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First Mutual Properties (XZIM:FMP.ZW) Return-on-Tangible-Equity : 5.69% (As of Dec. 2024)


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What is First Mutual Properties 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. First Mutual Properties's annualized net income for the quarter that ended in Dec. 2024 was ZWG175.2 Mil. First Mutual Properties's average shareholder tangible equity for the quarter that ended in Dec. 2024 was ZWG3,079.5 Mil. Therefore, First Mutual Properties's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 5.69%.

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

XZIM:FMP.ZW' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -50.21   Med: 3.03   Max: 71.25
Current: -50.21

During the past 10 years, First Mutual Properties's highest Return-on-Tangible-Equity was 71.25%. The lowest was -50.21%. And the median was 3.03%.

XZIM:FMP.ZW's Return-on-Tangible-Equity is ranked worse than
95.81% of 1717 companies
in the Real Estate industry
Industry Median: 3.48 vs XZIM:FMP.ZW: -50.21

First Mutual Properties Return-on-Tangible-Equity Historical Data

The historical data trend for First Mutual Properties'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.

First Mutual Properties Return-on-Tangible-Equity Chart

First Mutual Properties Annual Data
Trend Dec10 Dec11 Dec12 Dec14 Dec15 Dec16 Dec17 Dec18 Dec23 Dec24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 1.33 3.14 71.25 -49.51

First Mutual Properties Semi-Annual Data
Jun11 Dec11 Jun12 Dec12 Jun13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Jun23 Dec23 Jun24 Dec24
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 192.74 39.44 - -107.63 5.69

Competitive Comparison of First Mutual Properties's Return-on-Tangible-Equity

For the Real Estate Services subindustry, First Mutual Properties'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.


First Mutual Properties's Return-on-Tangible-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, First Mutual Properties's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where First Mutual Properties's Return-on-Tangible-Equity falls into.


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First Mutual Properties Return-on-Tangible-Equity Calculation

First Mutual Properties's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=-1546.108/( (0+3123.094 )/ 1 )
=-1546.108/3123.094
=-49.51 %

First Mutual Properties's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=175.17/( (3035.887+3123.094)/ 2 )
=175.17/3079.4905
=5.69 %

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


First Mutual Properties  (XZIM:FMP.ZW) 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.


First Mutual Properties Return-on-Tangible-Equity Related Terms

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


First Mutual Properties Business Description

Traded in Other Exchanges
N/A
Address
100 Liberation Legacy Way, First Floor, First Mutual Park, Borrowdale, Harare, ZWE
First Mutual Properties Ltd is principally engaged in property investment, development, and management. The company's segments include office, retail, industrial, and other segments. The office segment acquires, develops, and leases offices in the central business district and office parks, and earns maximum revenue for the company. The retail segment acquires, develops, and leases shops and the industrial segment comprises properties situated in designated industrial areas of Zimbabwe. The industrial segment comprises properties situated in designated industrial areas of Zimbabwe, and the other segment comprises residential properties, undeveloped land and income generated from other property services, and Group administration costs, profit or loss from disposals of investment property.

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