jun. 2023 was R$-1.0 Mil. Therefore, Hsi Malls Fundo DE Investimento Imobiliario's annualized ROE % for the quarter that ended in Jun. 2023 was Negative Equity%.

The historical rank and industry rank for Hsi Malls Fundo DE Investimento Imobiliario's ROE % or its related term are showing as below:

BSP:HSML11' s ROE % Range Over the Past 10 Years
Min: -0.46   Med: 14.51   Max: Negative Equity
Current: Negative Equity

During the past 4 years, Hsi Malls Fundo DE Investimento Imobiliario's highest ROE % was Negative Equity%. The lowest was -0.46%. And the median was 14.51%.

BSP:HSML11's ROE % is ranked better than
99.94% of 1697 companies
in the Asset Management industry
Industry Median: 4.06 vs BSP:HSML11: Negative Equity

Hsi Malls Fundo DE Investimento Imobiliario ROE % Historical Data

The historical data trend for Hsi Malls Fundo DE Investimento Imobiliario'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.

Hsi Malls Fundo DE Investimento Imobiliario ROE % Chart

Hsi Malls Fundo DE Investimento Imobiliario Annual Data
Trend Jun20 Jun21 Jun22 Jun23
ROE %
6.44 -0.46 22.57 Negative Equity

Hsi Malls Fundo DE Investimento Imobiliario Semi-Annual Data
Jun20 Jun21 Jun22 Jun23
ROE % 6.44 -0.46 22.57 Negative Equity

Competitive Comparison of Hsi Malls Fundo DE Investimento Imobiliario's ROE %

For the Asset Management subindustry, Hsi Malls Fundo DE Investimento Imobiliario'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.


Hsi Malls Fundo DE Investimento Imobiliario's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hsi Malls Fundo DE Investimento Imobiliario's ROE % distribution charts can be found below:

* The bar in red indicates where Hsi Malls Fundo DE Investimento Imobiliario's ROE % falls into.



Hsi Malls Fundo DE Investimento Imobiliario ROE % Calculation

Hsi Malls Fundo DE Investimento Imobiliario's annualized ROE % for the fiscal year that ended in Jun. 2023 is calculated as

ROE %=Net Income (A: Jun. 2023 )/( (Total Stockholders Equity (A: Jun. 2022 )+Total Stockholders Equity (A: Jun. 2023 ))/ count )
=73.441/( (28.851+-30.775)/ 2 )
=73.441/-0.962
=Negative Equity %

Hsi Malls Fundo DE Investimento Imobiliario's annualized ROE % for the quarter that ended in Jun. 2023 is calculated as

ROE %=Net Income (Q: Jun. 2023 )/( (Total Stockholders Equity (Q: Jun. 2022 )+Total Stockholders Equity (Q: Jun. 2023 ))/ count )
=73.441/( (28.851+-30.775)/ 2 )
=73.441/-0.962
=Negative Equity %

* 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 one times the annual (Jun. 2023) net income data. ROE % is displayed in the 30-year financial page.

* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.


Hsi Malls Fundo DE Investimento Imobiliario  (BSP:HSML11) 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. 2023 )
=Net Income/Total Stockholders Equity
=73.441/-0.962
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(73.441 / 189.034)*(189.034 / 2461.697)*(2461.697 / -0.962)
=Net Margin %*Asset Turnover*Equity Multiplier
=38.85 %*0.0768*N/A
=ROA %*Equity Multiplier
=2.98 %*N/A
=Negative Equity %

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. 2023 )
=Net Income/Total Stockholders Equity
=73.441/-0.962
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (73.441 / 73.441) * (73.441 / 157.367) * (157.367 / 189.034) * (189.034 / 2461.697) * (2461.697 / -0.962)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.4667 * 83.25 % * 0.0768 * N/A
=Negative Equity %

Note: The net income data used here is one times the annual (Jun. 2023) net income data. The Revenue data used here is one times the annual (Jun. 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.


Hsi Malls Fundo DE Investimento Imobiliario ROE % Related Terms

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Hsi Malls Fundo DE Investimento Imobiliario (BSP:HSML11) Business Description

Traded in Other Exchanges
N/A
Address
Avenue Brig. Faria Lima, 3729, 7th floor, Itaim Bibi, Sao Paulo, SP, BRA, 04538-905
Hsi Malls Fundo DE Investimento Imobiliario is a Brazil-based company engaged in real estate and credit business. Its real estate holdings include Cipasa Urbanismo, GoodStorage, Saphyr Shopping Centers, and office and logistics properties in Brazil.

Hsi Malls Fundo DE Investimento Imobiliario (BSP:HSML11) Headlines

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