GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Corio NV (LTS:0LNK) » Definitions » ROE %

Corio NV (LTS:0LNK) ROE % : -6.40% (As of Dec. 2013)


View and export this data going back to . Start your Free Trial

What is Corio NV ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Corio NV's annualized net income for the quarter that ended in Dec. 2013 was €-250.5 Mil. Corio NV's average Total Stockholders Equity over the quarter that ended in Dec. 2013 was €3,913.1 Mil. Therefore, Corio NV's annualized ROE % for the quarter that ended in Dec. 2013 was -6.40%.

The historical rank and industry rank for Corio NV's ROE % or its related term are showing as below:

LTS:0LNK's ROE % is not ranked *
in the REITs industry.
Industry Median: 4.32
* Ranked among companies with meaningful ROE % only.

Corio NV ROE % Historical Data

The historical data trend for Corio NV'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.

Corio NV ROE % Chart

Corio NV Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.85 9.70 5.14 0.38 -6.40

Corio NV Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.85 9.70 5.14 0.38 -6.40

Competitive Comparison of Corio NV's ROE %

For the REIT - Retail subindustry, Corio NV'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.


Corio NV's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Corio NV's ROE % distribution charts can be found below:

* The bar in red indicates where Corio NV's ROE % falls into.



Corio NV ROE % Calculation

Corio NV's annualized ROE % for the fiscal year that ended in Dec. 2013 is calculated as

ROE %=Net Income (A: Dec. 2013 )/( (Total Stockholders Equity (A: Dec. 2012 )+Total Stockholders Equity (A: Dec. 2013 ))/ count )
=-250.5/( (4130.5+3695.7)/ 2 )
=-250.5/3913.1
=-6.40 %

Corio NV's annualized ROE % for the quarter that ended in Dec. 2013 is calculated as

ROE %=Net Income (Q: Dec. 2013 )/( (Total Stockholders Equity (Q: Dec. 2012 )+Total Stockholders Equity (Q: Dec. 2013 ))/ count )
=-250.5/( (4130.5+3695.7)/ 2 )
=-250.5/3913.1
=-6.40 %

* 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. 2013) net income data. ROE % is displayed in the 30-year financial page.


Corio NV  (LTS:0LNK) 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. 2013 )
=Net Income/Total Stockholders Equity
=-250.5/3913.1
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-250.5 / 462.2)*(462.2 / 7545.3)*(7545.3 / 3913.1)
=Net Margin %*Asset Turnover*Equity Multiplier
=-54.2 %*0.0613*1.9282
=ROA %*Equity Multiplier
=-3.32 %*1.9282
=-6.40 %

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. 2013 )
=Net Income/Total Stockholders Equity
=-250.5/3913.1
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-250.5 / -228.3) * (-228.3 / -228.3) * (-228.3 / 462.2) * (462.2 / 7545.3) * (7545.3 / 3913.1)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0972 * 1 * -49.39 % * 0.0613 * 1.9282
=-6.40 %

Note: The net income data used here is one times the annual (Dec. 2013) net income data. The Revenue data used here is one times the annual (Dec. 2013) 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.


Corio NV ROE % Related Terms

Thank you for viewing the detailed overview of Corio NV's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Corio NV (LTS:0LNK) Business Description

Traded in Other Exchanges
N/A
Address
Website
Corio NV was formed in 2000 by the merger between VIB and WBN. It is a retail property company engaged in developing, redeveloping and managing retail properties such as shops and shopping centers, offices and industrial centers in the Netherlands, France, Italy, Spain, Turkey and Germany. The Company has grown from a Dutch mixed retail fund to a pan-European real estate company with a clear focus on retail. The Company has a presence in the largest consumer markets in continental Europe, management is fully in-sourced and the business has a solid financial position. In the changing retail landscape the Company is now ready to enter the next phase and take advantage of future opportunities and dynamics in the industry. The Company has set up an internal platform, called LaunchLab, focused on helping the Company to innovate and execute the Favorite Meeting Place strategy. The programme aims to discover new strategic insights, as well as support innovative ideas to quickly move into action, boosting revenues from other income streams. The Company has six local organisations: Corio Nederland, Corio France, Corio Italia, Corio España, Corio Türkiye and Corio Deutschland. They are responsible for the daily management of Corio's real estate portfolio. Corio N.V. (the Management Board and its general staff) retains the checks and balances. The general staff reports directly to the Management Board of Corio N.V. The green brick is a reward for the sustainable real estate investor of the year.

Corio NV (LTS:0LNK) Headlines

No Headlines