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Fundo De Investimento Imobiliario Suno Energias Limpas (BSP:SNEL11) Return-on-Tangible-Equity : 6.34% (As of Dec. 2023)


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What is Fundo De Investimento Imobiliario Suno Energias Limpas 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 De Investimento Imobiliario Suno Energias Limpas's annualized net income for the quarter that ended in Dec. 2023 was R$3.03 Mil. Fundo De Investimento Imobiliario Suno Energias Limpas's average shareholder tangible equity for the quarter that ended in Dec. 2023 was R$47.82 Mil. Therefore, Fundo De Investimento Imobiliario Suno Energias Limpas's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 6.34%.

The historical rank and industry rank for Fundo De Investimento Imobiliario Suno Energias Limpas's Return-on-Tangible-Equity or its related term are showing as below:

BSP:SNEL11' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.08   Med: 3.21   Max: 6.34
Current: 6.34

During the past 2 years, Fundo De Investimento Imobiliario Suno Energias Limpas's highest Return-on-Tangible-Equity was 6.34%. The lowest was 0.08%. And the median was 3.21%.

BSP:SNEL11's Return-on-Tangible-Equity is ranked better than
55.35% of 916 companies
in the REITs industry
Industry Median: 5.715 vs BSP:SNEL11: 6.34

Fundo De Investimento Imobiliario Suno Energias Limpas Return-on-Tangible-Equity Historical Data

The historical data trend for Fundo De Investimento Imobiliario Suno Energias Limpas'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 De Investimento Imobiliario Suno Energias Limpas Return-on-Tangible-Equity Chart

Fundo De Investimento Imobiliario Suno Energias Limpas Annual Data
Trend Dec22 Dec23
Return-on-Tangible-Equity
0.08 6.34

Fundo De Investimento Imobiliario Suno Energias Limpas Semi-Annual Data
Dec22 Dec23
Return-on-Tangible-Equity 0.08 6.34

Competitive Comparison of Fundo De Investimento Imobiliario Suno Energias Limpas's Return-on-Tangible-Equity

For the REIT - Specialty subindustry, Fundo De Investimento Imobiliario Suno Energias Limpas'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 De Investimento Imobiliario Suno Energias Limpas's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fundo De Investimento Imobiliario Suno Energias Limpas's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Fundo De Investimento Imobiliario Suno Energias Limpas's Return-on-Tangible-Equity falls into.


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Fundo De Investimento Imobiliario Suno Energias Limpas Return-on-Tangible-Equity Calculation

Fundo De Investimento Imobiliario Suno Energias Limpas'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 )
=3.031/( (47.821+0 )/ 1 )
=3.031/47.821
=6.34 %

Fundo De Investimento Imobiliario Suno Energias Limpas'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 )
=3.031/( (47.821+0)/ 1 )
=3.031/47.821
=6.34 %

* 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 De Investimento Imobiliario Suno Energias Limpas  (BSP:SNEL11) 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 De Investimento Imobiliario Suno Energias Limpas Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Fundo De Investimento Imobiliario Suno Energias Limpas's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Fundo De Investimento Imobiliario Suno Energias Limpas Business Description

Traded in Other Exchanges
N/A
Address
Avenida Ataulfo de Paiva, 153 - Room 201, Rio de Janeiro, RJ, BRA, 22440032
Fundo De Investimento Imobiliario Suno Energias Limpas is a real estate fund hat invests in Clean and Renewable Energy ,being an democratic way for common investors to have access to a thesis that, in addition to being extremely profitable, generates a positive impact for society.

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