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Retail Estates (STU:R6N) ROA % : 3.93% (As of Sep. 2024)


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What is Retail Estates ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Retail Estates's annualized Net Income for the quarter that ended in Sep. 2024 was €83.8 Mil. Retail Estates's average Total Assets over the quarter that ended in Sep. 2024 was €2,128.8 Mil. Therefore, Retail Estates's annualized ROA % for the quarter that ended in Sep. 2024 was 3.93%.

The historical rank and industry rank for Retail Estates's ROA % or its related term are showing as below:

STU:R6N' s ROA % Range Over the Past 10 Years
Min: 3.46   Med: 4.46   Max: 9.49
Current: 3.72

During the past 13 years, Retail Estates's highest ROA % was 9.49%. The lowest was 3.46%. And the median was 4.46%.

STU:R6N's ROA % is ranked better than
64.03% of 923 companies
in the REITs industry
Industry Median: 2.45 vs STU:R6N: 3.72

Retail Estates ROA % Historical Data

The historical data trend for Retail Estates's ROA % 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.

Retail Estates ROA % Chart

Retail Estates Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.47 3.46 7.38 9.49 5.96

Retail Estates Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
ROA % 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 11.33 7.61 8.57 3.48 3.93

Competitive Comparison of Retail Estates's ROA %

For the REIT - Retail subindustry, Retail Estates's ROA %, along with its competitors' market caps and ROA % 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.


Retail Estates's ROA % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Retail Estates's ROA % distribution charts can be found below:

* The bar in red indicates where Retail Estates's ROA % falls into.



Retail Estates ROA % Calculation

Retail Estates's annualized ROA % for the fiscal year that ended in Mar. 2024 is calculated as:

ROA %=Net Income (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=122.967/( (1993.365+2130.942)/ 2 )
=122.967/2062.1535
=5.96 %

Retail Estates's annualized ROA % for the quarter that ended in Sep. 2024 is calculated as:

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=83.754/( (2130.942+2126.687)/ 2 )
=83.754/2128.8145
=3.93 %

* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Sep. 2024) net income data. ROA % is displayed in the 30-year financial page.


Retail Estates  (STU:R6N) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=83.754/2128.8145
=(Net Income / Revenue)*(Revenue / Total Assets)
=(83.754 / 157.728)*(157.728 / 2128.8145)
=Net Margin %*Asset Turnover
=53.1 %*0.0741
=3.93 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2024) net income data. The Revenue data used here is two times the semi-annual (Sep. 2024) revenue data.

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Retail Estates ROA % Related Terms

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Retail Estates Business Description

Traded in Other Exchanges
Address
Industrielaan 6, Ternat, BEL, 1740
Retail Estates SA is a real estate investment trust that invests mainly in retail properties located on the periphery of residential areas or along access roads to urban centers, mainly in the Flemish and Wallonia Regions of Belgium. The company buys these properties from third parties or builds and markets retail buildings for its account. It rents its properties in a structural state, with the furnishings, fittings, and maintenance left to the discretion of the tenants. Geographically, it derives a majority of its revenue in the form of rental income from Belgium.

Retail Estates Headlines

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