CO Cyprus Opportunity Energy PCL (CYS:GAS) Return-on-Tangible-Asset : 0.00% (As of . 20)

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What is CO Cyprus Opportunity Energy PCL Return-on-Tangible-Asset?

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. CO Cyprus Opportunity Energy PCL's annualized Net Income for the quarter that ended in . 20 was € Mil. CO Cyprus Opportunity Energy PCL's average total tangible assets for the quarter that ended in . 20 was € Mil. Therefore, CO Cyprus Opportunity Energy PCL's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.

The historical rank and industry rank for CO Cyprus Opportunity Energy PCL's Return-on-Tangible-Asset or its related term are showing as below:

CYS:GAS's Return-on-Tangible-Asset is not ranked ^*
in the Oil & Gas industry.
Industry Median: 2.575
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

CO Cyprus Opportunity Energy PCL Return-on-Tangible-Asset Historical Data

The historical data trend for CO Cyprus Opportunity Energy PCL'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.

* Premium members only.

CO Cyprus Opportunity Energy PCL Return-on-Tangible-Asset Chart

CO Cyprus Opportunity Energy PCL Annual Data

Trend

Return-on-Tangible-Asset

CO Cyprus Opportunity Energy PCL Semi-Annual Data

Return-on-Tangible-Asset

Competitive Comparison of CO Cyprus Opportunity Energy PCL's Return-on-Tangible-Asset

For the Oil & Gas E&P subindustry, CO Cyprus Opportunity Energy PCL'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.

CO Cyprus Opportunity Energy PCL's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CO Cyprus Opportunity Energy PCL's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where CO Cyprus Opportunity Energy PCL's Return-on-Tangible-Asset falls into.

CO Cyprus Opportunity Energy PCL Return-on-Tangible-Asset Calculation

CO Cyprus Opportunity Energy PCL's annualized Return-on-Tangible-Asset for the fiscal year that ended in . 20 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

CO Cyprus Opportunity Energy PCL's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

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 one times the annual (. 20) net income data.

CO Cyprus Opportunity Energy PCL (CYS:GAS) 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.

CO Cyprus Opportunity Energy PCL Return-on-Tangible-Asset Related Terms

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