Beacon Energy (LSE:BCE) Return-on-Tangible-Asset : -70.84% (As of Jun. 2023)

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What is Beacon Energy 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. Beacon Energy's annualized Net Income for the quarter that ended in Jun. 2023 was £-5.92 Mil. Beacon Energy's average total tangible assets for the quarter that ended in Jun. 2023 was £8.36 Mil. Therefore, Beacon Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was -70.84%.

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

LSE:BCE' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -765.3 Med: -113.16 Max: -0.62
Current: -45.45

During the past 13 years, Beacon Energy's highest Return-on-Tangible-Asset was -0.62%. The lowest was -765.30%. And the median was -113.16%.

LSE:BCE's Return-on-Tangible-Asset is ranked worse than
92.18% of 1087 companies
in the Oil & Gas industry
Industry Median: 2.6 vs LSE:BCE: -45.45

Beacon Energy Return-on-Tangible-Asset Historical Data

The historical data trend for Beacon 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.

* Premium members only.

Beacon Energy Return-on-Tangible-Asset Chart

Beacon Energy Annual Data

Trend

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Return-on-Tangible-Asset

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-765.30

-206.77

-484.43

-214.27

-19.54

Beacon Energy Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Jun23
Return-on-Tangible-Asset	Get a 7-Day Free Trial															-30.81	-18.43	-391.43	-226.15	-70.84

Competitive Comparison of Beacon Energy's Return-on-Tangible-Asset

For the Oil & Gas E&P subindustry, Beacon 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.

Beacon Energy's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry

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

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

Beacon Energy Return-on-Tangible-Asset Calculation

Beacon Energy's annualized Return-on-Tangible-Asset for the fiscal year that ended in Apr. 2021 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Apr. 2021 )		(A: Apr. 2020 )		(A: Apr. 2021 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Apr. 2021 )		(A: Apr. 2020 )		(A: Apr. 2021 )
	=	-2.061	/	( (0.464	+	20.626)	/ 2 )
	=	-2.061	/	10.545
	=	-19.54 %

Beacon Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Jun. 2023 )		(Q: Oct. 2022 )		(Q: Jun. 2023 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Jun. 2023 )		(Q: Oct. 2022 )		(Q: Jun. 2023 )
	=	-5.924	/	( (0.903	+	15.823)	/ 2 )
	=	-5.924	/	8.363
	=	-70.84 %

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 two times the semi-annual (Jun. 2023) net income data.

Beacon Energy (LSE:BCE) 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.

Beacon Energy Return-on-Tangible-Asset Related Terms

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