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Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario (BSP:SADI11) ROE % : 7.89% (As of Dec. 2023)


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What is Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario's annualized net income for the quarter that ended in Dec. 2023 was R$18.30 Mil. Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was R$231.81 Mil. Therefore, Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario's annualized ROE % for the quarter that ended in Dec. 2023 was 7.89%.

The historical rank and industry rank for Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario's ROE % or its related term are showing as below:

BSP:SADI11' s ROE % Range Over the Past 10 Years
Min: 3.03   Med: 6.36   Max: 10.23
Current: 7.89

During the past 5 years, Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario's highest ROE % was 10.23%. The lowest was 3.03%. And the median was 6.36%.

BSP:SADI11's ROE % is ranked better than
69.41% of 922 companies
in the REITs industry
Industry Median: 5 vs BSP:SADI11: 7.89

Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario ROE % Historical Data

The historical data trend for Santander Papeis Imobiliarios Cdi Fundo DE Investimento 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.

Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario ROE % Chart

Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
- 3.03 4.82 10.23 7.89

Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
ROE % - 3.03 4.82 10.23 7.89

Competitive Comparison of Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario's ROE %

For the REIT - Specialty subindustry, Santander Papeis Imobiliarios Cdi Fundo DE Investimento 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.


Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario's ROE % distribution charts can be found below:

* The bar in red indicates where Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario's ROE % falls into.



Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario ROE % Calculation

Santander Papeis Imobiliarios Cdi Fundo DE Investimento 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 )
=18.295/( (314.971+148.658)/ 2 )
=18.295/231.8145
=7.89 %

Santander Papeis Imobiliarios Cdi Fundo DE Investimento 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 )
=18.295/( (314.971+148.658)/ 2 )
=18.295/231.8145
=7.89 %

* 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.


Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario  (BSP:SADI11) 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
=18.295/231.8145
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(18.295 / 19.797)*(19.797 / 234.9005)*(234.9005 / 231.8145)
=Net Margin %*Asset Turnover*Equity Multiplier
=92.41 %*0.0843*1.0133
=ROA %*Equity Multiplier
=7.79 %*1.0133
=7.89 %

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
=18.295/231.8145
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (18.295 / 18.295) * (18.295 / 17.773) * (17.773 / 19.797) * (19.797 / 234.9005) * (234.9005 / 231.8145)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 1.0294 * 89.78 % * 0.0843 * 1.0133
=7.89 %

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.


Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario ROE % Related Terms

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Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario Business Description

Traded in Other Exchanges
N/A
Address
R Amador Bueno 474, Bloco D, Sao Paulo, SP, BRA, 4752005
Santander Papeis Imobiliarios Cdi Fundo DE Investimento Imobiliario is a real estate investment trust. It aims to invest in CRIs (Certificates of Real Estate Receivables) and mobile values.

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