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Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) Return-on-Tangible-Equity : 10.61% (As of Jun. 2023)


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What is Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII 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. Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's annualized net income for the quarter that ended in Jun. 2023 was R$18.05 Mil. Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's average shareholder tangible equity for the quarter that ended in Jun. 2023 was R$170.17 Mil. Therefore, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was 10.61%.

The historical rank and industry rank for Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Return-on-Tangible-Equity or its related term are showing as below:

BSP:RSPD11' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.32   Med: 5.67   Max: 12.92
Current: 10.61

During the past 5 years, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's highest Return-on-Tangible-Equity was 12.92%. The lowest was -1.32%. And the median was 5.67%.

BSP:RSPD11's Return-on-Tangible-Equity is ranked better than
78.38% of 791 companies
in the REITs industry
Industry Median: 4.59 vs BSP:RSPD11: 10.61

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Return-on-Tangible-Equity Historical Data

The historical data trend for Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII'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.

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Return-on-Tangible-Equity Chart

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
Return-on-Tangible-Equity
- 12.92 -1.32 0.73 10.61

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Semi-Annual Data
Jun19 Jun20 Jun21 Jun22 Jun23
Return-on-Tangible-Equity - 12.92 -1.32 0.73 10.61

Competitive Comparison of Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Return-on-Tangible-Equity

For the REIT - Diversified subindustry, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII'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.


Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's Return-on-Tangible-Equity falls into.



Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Return-on-Tangible-Equity Calculation

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=18.049/( (168.322+172.014 )/ 2 )
=18.049/170.168
=10.61 %

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2023 )  (Q: Jun. 2022 )(Q: Jun. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Jun. 2022 )(Q: Jun. 2023 )
=18.049/( (168.322+172.014)/ 2 )
=18.049/170.168
=10.61 %

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


Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII  (BSP:RSPD11) 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.


Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Return-on-Tangible-Equity Related Terms

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Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Rua do Rócio, 350, 14th Floor, Vila Olímpia, Sao Paulo, SP, BRA, 04552-000
Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII is a real estate investment trust. The company invests in real estate assets in form of closed condominium.

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) Headlines

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