Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Linc Energy's annualized net income for the quarter that ended in Dec. 2015 was A$-383.14 Mil. Linc Energy's average shareholder tangible equity for the quarter that ended in Dec. 2015 was A$-359.97 Mil. Therefore, Linc Energy's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2015 was N/A%.
The historical rank and industry rank for Linc Energy's Return-on-Tangible-Equity or its related term are showing as below:
During the past 11 years, Linc Energy's highest Return-on-Tangible-Equity was 160.32%. The lowest was -297.26%. And the median was -35.65%.
ASX:LNC's Return-on-Tangible-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 8.03 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Linc Energy Return-on-Tangible-Equity Historical Data
The historical data trend for Linc Energy's Return-on-Tangible-Equity 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.
Competitive Comparison of Linc Energy's Return-on-Tangible-Equity
For the Oil & Gas E&P subindustry, Linc Energy's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Linc Energy's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Linc Energy's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Linc Energy's Return-on-Tangible-Equity falls into.
Linc Energy Return-on-Tangible-Equity Calculation
Linc Energy's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2015 is calculated as
* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Dec. 2015) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Linc Energy (ASX:LNC) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Linc Energy Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Linc Energy's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Linc Energy Ltd engages in exploration, development, and production of conventional oil and gas and unconventional syngas through the utilization of its underground coal gasification technology. The company's gulf coast properties are spread across Texas and Louisiana and include various producing wells over active fields, both onshore and in shallow state waters. Its segments consist of Oil and Gas engaged in exploration, development, and production of traditional oil and gas assets in North America; Clean Energy engaged in development and commercialization of Coal-to-Liquids processes through the combined utilization of Underground Coal Gasification and Gas to Liquids technologies; and Shale oil engaged in exploration of the company's petroleum exploration tenements in South Australia.
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