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Blackstone Senior Floating Rate Term Fund ROE %

: 12.28% (As of Jun. 2021)
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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. Blackstone Senior Floating Rate Term Fund's annualized net income attributable to common stockholders for the quarter that ended in Jun. 2021 was $26.94 Mil. Blackstone Senior Floating Rate Term Fund's average Total Stockholders Equity over the quarter that ended in Jun. 2021 was $219.29 Mil. Therefore, Blackstone Senior Floating Rate Term Fund's annualized ROE % for the quarter that ended in Jun. 2021 was 12.28%.

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

NYSE:BSL' s ROE % Range Over the Past 10 Years
Min: 1.24   Med: 6.36   Max: 18.44
Current: 18.44

1.24
18.44

During the past 5 years, Blackstone Senior Floating Rate Term Fund's highest ROE % was 18.44%. The lowest was 1.24%. And the median was 6.36%.

NYSE:BSL's ROE % is ranked higher than
55% of the 1678 Companies
in the Asset Management industry.

( Industry Median: 16.08 vs. NYSE:BSL: 18.44 )

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
ROE %
15.95 6.36 1.92 7.58 1.24

Blackstone Senior Floating Rate Term Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.70 5.33 -20.43 24.83 12.28

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 into.



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. 2020 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Dec. 2020 )/( (Total Stockholders Equity (A: Dec. 2019 )+Total Stockholders Equity (A: Dec. 2020 ))/ count )
=2.886/( (250.848+215.253)/ 2 )
=2.886/233.0505
=1.24 %

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

ROE %=Net Income attributable to Common Stockholders (Q: Jun. 2021 )/( (Total Stockholders Equity (Q: Dec. 2020 )+Total Stockholders Equity (Q: Jun. 2021 ))/ count )
=26.936/( (215.253+223.332)/ 2 )
=26.936/219.2925
=12.28 %

* 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 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 (Jun. 2021) net income attributable to common stockholders 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. 2021 )
=Net Income/Total Stockholders Equity
=26.936/219.2925
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(26.936 / 27.886)*(27.886 / 350.2445)*(350.2445 / 219.2925)
=Net Margin %*Asset Turnover*Equity Multiplier
=96.59 %*0.0796*1.5972
=ROA %*Equity Multiplier
=7.69 %*1.5972
=12.28 %

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. 2021 )
=Net Income/Total Stockholders Equity
=26.936/219.2925
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (26.936 / 26.936) * (26.936 / 0) * (0 / 27.886) * (27.886 / 350.2445) * (350.2445 / 219.2925)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * N/A * 0 % * 0.0796 * 1.5972
=12.28 %

Note: The net income attributable to common stockholders data used here is two times the semi-annual (Jun. 2021) net income attributable to common stockholders data. The Revenue data used here is two times the semi-annual (Jun. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* 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.

** 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.


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 Business Description

Blackstone Senior Floating Rate Term Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
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
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 345 PARK AVENUE, 31ST FLOOR NEW YORK NY 10154
Zable Robert officer: Executive Vice President, other: Asst. Secretary & PM 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
Smith Daniel Harlan Jr. officer: CEO, President, other: Trustee, Chairman 1290 BROADWAY SUITE 1100 DENVER CO 80203
Lee-silvestri Dohyun (doris) officer: Chief Financial Officer C/O GSO CAPITAL PARTNERS LP 345 PARK AVENUE NEW YORK NY 10154
Lee Jane officer: Public Relations Officer 1290 BROADWAY SUITE 1100 CO 80203
Beeney Marisa Janel officer: CCO, Chief Legal Counsel, Sec. 1290 BROADWAY, SUITE 1100 DENVER CO 80203
Schpero Gary S other: Trustee 1290 BROADWAY, SUITE 1100 DENVER CO 80203
Shaiman Lee Michael officer: Exec. VP, Assistant Secretary 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 PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HOLLAND MICHAEL F a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Rosenberg Eric officer: Chief Financial Officer C/O GSO CAPITAL PARTNERS LP 280 PARK AVENUE NEW YORK NY 10017
Dalelio Edward H other: Trustee 1000 BOARDWALK AT VIRGINIA AVENUE ATLANTIC CITY NJ 08401
Paolillo Douglas other: Mng. Dir.of Investment Advisor C/O GSO BLACKSTONE DEBT FUNDS MGMT LLC 280 PARK AVENUE NEW YORK NY 10017
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