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Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II (BSP:CRFF11) ROE % : 16.14% (As of Dec. 2023)


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What is Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's annualized net income for the quarter that ended in Dec. 2023 was R$9.72 Mil. Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was R$60.24 Mil. Therefore, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's annualized ROE % for the quarter that ended in Dec. 2023 was 16.14%.

The historical rank and industry rank for Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's ROE % or its related term are showing as below:

BSP:CRFF11' s ROE % Range Over the Past 10 Years
Min: -10.91   Med: 3.89   Max: 16.14
Current: 16.14

During the past 8 years, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's highest ROE % was 16.14%. The lowest was -10.91%. And the median was 3.89%.

BSP:CRFF11's ROE % is ranked better than
89.55% of 794 companies
in the REITs industry
Industry Median: 4.32 vs BSP:CRFF11: 16.14

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ROE % Historical Data

The historical data trend for Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II'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.

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ROE % Chart

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II Annual Data
Trend Dec13 Dec14 Dec15 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial 12.33 -10.91 -1.17 2.96 16.14

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II Semi-Annual Data
Dec13 Dec14 Dec15 Dec19 Dec20 Dec21 Dec22 Dec23
ROE % Get a 7-Day Free Trial 12.33 -10.91 -1.17 2.96 16.14

Competitive Comparison of Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's ROE %

For the REIT - Specialty subindustry, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II'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.


Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's ROE % distribution charts can be found below:

* The bar in red indicates where Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II's ROE % falls into.



Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ROE % Calculation

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II'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 )
=9.723/( (57.963+62.512)/ 2 )
=9.723/60.2375
=16.14 %

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II'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 )
=9.723/( (57.963+62.512)/ 2 )
=9.723/60.2375
=16.14 %

* 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.


Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II  (BSP:CRFF11) 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
=9.723/60.2375
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(9.723 / 10.78)*(10.78 / 60.766)*(60.766 / 60.2375)
=Net Margin %*Asset Turnover*Equity Multiplier
=90.19 %*0.1774*1.0088
=ROA %*Equity Multiplier
=16 %*1.0088
=16.14 %

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
=9.723/60.2375
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (9.723 / 9.797) * (9.797 / 9.797) * (9.797 / 10.78) * (10.78 / 60.766) * (60.766 / 60.2375)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9924 * 1 * 90.88 % * 0.1774 * 1.0088
=16.14 %

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.


Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II ROE % Related Terms

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Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II (BSP:CRFF11) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Paulista, 2300, 11th Floor, Cerqueira Cesar, Sao Paulo, SP, BRA, 01310-300
Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II is a real estate investment fund. Its objective is to carry out real estate investments through the acquisition of assets, with a focus on FII shares, in order to provide shareholders with remuneration for the investment made, through the flow of income generated by the assets and the increase in the value equity of its shares.

Caixa Rio Bravo Fundo DE Fundos DE Investimento Imobiliario II (BSP:CRFF11) Headlines

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