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BWP Trust (FRA:GJZ) Return-on-Tangible-Equity : 4.41% (As of Dec. 2023)


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What is BWP Trust 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. BWP Trust's annualized net income for the quarter that ended in Dec. 2023 was €65.34 Mil. BWP Trust's average shareholder tangible equity for the quarter that ended in Dec. 2023 was €1,482.02 Mil. Therefore, BWP Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 4.41%.

The historical rank and industry rank for BWP Trust's Return-on-Tangible-Equity or its related term are showing as below:

FRA:GJZ' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.87   Med: 12.79   Max: 21.15
Current: -0.87

During the past 13 years, BWP Trust's highest Return-on-Tangible-Equity was 21.15%. The lowest was -0.87%. And the median was 12.79%.

FRA:GJZ's Return-on-Tangible-Equity is ranked worse than
73.64% of 793 companies
in the REITs industry
Industry Median: 4.69 vs FRA:GJZ: -0.87

BWP Trust Return-on-Tangible-Equity Historical Data

The historical data trend for BWP Trust'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.

BWP Trust Return-on-Tangible-Equity Chart

BWP Trust Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.94 10.95 13.10 21.60 1.45

BWP Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.76 11.58 8.67 -5.95 4.41

Competitive Comparison of BWP Trust's Return-on-Tangible-Equity

For the REIT - Industrial subindustry, BWP Trust'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.


BWP Trust's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, BWP Trust's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where BWP Trust's Return-on-Tangible-Equity falls into.



BWP Trust Return-on-Tangible-Equity Calculation

BWP Trust'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 )
=22.73/( (1652.9+1490.354 )/ 2 )
=22.73/1571.627
=1.45 %

BWP Trust'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: Jun. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=65.342/( (1490.354+1473.681)/ 2 )
=65.342/1482.0175
=4.41 %

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


BWP Trust  (FRA:GJZ) 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.


BWP Trust Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of BWP Trust's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


BWP Trust (FRA:GJZ) Business Description

Industry
Traded in Other Exchanges
Address
123 St Georges Terrace, Level 14, Brookfield Place Tower 2, Perth, WA, AUS, 6000
BWP Trust is an Australian REIT focused on owing warehouse/bulky goods retailing properties with relatively large sites and high visibility and access to arterial roads. The portfolio of properties it owns are diversified across most Australian states and are on long-term leases to Australia's dominant home improvement chain: Bunnings Group. Bunnings is a wholly owned subsidiary of Wesfarmers. Wesfarmers is a wide-moat, top 10 ASX-listed company by market capitalisation. BWP Trust is also externally managed by a wholly owned subsidiary of Wesfarmers and Wesfarmers also owns 24% of the units in the trust.

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