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Frasers Commercial Trust (SGX:UP8) Return-on-Tangible-Equity : 3.99% (As of Dec. 2019)


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What is Frasers Commercial 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. Frasers Commercial Trust's annualized net income for the quarter that ended in Dec. 2019 was S$59.50 Mil. Frasers Commercial Trust's average shareholder tangible equity for the quarter that ended in Dec. 2019 was S$1,489.73 Mil. Therefore, Frasers Commercial Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2019 was 3.99%.

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

SGX:UP8' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.19   Med: 8.48   Max: 13.24
Current: 10.47

During the past 13 years, Frasers Commercial Trust's highest Return-on-Tangible-Equity was 13.24%. The lowest was 5.19%. And the median was 8.48%.

SGX:UP8's Return-on-Tangible-Equity is not ranked
in the REITs industry.
Industry Median: 4.635 vs SGX:UP8: 10.47

Frasers Commercial Trust Return-on-Tangible-Equity Historical Data

The historical data trend for Frasers Commercial 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.

Frasers Commercial Trust Return-on-Tangible-Equity Chart

Frasers Commercial Trust Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.54 5.85 8.85 10.42 10.18

Frasers Commercial Trust Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 3.95 6.29 2.77 30.29 3.99

Competitive Comparison of Frasers Commercial Trust's Return-on-Tangible-Equity

For the REIT - Office subindustry, Frasers Commercial 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.


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

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

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



Frasers Commercial Trust Return-on-Tangible-Equity Calculation

Frasers Commercial Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2019 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Sep. 2019 )  (A: Sep. 2018 )(A: Sep. 2019 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Sep. 2019 )  (A: Sep. 2018 )(A: Sep. 2019 )
=148.247/( (1430.831+1481.493 )/ 2 )
=148.247/1456.162
=10.18 %

Frasers Commercial Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2019 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2019 )  (Q: Sep. 2019 )(Q: Dec. 2019 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2019 )  (Q: Sep. 2019 )(Q: Dec. 2019 )
=59.496/( (1481.493+1497.968)/ 2 )
=59.496/1489.7305
=3.99 %

* 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 (Dec. 2019) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Frasers Commercial Trust  (SGX:UP8) 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.


Frasers Commercial Trust Return-on-Tangible-Equity Related Terms

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


Frasers Commercial Trust (SGX:UP8) Business Description

Traded in Other Exchanges
N/A
Address
438 Alexandra Road, No. 21-00 Alexandra Point, Singapore, SGP, 119958
Frasers Commercial Trust is an office and business park real estate investment trust with properties valued at around SGD 2.1 billion. The trust owns six properties: three in Australia, two in Singapore, and one in the United Kingdom. The trust wholly owns four of them, while Central Park and Farnborough Business Park are 50%-owned. Only two properties that the trust owns are located in the heart of a central business district. The trust is externally managed by Frasers Commercial Asset Management, and parent Frasers Property retains a 26% stake.

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