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Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios (BSP:RECR11) Return-on-Tangible-Equity : 12.00% (As of Dec. 2023)


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What is Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Return-on-Tangible-Equity?

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. Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's annualized net income for the quarter that ended in Dec. 2023 was R$303.8 Mil. Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's average shareholder tangible equity for the quarter that ended in Dec. 2023 was R$2,531.6 Mil. Therefore, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 12.00%.

The historical rank and industry rank for Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Return-on-Tangible-Equity or its related term are showing as below:

BSP:RECR11' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.45   Med: 12.1   Max: 14.69
Current: 12

During the past 6 years, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's highest Return-on-Tangible-Equity was 14.69%. The lowest was 5.45%. And the median was 12.10%.

BSP:RECR11's Return-on-Tangible-Equity is ranked better than
82.86% of 916 companies
in the REITs industry
Industry Median: 5.715 vs BSP:RECR11: 12.00

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Return-on-Tangible-Equity Historical Data

The historical data trend for Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios'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.

* Premium members only.

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Return-on-Tangible-Equity Chart

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial 8.01 12.19 14.69 13.14 12.00

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity Get a 7-Day Free Trial 8.01 12.19 14.69 13.14 12.00

Competitive Comparison of Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Return-on-Tangible-Equity

For the REIT - Diversified subindustry, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios'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.


Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's Return-on-Tangible-Equity falls into.


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Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Return-on-Tangible-Equity Calculation

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=303.833/( (2520.733+2542.399 )/ 2 )
=303.833/2531.566
=12.00 %

Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=303.833/( (2520.733+2542.399)/ 2 )
=303.833/2531.566
=12.00 %

* 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 one times the annual (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios  (BSP:RECR11) 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.


Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Return-on-Tangible-Equity Related Terms

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Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios Business Description

Traded in Other Exchanges
N/A
Address
Rua Iguatemi, 151, 19th floor, Itaim Bibi, Sao Paulo, SP, BRA, 01451-011
Fundo Investimento Imobiliario FII REC Recebiveis Imobiliarios is an investment company. The purpose of the Fund is to invest in real estate projects, through the acquisition of assets, or rights related thereto, subject to the other requirements and investment policy provisions.

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