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Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) ROE % : 10.61% (As of Jun. 2023)


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What is Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's annualized net income for the quarter that ended in Jun. 2023 was R$18.05 Mil. Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's average Total Stockholders Equity over the quarter that ended in Jun. 2023 was R$170.17 Mil. Therefore, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's annualized ROE % for the quarter that ended in Jun. 2023 was 10.61%.

The historical rank and industry rank for Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's ROE % or its related term are showing as below:

BSP:RSPD11' s ROE % Range Over the Past 10 Years
Min: -1.32   Med: 5.67   Max: 12.92
Current: 10.61

During the past 5 years, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's highest ROE % was 12.92%. The lowest was -1.32%. And the median was 5.67%.

BSP:RSPD11's ROE % is ranked better than
79.45% of 793 companies
in the REITs industry
Industry Median: 4.32 vs BSP:RSPD11: 10.61

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII ROE % Historical Data

The historical data trend for Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII'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.

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII ROE % Chart

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
ROE %
- 12.92 -1.32 0.73 10.61

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII Semi-Annual Data
Jun19 Jun20 Jun21 Jun22 Jun23
ROE % - 12.92 -1.32 0.73 10.61

Competitive Comparison of Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's ROE %

For the REIT - Diversified subindustry, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII'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.


Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's ROE % distribution charts can be found below:

* The bar in red indicates where Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's ROE % falls into.



Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII ROE % Calculation

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's annualized ROE % for the fiscal year that ended in Jun. 2023 is calculated as

ROE %=Net Income (A: Jun. 2023 )/( (Total Stockholders Equity (A: Jun. 2022 )+Total Stockholders Equity (A: Jun. 2023 ))/ count )
=18.049/( (168.322+172.014)/ 2 )
=18.049/170.168
=10.61 %

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII's annualized ROE % for the quarter that ended in Jun. 2023 is calculated as

ROE %=Net Income (Q: Jun. 2023 )/( (Total Stockholders Equity (Q: Jun. 2022 )+Total Stockholders Equity (Q: Jun. 2023 ))/ count )
=18.049/( (168.322+172.014)/ 2 )
=18.049/170.168
=10.61 %

* 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 (Jun. 2023) net income data. ROE % is displayed in the 30-year financial page.


Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII  (BSP:RSPD11) 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: Jun. 2023 )
=Net Income/Total Stockholders Equity
=18.049/170.168
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(18.049 / 21.587)*(21.587 / 171.045)*(171.045 / 170.168)
=Net Margin %*Asset Turnover*Equity Multiplier
=83.61 %*0.1262*1.0052
=ROA %*Equity Multiplier
=10.55 %*1.0052
=10.61 %

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: Jun. 2023 )
=Net Income/Total Stockholders Equity
=18.049/170.168
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (18.049 / 18.049) * (18.049 / 18.084) * (18.084 / 21.587) * (21.587 / 171.045) * (171.045 / 170.168)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.9981 * 83.77 % * 0.1262 * 1.0052
=10.61 %

Note: The net income data used here is one times the annual (Jun. 2023) net income data. The Revenue data used here is one times the annual (Jun. 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.


Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII ROE % Related Terms

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Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Rua do Rócio, 350, 14th Floor, Vila Olímpia, Sao Paulo, SP, BRA, 04552-000
Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII is a real estate investment trust. The company invests in real estate assets in form of closed condominium.

Rb Capital Desenvolvimento Residencial Iii Fundo DE Inv Imob FII (BSP:RSPD11) Headlines

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