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. Gazprom PJSC's annualized net income for the quarter that ended in Jun. 2023 was $-916 Mil. Gazprom PJSC's average shareholder tangible equity for the quarter that ended in Jun. 2023 was $225,699 Mil. Therefore, Gazprom PJSC's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was -0.41%.
The historical rank and industry rank for Gazprom PJSC's Return-on-Tangible-Equity or its related term are showing as below:
OGZPY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.12 Med: 8.33 Max: 13.92
Current: -0.12
During the past 13 years, Gazprom PJSC's highest Return-on-Tangible-Equity was 13.92%. The lowest was -0.12%. And the median was 8.33%.
OGZPY's Return-on-Tangible-Equity is ranked worse than 68.19% of 1006
companies
in the Oil & Gas industry
Industry Median: 8.815
vs OGZPY: -0.12
Gazprom PJSC Return-on-Tangible-Equity Historical Data
The historical data trend for Gazprom PJSC'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 Gazprom PJSC's Return-on-Tangible-Equity
For the Oil & Gas Integrated subindustry, Gazprom PJSC'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.
Gazprom PJSC's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Gazprom PJSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gazprom PJSC's Return-on-Tangible-Equity falls into.
* 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 (Jun. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Gazprom PJSC Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Gazprom PJSC's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Gazprom PJSC is a Russian-based integrated oil and gas company in which the Russian government is a majority shareholder. Much of the business lies within the production, transportation, and distribution of natural gas. The company is a major gas supplier to European countries, with substantial gas pipelines throughout Western Russia and into Europe. While its oil segment is a smaller portion of revenue, the company is still integrated into the production, processing, and refinement of crude oil and refined products. Across both segments, the company produces its oil and gas from fields distributed across Russia, with end markets consisting mostly of Europe and Russia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OGZPY has been successfully added to your 