Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Scentre Group's annualized net income for the quarter that ended in Dec. 2023 was A$51 Mil. Scentre Group's average shareholder tangible equity for the quarter that ended in Dec. 2023 was A$18,032 Mil. Therefore, Scentre Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 0.28%.
The historical rank and industry rank for Scentre Group's Return-on-Tangible-Equity or its related term are showing as below:
ASX:SCG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -17.7 Med: 7.47 Max: 49.44
Current: 0.96
During the past 13 years, Scentre Group's highest Return-on-Tangible-Equity was 49.44%. The lowest was -17.70%. And the median was 7.47%.
ASX:SCG's Return-on-Tangible-Equity is ranked worse than 67.47% of 793
companies
in the REITs industry
Industry Median: 4.59
vs ASX:SCG: 0.96
Scentre Group Return-on-Tangible-Equity Historical Data
The historical data trend for Scentre Group's Return-on-Tangible-Equity 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.
Competitive Comparison of Scentre Group's Return-on-Tangible-Equity
For the REIT - Retail subindustry, Scentre Group's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Scentre Group's Return-on-Tangible-Equity Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Scentre Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Scentre Group's Return-on-Tangible-Equity falls into.
Scentre Group Return-on-Tangible-Equity Calculation
Scentre Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Scentre Group (ASX:SCG) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.
Scentre Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Scentre Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning most of the top 10 Australian and top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants. About a third of floor space is currently allocated to department stores, however we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. While almost every Scentre mall is anchored by at least one supermarket, these tenants accounts for less than 10% of gross lettable area, due to the large size of Scentre's assets.
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