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Keystone Infra (XTAE:KSTN) Return-on-Tangible-Equity : 9.70% (As of Mar. 2024)


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What is Keystone Infra 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. Keystone Infra's annualized net income for the quarter that ended in Mar. 2024 was ₪190.22 Mil. Keystone Infra's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₪1,960.62 Mil. Therefore, Keystone Infra's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 9.70%.

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

XTAE:KSTN' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.3   Med: 8.32   Max: 26.64
Current: 21.56

During the past 5 years, Keystone Infra's highest Return-on-Tangible-Equity was 26.64%. The lowest was 4.30%. And the median was 8.32%.

XTAE:KSTN's Return-on-Tangible-Equity is ranked better than
93.3% of 791 companies
in the REITs industry
Industry Median: 4.6 vs XTAE:KSTN: 21.56

Keystone Infra Return-on-Tangible-Equity Historical Data

The historical data trend for Keystone Infra'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.

Keystone Infra Return-on-Tangible-Equity Chart

Keystone Infra Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
- 4.30 9.02 7.62 26.64

Keystone Infra Quarterly Data
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 29.09 23.10 11.89 43.02 9.70

Competitive Comparison of Keystone Infra's Return-on-Tangible-Equity

For the REIT - Specialty subindustry, Keystone Infra'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.


Keystone Infra's Return-on-Tangible-Equity Distribution in the REITs Industry

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

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



Keystone Infra Return-on-Tangible-Equity Calculation

Keystone Infra'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 )
=443.881/( (1474.23+1858.111 )/ 2 )
=443.881/1666.1705
=26.64 %

Keystone Infra'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 )
=190.22/( (1858.111+2063.124)/ 2 )
=190.22/1960.6175
=9.70 %

* 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.


Keystone Infra  (XTAE:KSTN) 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.


Keystone Infra Return-on-Tangible-Equity Related Terms

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


Keystone Infra (XTAE:KSTN) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4 Ariel Sharon Street, Hashachar Tower, 37th Floor, Givatayim, ISR, 5320045
Keystone Infra Ltd is a yielding infrastructure investment fund. It is a fund for investment in infrastructure - water desalination, traditional and renewable energy, transportation, and communications.

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