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taux de rendement sur l’avoir des sociétaires

English translation: return on unitholders equity

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15:43 Dec 9, 2009

French to English translations [PRO]
Bus/Financial - Investment / Securities

French term or phrase: taux de rendement sur l’avoir des sociétaires

This is about a utility listed on the Toronto stock exchange as in income trust, so logically "sociétaires" should be unitholders, but can't find confirmation of this anywhere.

Can I go with "return on unitholders' equity"?

Is there an important difference between "taux de rendement sur l’avoir des sociétaires" and "taux de rendement sur l’avoir des actionnaires"? In a regulatory context, can I just translate both as ROE?

John Detre
Canada

English translation:return on unitholders equity

Explanation:
Hi John! I don't see a problem with this - IMO more important is the income trust aspect than the utility/regulatory aspect (but I could be wrong).

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Note added at 27 mins (2009-12-09 16:10:51 GMT)
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Is it electricity?

Selected response from:

xxxDesdemone
Local time: 15:28

Grading comment

Thanks everyone. The client was happy with "return on unitholders' equity."
4 KudoZ points were awarded for this answer

Summary of answers provided

3 +2

return on unitholders equity

xxxDesdemone

3 -1

return on members' assets

Rob Grayson

Answers

7 mins confidence:

peer agreement (net): -1

return on members' assets

Explanation:
Whenever I've come across "sociétaires", it has been in relation to "mutual" companies of some type or other (usually banks or insurers). I therefore suspect this is also the case here. (You may, of course, decide to go with "unitholders" if you feel it effectively conveys the same meaning in context and using "members" doesn't add anything useful.)

I'm struggling to see why you would treat "avoirs" as anything other than "assets". ROE is often a published accounting item, whereas "rendement sur avoirs" may well just be referring to the gross returns generated by the company/organisation on its members'/unitholders' funds.

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Note added at 24 mins (2009-12-09 16:07:23 GMT)
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"Return on capital" looks quite promising: http://www.google.co.uk/#hl=en&source=hp&q="income trust", "...

Rob Grayson
United Kingdom
Local time: 19:28
Works in field
Native speaker of:

English
PRO pts in category: 34

Notes to answerer

Asker: Thanks Rob. I was going to use ROE because it’s in the context of a rate-setting regulatory proceeding, and I think it’s standard practice for regulatory agencies to include a reasonable return on equity for investors when setting tariffs of regulated companies. But I’m out of my depth here. Is there a compelling reason not to call it ROE when it’s an income trust?

23 mins confidence:

peer agreement (net): +2

return on unitholders equity

xxxDesdemone
Local time: 15:28
Native speaker of:

English
PRO pts in category: 4

Grading comment

Thanks everyone. The client was happy with "return on unitholders' equity."

Notes to answerer

Asker: Thanks Paula. No, it's natural gas. Does it make a difference?

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taux de rendement sur l’avoir des sociétaires

English translation: return on unitholders equity

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taux de rendement sur l’avoir des sociétaires

English translation: return on unitholders equity

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KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

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