Quicksilver Resources (FRA:QSR) Return-on-Tangible-Asset : -94.76% (As of Sep. 2015)

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What is Quicksilver Resources 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. Quicksilver Resources's annualized Net Income for the quarter that ended in Sep. 2015 was €-656.5 Mil. Quicksilver Resources's average total tangible assets for the quarter that ended in Sep. 2015 was €692.8 Mil. Therefore, Quicksilver Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2015 was -94.76%.

The historical rank and industry rank for Quicksilver Resources's Return-on-Tangible-Asset or its related term are showing as below:

FRA:QSR' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -87.5 Med: 4.2 Max: 20.58
Current: -49.16

During the past 13 years, Quicksilver Resources's highest Return-on-Tangible-Asset was 20.58%. The lowest was -87.50%. And the median was 4.20%.

FRA:QSR's Return-on-Tangible-Asset is not ranked
in the Oil & Gas industry.
Industry Median: 2.6 vs FRA:QSR: -49.16

Quicksilver Resources Return-on-Tangible-Asset Historical Data

The historical data trend for Quicksilver Resources'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.

Quicksilver Resources Return-on-Tangible-Asset Chart

Quicksilver Resources Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Return-on-Tangible-Asset

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13.12

2.40

-87.67

11.49

-8.43

Quicksilver Resources Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Return-on-Tangible-Asset	Get a 7-Day Free Trial															8.36	-10.52	-43.02	-68.31	-94.76

Competitive Comparison of Quicksilver Resources's Return-on-Tangible-Asset

For the Oil & Gas E&P subindustry, Quicksilver Resources'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.

Quicksilver Resources's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Quicksilver Resources's Return-on-Tangible-Asset falls into.

Quicksilver Resources Return-on-Tangible-Asset Calculation

Quicksilver Resources's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2014 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	-83.614	/	( (999.9	+	984.799)	/ 2 )
	=	-83.614	/	992.3495
	=	-8.43 %

Quicksilver Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2015 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Sep. 2015 )		(Q: Jun. 2015 )		(Q: Sep. 2015 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Sep. 2015 )		(Q: Jun. 2015 )		(Q: Sep. 2015 )
	=	-656.532	/	( (790.019	+	595.601)	/ 2 )
	=	-656.532	/	692.81
	=	-94.76 %

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 (Sep. 2015) net income data.

Quicksilver Resources (FRA:QSR) 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.

Quicksilver Resources Return-on-Tangible-Asset Related Terms

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Quicksilver Resources (FRA:QSR) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.qrinc.com

Quicksilver Resources Inc was organized as a Delaware corporation in 1997 and became a public company in 1999. It is an independent oil and gas company engaged in the acquisition, exploration, development and production of onshore oil and natural gas in North America and are based in Fort Worth, Texas. The Company focuses on unconventional reservoirs where hydrocarbons may be found in challenging geological conditions, such as fractured shales and coalbeds. Its producing oil and natural gas properties in the United States are principally located in Texas and in Canada in Alberta and British Columbia. Its three core development areas include: Barnett Shale; Horn River; and Horseshoe Canyon. Additionally, It has an oil exploration opportunity in the Delaware basin in western Texas. The Company competes for acquisitions of prospective oil and natural gas properties and oil and gas reserves. Its oil and natural gas operations are focused onshore in North America, in basins containing unconventional reservoirs with predictable, long-lived production. Its current production and development operations are concentrated in its three core areas: the Barnett Shale, Horn River and Horseshoe Canyon. The Company compete for acquisitions of prospective oil and natural gas properties and oil and natural gas reserves. It also compete for drilling rigs and equipment used to drill for and produce oil and natural gas. The Company is subject to a number of federal, state, provincial and local laws and regulations, whose purpose is to protect the health and safety of workers, both generally and within Its industry.