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Blackrock Municipal Bond Trust ROE %

: 8.56% (As of Feb. 2020)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Blackrock Municipal Bond Trust's annualized net income attributable to common stockholders for the quarter that ended in Feb. 2020 was $15.34 Mil. Blackrock Municipal Bond Trust's average Total Stockholders Equity over the quarter that ended in Feb. 2020 was $179.15 Mil. Therefore, Blackrock Municipal Bond Trust's annualized ROE % for the quarter that ended in Feb. 2020 was 8.56%.

NYSE:BBK' s ROE % Range Over the Past 10 Years
Min: -2.14   Med: 1.44   Max: 13.92
Current: 13.92

-2.14
13.92

During the past 3 years, Blackrock Municipal Bond Trust's highest ROE % was 13.92%. The lowest was -2.14%. And the median was 1.44%.

NYSE:BBK's ROE % is ranked higher than
90% of the 1712 Companies
in the Asset Management industry.

( Industry Median: -0.94 vs. NYSE:BBK: 13.92 )

Blackrock Municipal Bond Trust ROE % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Blackrock Municipal Bond Trust Annual Data
Aug17 Aug18 Aug19
ROE % -2.14 1.44 11.02

Blackrock Municipal Bond Trust Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20
ROE % Premium Member Only -1.38 4.33 2.84 19.42 8.56

Competitive Comparison
* 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.


Blackrock Municipal Bond Trust ROE % Distribution

* The bar in red indicates where Blackrock Municipal Bond Trust's ROE % falls into.



Blackrock Municipal Bond Trust ROE % Calculation

Blackrock Municipal Bond Trust's annualized ROE % for the fiscal year that ended in Aug. 2019 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Aug. 2019 )/( (Total Stockholders Equity (A: Aug. 2018 )+Total Stockholders Equity (A: Aug. 2019 ))/ count )
=18.899/( (166.079+177.03)/ 2 )
=18.899/171.5545
=11.02 %

Blackrock Municipal Bond Trust's annualized ROE % for the quarter that ended in Feb. 2020 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Feb. 2020 )/( (Total Stockholders Equity (Q: Aug. 2019 )+Total Stockholders Equity (Q: Feb. 2020 ))/ count )
=15.342/( (177.03+181.26)/ 2 )
=15.342/179.145
=8.56 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

In the calculation of annual ROE %, the net income attributable to common stockholders 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 attributable to common stockholders data used here is two times the semi-annual (Feb. 2020) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Blackrock Municipal Bond Trust  (NYSE:BBK) 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: Feb. 2020 )
=Net Income/Total Stockholders Equity
=15.342/179.145
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(15.342 / 15.35)*(15.35 / 292.561)*(292.561 / 179.145)
=Net Margin %*Asset Turnover*Equity Multiplier
=99.95 %*0.0525*1.6331
=ROA %*Equity Multiplier
=5.25 %*1.6331
=8.56 %

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: Feb. 2020 )
=Net Income/Total Stockholders Equity
=15.342/179.145
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (15.342 / 15.342) * (15.342 / 0) * (0 / 15.35) * (15.35 / 292.561) * (292.561 / 179.145)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * N/A * 0 % * 0.0525 * 1.6331
=8.56 %

Note: The net income attributable to common stockholders data used here is two times the semi-annual (Feb. 2020) net income attributable to common stockholders data. The Revenue data used here is two times the semi-annual (Feb. 2020) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders 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.


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