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Fundo DE Investimento Imobiliario - Vbi Cri (BSP:CVBI11) Return-on-Tangible-Asset

: 6.33% (As of Dec. 2022)
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Fundo DE Investimento Imobiliario - Vbi Cri's annualized Net Income for the quarter that ended in Dec. 2022 was R$67.15 Mil. Fundo DE Investimento Imobiliario - Vbi Cri's average total tangible assets for the quarter that ended in Dec. 2022 was R$1,060.91 Mil. Therefore, Fundo DE Investimento Imobiliario - Vbi Cri's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 was 6.33%.

The historical rank and industry rank for Fundo DE Investimento Imobiliario - Vbi Cri's Return-on-Tangible-Asset or its related term are showing as below:

BSP:CVBI11' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.33   Med: 13.95   Max: 14.18
Current: 6.33

During the past 4 years, Fundo DE Investimento Imobiliario - Vbi Cri's highest Return-on-Tangible-Asset was 14.18%. The lowest was 6.33%. And the median was 13.95%.

BSP:CVBI11's Return-on-Tangible-Asset is ranked better than
80.82% of 808 companies
in the REITs industry
Industry Median: 2.305 vs BSP:CVBI11: 6.33

Fundo DE Investimento Imobiliario - Vbi Cri Return-on-Tangible-Asset Historical Data

The historical data trend for Fundo DE Investimento Imobiliario - Vbi Cri's Return-on-Tangible-Asset 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.

Fundo DE Investimento Imobiliario - Vbi Cri Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Asset
- 14.18 13.95 6.33

Fundo DE Investimento Imobiliario - Vbi Cri Semi-Annual Data
Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Asset - 14.18 13.95 6.33

Competitive Comparison

For the REIT - Residential subindustry, Fundo DE Investimento Imobiliario - Vbi Cri's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.


Fundo DE Investimento Imobiliario - Vbi Cri Return-on-Tangible-Asset Distribution

For the REITs industry and Real Estate sector, Fundo DE Investimento Imobiliario - Vbi Cri's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Fundo DE Investimento Imobiliario - Vbi Cri's Return-on-Tangible-Asset falls into.



Fundo DE Investimento Imobiliario - Vbi Cri Return-on-Tangible-Asset Calculation

Fundo DE Investimento Imobiliario - Vbi Cri's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=67.148/( (1067.036+1054.783)/ 2 )
=67.148/1060.9095
=6.33 %

Fundo DE Investimento Imobiliario - Vbi Cri's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2022 )  (Q: Dec. 2021 )(Q: Dec. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2022 )  (Q: Dec. 2021 )(Q: Dec. 2022 )
=67.148/( (1067.036+1054.783)/ 2 )
=67.148/1060.9095
=6.33 %

* 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is one times the annual (Dec. 2022) net income data.


Fundo DE Investimento Imobiliario - Vbi Cri  (BSP:CVBI11) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Fundo DE Investimento Imobiliario - Vbi Cri Return-on-Tangible-Asset Related Terms

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Fundo DE Investimento Imobiliario - Vbi Cri (BSP:CVBI11) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Rua Iguatemi, 151, 19th Floor, Itaim Bibi, Sao Paulo, SP, BRA, 01451-011
Fundo DE Investimento Imobiliario - Vbi Cri is a real estate investment fund. It aims to obtain income and capital gain through the investment of at least two thirds of equity directly in fixed income assets Real estate, specifically Certificates of Real Estate Receivables; Mortgage Bonds; Mortgage Bonds; Real Estate Letters Guaranteed; Fund shares FII real estate investment; and (SAW).

Fundo DE Investimento Imobiliario - Vbi Cri (BSP:CVBI11) Headlines

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