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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Carbon Energy's annualized Net Income for the quarter that ended in Jun. 2020 was $-191.7 Mil. Carbon Energy's average total tangible assets for the quarter that ended in Jun. 2020 was $224.3 Mil. Therefore, Carbon Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2020 was -85.47%.
The historical rank and industry rank for Carbon Energy's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for Carbon Energy's Return-on-Tangible-Asset 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.
Carbon Energy Annual Data | |||||||||||||||||||||
Trend | Mar10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -22.32 | -32.90 | 12.30 | 4.53 | 0.36 |
Carbon Energy Quarterly Data | ||||||||||||||||||||
Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 8.16 | 4.18 | -5.59 | 12.92 | -85.47 |
For the Oil & Gas E&P subindustry, Carbon Energy's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
For the Oil & Gas industry and Energy sector, Carbon Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Carbon Energy's Return-on-Tangible-Asset falls into.
Carbon Energy's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2019 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | 1.097 | / | ( (310.891 | + | 298.254) | / 2 ) | |
= | 1.097 | / | 304.5725 | ||||
= | 0.36 % |
Carbon Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2020 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jun. 2020 ) | (Q: Mar. 2020 ) | (Q: Jun. 2020 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jun. 2020 ) | (Q: Mar. 2020 ) | (Q: Jun. 2020 ) | |||||
= | -191.744 | / | ( (308.386 | + | 140.27) | / 2 ) | |
= | -191.744 | / | 224.328 | ||||
= | -85.47 % |
* 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2020) net income data.
Carbon Energy (OTCPK:CRBO) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of Carbon Energy's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Patrick R Mcdonald | director, officer: CHIEF EXECUTIVE OFFICER | CARBON NATURAL GAS COMPANY 1700 BROADWAY, SUITE #1170 DENVER CO 80290 |
Erich W. Kirsch | officer: PFO and PAO | 1700 BROADWAY SUITE 1170 DENVER CO 80290 |
Mark Duane Pierce | officer: PRESIDENT | 1700 BROADWAY, SUITE 1170 DENVER CO 80290 |
Kevin D Struzeski | officer: CHIEF FINANCIAL OFFICER | C/O CARBON ENERGY CORP 1700 BROADWAY STE. 1150 DENVER CO 80290 |
John A Bailey | director | 64 PERCH BAY WACCABUC NY 10597 |
Bryan H Lawrence | director | C/O CROSSTEX ENERGY HOLDINGS INC, 2501 CEDAR SPRINGS STE 600, DALLAS TX 75201 |
Peter A Leidel | director | |
Edwin H Morgens | director | C/O MORGENS WATERFALL VINTIADIS & CO, 600 5TH AVE, NEW YORK NY 10020 |
David H Kennedy | director | 23 LAKESIDE AVE DARIEN CT 06820 |
James H Brandi | director | PO BOX 321, OKLAHOMA CITY OK 73101 |
Awm Investment Company, Inc. | 10 percent owner | 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022 |
Yorktown Energy Partners Xi, L.p. | 10 percent owner | 410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
Yorktown Xi Associates Llc | 10 percent owner | 410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022 |
Arbiter Partners Capital Management Llc | 10 percent owner | 530 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10036 |
Marxe Austin W & Greenhouse David M | 10 percent owner | C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022 |
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