What is Big Yellow Group 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. Big Yellow Group's annualized net income for the quarter that ended in Sep. 2023 was £239.2 Mil. Big Yellow Group's average shareholder tangible equity for the quarter that ended in Sep. 2023 was £2,221.3 Mil. Therefore, Big Yellow Group's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 10.77%.
The historical rank and industry rank for Big Yellow Group's Return-on-Tangible-Equity or its related term are showing as below:
CHIX:BYGl'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.36 Med: 13.12 Max: 38.36
Current: 8.5
During the past 13 years, Big Yellow Group's highest Return-on-Tangible-Equity was 38.36%. The lowest was 3.36%. And the median was 13.12%.
CHIX:BYGl's Return-on-Tangible-Equity is ranked better than 70.58% of 792
companies
in the REITs industry
Industry Median: 4.595
vs CHIX:BYGl: 8.50
Big Yellow Group Return-on-Tangible-Equity Historical Data
The historical data trend for Big Yellow 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 Big Yellow Group's Return-on-Tangible-Equity
For the REIT - Industrial subindustry, Big Yellow 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.
Big Yellow Group's Return-on-Tangible-Equity Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Big Yellow Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Big Yellow Group's Return-on-Tangible-Equity falls into.
Big Yellow Group Return-on-Tangible-Equity Calculation
Big Yellow Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 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 (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Big Yellow Group (CHIX:BYGl) 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.
Big Yellow Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Big Yellow Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Big Yellow Group PLC is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United Kingdom. The company controls a real estate portfolio of storage properties operated mainly under the Big Yellow brand, with a smaller proportion also run under the lower-frills Armadillo Self Storage brand. Big Yellow's facilities are located across London and the Southeast region of the U.K. The company derives the vast majority of its revenue in the form of self-storage income from its locations in London and the South East. A substantial percentage also comes from sales of packing materials and insurance. Big Yellow's customers include individuals, retailers, professional service companies, hospitality firms, and wholesale merchants.
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