GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » FIBRA Macquarie (MEX:FIBRAMQ12) » Definitions » Return-on-Tangible-Equity

FIBRA Macquarie (MEX:FIBRAMQ12) Return-on-Tangible-Equity : 11.75% (As of Mar. 2024)


View and export this data going back to 2012. Start your Free Trial

What is FIBRA Macquarie 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. FIBRA Macquarie's annualized net income for the quarter that ended in Mar. 2024 was MXN4,143 Mil. FIBRA Macquarie's average shareholder tangible equity for the quarter that ended in Mar. 2024 was MXN35,255 Mil. Therefore, FIBRA Macquarie's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 11.75%.

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

MEX:FIBRAMQ12' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.05   Med: 10.12   Max: 26.9
Current: 17.25

During the past 12 years, FIBRA Macquarie's highest Return-on-Tangible-Equity was 26.90%. The lowest was 2.05%. And the median was 10.12%.

MEX:FIBRAMQ12's Return-on-Tangible-Equity is ranked better than
90.55% of 794 companies
in the REITs industry
Industry Median: 4.635 vs MEX:FIBRAMQ12: 17.25

FIBRA Macquarie Return-on-Tangible-Equity Historical Data

The historical data trend for FIBRA Macquarie'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.

FIBRA Macquarie Return-on-Tangible-Equity Chart

FIBRA Macquarie Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.05 6.22 26.90 8.68 11.55

FIBRA Macquarie Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -10.21 17.51 25.99 13.99 11.75

Competitive Comparison of FIBRA Macquarie's Return-on-Tangible-Equity

For the REIT - Industrial subindustry, FIBRA Macquarie'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.


FIBRA Macquarie's Return-on-Tangible-Equity Distribution in the REITs Industry

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

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



FIBRA Macquarie Return-on-Tangible-Equity Calculation

FIBRA Macquarie'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 )
=3967.212/( (33476.858+35195.357 )/ 2 )
=3967.212/34336.1075
=11.55 %

FIBRA Macquarie's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=4143.336/( (35195.357+35315.32)/ 2 )
=4143.336/35255.3385
=11.75 %

* 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 four times the quarterly (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


FIBRA Macquarie  (MEX:FIBRAMQ12) 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.


FIBRA Macquarie Return-on-Tangible-Equity Related Terms

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


FIBRA Macquarie (MEX:FIBRAMQ12) Business Description

Traded in Other Exchanges
Address
Calzada Mariano Escobedo 595, Polanco Quinta Sección, Alcaldía Miguel Hidalgo, Mexico City, HGO, MEX, 11560
FIBRA Macquarie is a real estate investment trust engaged in the acquisition, ownership, and leasing of real estate properties in Mexico. The company's real estate portfolio is comprised of industrial, retail, and office space. Industrial buildings represent the vast majority of FIBRA Macquarie's total number of properties, total square footage, and total revenue. Most of these industrial locations are used as manufacturing facilities and are located in Northern Mexico. FIBRA Macquarie derives nearly all of its revenue in the form of rental income from tenants. The company's major customers are automotive, electronics, and consumer products, manufacturers, and others.

FIBRA Macquarie (MEX:FIBRAMQ12) Headlines

No Headlines