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Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario (BSP:RBRS11) ROE % : 3.53% (As of Dec. 2023)


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What is Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's annualized net income for the quarter that ended in Dec. 2023 was R$5.72 Mil. Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was R$162.18 Mil. Therefore, Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's annualized ROE % for the quarter that ended in Dec. 2023 was 3.53%.

The historical rank and industry rank for Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's ROE % or its related term are showing as below:

BSP:RBRS11' s ROE % Range Over the Past 10 Years
Min: 0.42   Med: 6.03   Max: 11.4
Current: 3.53

During the past 4 years, Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's highest ROE % was 11.40%. The lowest was 0.42%. And the median was 6.03%.

BSP:RBRS11's ROE % is ranked worse than
60.82% of 924 companies
in the REITs industry
Industry Median: 5.355 vs BSP:RBRS11: 3.53

Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario ROE % Historical Data

The historical data trend for Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's ROE % 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.

Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario ROE % Chart

Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROE %
0.42 8.53 11.40 3.53

Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
ROE % 0.42 8.53 11.40 3.53

Competitive Comparison of Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's ROE %

For the REIT - Residential subindustry, Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's ROE %, along with its competitors' market caps and ROE % 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.


Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's ROE % distribution charts can be found below:

* The bar in red indicates where Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's ROE % falls into.


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Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario ROE % Calculation

Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=5.72/( (163.175+161.177)/ 2 )
=5.72/162.176
=3.53 %

Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Dec. 2022 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=5.72/( (163.175+161.177)/ 2 )
=5.72/162.176
=3.53 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is one times the annual (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario  (BSP:RBRS11) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=5.72/162.176
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5.72 / 10.258)*(10.258 / 194.32)*(194.32 / 162.176)
=Net Margin %*Asset Turnover*Equity Multiplier
=55.76 %*0.0528*1.1982
=ROA %*Equity Multiplier
=2.94 %*1.1982
=3.53 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=5.72/162.176
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (5.72 / 5.72) * (5.72 / 7.987) * (7.987 / 10.258) * (10.258 / 194.32) * (194.32 / 162.176)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.7162 * 77.86 % * 0.0528 * 1.1982
=3.53 %

Note: The net income data used here is one times the annual (Dec. 2023) net income data. The Revenue data used here is one times the annual (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario ROE % Related Terms

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Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario Business Description

Traded in Other Exchanges
N/A
Address
Av. Chedid Jafet, 222, Bloco B, 3rd Floor - Vila Olimpia, Sao Paulo, SP, BRA, 04511-065
Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario operates as a real estate investment fund. The company investment objective is to earn income from income and sale of real estate assets predominantly for residential use, located within the main urban centers with high density; close to universities, shopping centers and public transport; and high liquidity according to current consumption patterns.

Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario Headlines

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