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BlackRock Smaller Trust (CHIX:BRSCL) ROE % : 54.51% (As of Aug. 2024)


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What is BlackRock Smaller Trust ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. BlackRock Smaller Trust's annualized net income for the quarter that ended in Aug. 2024 was £396.9 Mil. BlackRock Smaller Trust's average Total Stockholders Equity over the quarter that ended in Aug. 2024 was £728.0 Mil. Therefore, BlackRock Smaller Trust's annualized ROE % for the quarter that ended in Aug. 2024 was 54.51%.

The historical rank and industry rank for BlackRock Smaller Trust's ROE % or its related term are showing as below:

CHIX:BRSCl' s ROE % Range Over the Past 10 Years
Min: -16.8   Med: 6.24   Max: 24.41
Current: 17.28

During the past 13 years, BlackRock Smaller Trust's highest ROE % was 24.41%. The lowest was -16.80%. And the median was 6.24%.

CHIX:BRSCl's ROE % is ranked better than
82.76% of 1671 companies
in the Asset Management industry
Industry Median: 6.43 vs CHIX:BRSCl: 17.28

BlackRock Smaller Trust ROE % Historical Data

The historical data trend for BlackRock Smaller Trust'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.

BlackRock Smaller Trust ROE % Chart

BlackRock Smaller Trust Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.91 14.56 6.95 -16.80 -4.53

BlackRock Smaller Trust Quarterly Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
ROE % 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 -74.77 8.02 -31.25 15.49 54.51

Competitive Comparison of BlackRock Smaller Trust's ROE %

For the Asset Management subindustry, BlackRock Smaller Trust'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.


BlackRock Smaller Trust's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BlackRock Smaller Trust's ROE % distribution charts can be found below:

* The bar in red indicates where BlackRock Smaller Trust's ROE % falls into.



BlackRock Smaller Trust ROE % Calculation

BlackRock Smaller Trust's annualized ROE % for the fiscal year that ended in Feb. 2024 is calculated as

ROE %=Net Income (A: Feb. 2024 )/( (Total Stockholders Equity (A: Feb. 2023 )+Total Stockholders Equity (A: Feb. 2024 ))/ count )
=-32.701/( (758.529+686.206)/ 2 )
=-32.701/722.3675
=-4.53 %

BlackRock Smaller Trust's annualized ROE % for the quarter that ended in Aug. 2024 is calculated as

ROE %=Net Income (Q: Aug. 2024 )/( (Total Stockholders Equity (Q: Feb. 2024 )+Total Stockholders Equity (Q: Aug. 2024 ))/ count )
=396.852/( (686.206+769.734)/ 2 )
=396.852/727.97
=54.51 %

* 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 four times the quarterly (Aug. 2024) net income data. ROE % is displayed in the 30-year financial page.


BlackRock Smaller Trust  (CHIX:BRSCl) 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: Aug. 2024 )
=Net Income/Total Stockholders Equity
=396.852/727.97
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(396.852 / 399.224)*(399.224 / 813.185)*(813.185 / 727.97)
=Net Margin %*Asset Turnover*Equity Multiplier
=99.41 %*0.4909*1.1171
=ROA %*Equity Multiplier
=48.8 %*1.1171
=54.51 %

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: Aug. 2024 )
=Net Income/Total Stockholders Equity
=396.852/727.97
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (396.852 / 397.072) * (397.072 / 399.224) * (399.224 / 813.185) * (813.185 / 727.97)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.9994 * 99.46 % * 0.4909 * 1.1171
=54.51 %

Note: The net income data used here is four times the quarterly (Aug. 2024) net income data. The Revenue data used here is four times the quarterly (Aug. 2024) 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.


BlackRock Smaller Trust ROE % Related Terms

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BlackRock Smaller Trust Business Description

Traded in Other Exchanges
Address
1 Semple Street, Exchange Place One, Edinburgh, GBR, EH3 8BL
BlackRock Smaller Companies Trust PLC is a UK-based investment trust company. Its investment objective is to achieve long-term capital growth for shareholders through investment mainly in smaller UK quoted companies. The company mainly attracts long-term private and institutional investors wanting to benefit from the growth prospects of smaller companies. It focuses on investing UK smaller companies which are listed on the London Stock Exchange or on the Alternative Investment Market. The firm has adopted a consistent investment process, focusing on good quality growth companies that are trading well and it also considers sector weightings and underlying themes and method of stock selection.

BlackRock Smaller Trust Headlines

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