What is Workspace 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. Workspace Group's annualized net income for the quarter that ended in Mar. 2024 was £-89.2 Mil. Workspace Group's average shareholder tangible equity for the quarter that ended in Mar. 2024 was £1,576.1 Mil. Therefore, Workspace Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -5.66%.
The historical rank and industry rank for Workspace Group's Return-on-Tangible-Equity or its related term are showing as below:
LSE:WKP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.7 Med: 6.39 Max: 37.5
Current: -11.7
During the past 13 years, Workspace Group's highest Return-on-Tangible-Equity was 37.50%. The lowest was -12.70%. And the median was 6.39%.
LSE:WKP's Return-on-Tangible-Equity is ranked worse than 90.15% of 792
companies
in the REITs industry
Industry Median: 4.66
vs LSE:WKP: -11.70
Workspace Group Return-on-Tangible-Equity Historical Data
The historical data trend for Workspace 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 Workspace Group's Return-on-Tangible-Equity
For the REIT - Office subindustry, Workspace 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.
Workspace Group's Return-on-Tangible-Equity Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Workspace Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Workspace Group's Return-on-Tangible-Equity falls into.
Workspace Group Return-on-Tangible-Equity Calculation
Workspace Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Workspace Group (LSE:WKP) 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.
Workspace Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Workspace Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Workspace Group PLC is a real estate investment trust engaged in the acquisition, design, development, and ownership of office buildings throughout London. The company mainly focuses on leasing office properties to new and growing companies. The real estate assets in Workspace's portfolio are clustered around the London area of Farringdon and elsewhere in northern and central London. The company derives the vast majority of its income in the form of rental revenue from tenants organized into short-term leases. Workspace's tenants include marketing, business consultancy, fashion, finance, software, and architectural firms.
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