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Vinci Shopping Centers Fundo Investimento Imobiliario-FII (BSP:VISC11) Return-on-Tangible-Equity : 17.15% (As of Dec. 2023)


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What is Vinci Shopping Centers Fundo Investimento Imobiliario-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. Vinci Shopping Centers Fundo Investimento Imobiliario-FII's annualized net income for the quarter that ended in Dec. 2023 was R$440.8 Mil. Vinci Shopping Centers Fundo Investimento Imobiliario-FII's average shareholder tangible equity for the quarter that ended in Dec. 2023 was R$2,571.2 Mil. Therefore, Vinci Shopping Centers Fundo Investimento Imobiliario-FII's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 17.15%.

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

BSP:VISC11' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.79   Med: 12.01   Max: 26.13
Current: 17.15

During the past 8 years, Vinci Shopping Centers Fundo Investimento Imobiliario-FII's highest Return-on-Tangible-Equity was 26.13%. The lowest was 1.79%. And the median was 12.01%.

BSP:VISC11's Return-on-Tangible-Equity is ranked better than
90.3% of 794 companies
in the REITs industry
Industry Median: 4.675 vs BSP:VISC11: 17.15

Vinci Shopping Centers Fundo Investimento Imobiliario-FII Return-on-Tangible-Equity Historical Data

The historical data trend for Vinci Shopping Centers Fundo Investimento Imobiliario-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.

Vinci Shopping Centers Fundo Investimento Imobiliario-FII Return-on-Tangible-Equity Chart

Vinci Shopping Centers Fundo Investimento Imobiliario-FII Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial 26.13 1.79 4.18 13.86 17.15

Vinci Shopping Centers Fundo Investimento Imobiliario-FII Semi-Annual Data
Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity Get a 7-Day Free Trial 26.13 1.79 4.18 13.86 17.15

Competitive Comparison of Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Return-on-Tangible-Equity

For the REIT - Retail subindustry, Vinci Shopping Centers Fundo Investimento Imobiliario-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.


Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Return-on-Tangible-Equity Distribution in the REITs Industry

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

* The bar in red indicates where Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Return-on-Tangible-Equity falls into.



Vinci Shopping Centers Fundo Investimento Imobiliario-FII Return-on-Tangible-Equity Calculation

Vinci Shopping Centers Fundo Investimento Imobiliario-FII'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 )
=440.847/( (2302.056+2840.393 )/ 2 )
=440.847/2571.2245
=17.15 %

Vinci Shopping Centers Fundo Investimento Imobiliario-FII'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 )
=440.847/( (2302.056+2840.393)/ 2 )
=440.847/2571.2245
=17.15 %

* 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.


Vinci Shopping Centers Fundo Investimento Imobiliario-FII  (BSP:VISC11) 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.


Vinci Shopping Centers Fundo Investimento Imobiliario-FII Return-on-Tangible-Equity Related Terms

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


Vinci Shopping Centers Fundo Investimento Imobiliario-FII (BSP:VISC11) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Bartolomeu Mitre, 336, Leblon, Rio de Janeiro, RJ, BRA, 22431-002
Vinci Shopping Centers Fundo Investimento Imobiliario-FII is a real estate investment trust. The company invests in real estate properties of shopping centers and / or related, such as strip malls, outlet centers, among others. The objective of the Fund is to obtain income through the investment of resources, predominantly in real estate, as well as in any real rights over real estate or, even, through indirect investment in real estate through the acquisition of real estate assets.

Vinci Shopping Centers Fundo Investimento Imobiliario-FII (BSP:VISC11) Headlines

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