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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. Verde Clean Fuels's annualized net income for the quarter that ended in Mar. 2024 was $-3.09 Mil. Verde Clean Fuels's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $21.07 Mil. Therefore, Verde Clean Fuels's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -14.65%.
The historical rank and industry rank for Verde Clean Fuels's Return-on-Tangible-Equity or its related term are showing as below:
During the past 4 years, Verde Clean Fuels's highest Return-on-Tangible-Equity was -17.01%. The lowest was -20.43%. And the median was -17.01%.
The historical data trend for Verde Clean Fuels'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.
Verde Clean Fuels Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Return-on-Tangible-Equity | - | - | Negative Tangible Equity | -17.01 |
Verde Clean Fuels Quarterly Data | |||||||||||
Mar21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -48.71 | -29.54 | -31.59 | -12.14 | -14.65 |
For the Utilities - Renewable subindustry, Verde Clean Fuels'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.
For the Utilities - Independent Power Producers industry and Utilities sector, Verde Clean Fuels's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Verde Clean Fuels's Return-on-Tangible-Equity falls into.
Verde Clean Fuels's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -2.744 | / | ( (-0.822 | + | 33.093 ) | / 2 ) | |
= | -2.744 | / | 16.1355 | ||||
= | -17.01 % |
Verde Clean Fuels's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -3.088 | / | ( (33.093 | + | 9.056) | / 2 ) | |
= | -3.088 | / | 21.0745 | ||||
= | -14.65 % |
* 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 (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Verde Clean Fuels (NAS:VGAS) 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.
Thank you for viewing the detailed overview of Verde Clean Fuels's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
J Russell Porter | 10 percent owner | 1331 LAMAR STREET SUITE 1080, HOUSTON TX 77010 |
Connally John B Iii | 10 percent owner | 16MARCUS CO, 1600 ROCKCLIFF ROAD, AUSTIN TX 78746 |
Cenaq Sponsor Llc. | 10 percent owner | 4550 POST OAK PLACE DRIVE, SUITE 300, HOUSTON TX 77027 |
Michael J Mayell | 10 percent owner | C/O MERIDIAN RESOURCE CORP, 1401 ENCLAVE PARKWAY #300, HOUSTON TX 77077 |
Martijn Dekker | director | 600 TRAVIS STREET, HOUSTON TX 77002 |
Cottonmouth Ventures Llc | 10 percent owner | 500 WEST TEXAS AVE., SUITE 100, MIDLAND TX 79701 |
John R. Doyle | officer: Chief Technology Officer | 600 TRAVIS STREET, SUITE 5050, HOUSTON TX 77002 |
Ernest B. Miller | officer: CEO and Interim CFO | 600 TRAVIS STREET, SUITE 5050, HOUSTON TX 77002 |
Bluescape Clean Fuels Holdings, Llc | 10 percent owner | 300 CRESCENT COURT, SUITE 1860, DALLAS TX 75201 |
Claire Dail St. | director | 300 EAST 57TH STREET, NEW YORK NY 10022 |
Bluescape Energy Recapitalization & Restructuring Fund Iv Lp | 10 percent owner | 200 CRESCENT COURT, SUITE 1900, DALLAS TX 75201 |
Diamondback Energy E&p Llc | 10 percent owner | 14301 CALIBER DRIVE, SUITE 300, OKLAHOMA CITY OK 73134 |
Hoff Graham Vant | director | C/O BLUESCAPE ENERGY PARTNERS, LLC, 200 CRESCENT COURT, SUITE 1900, DALLAS TX 75201 |
Jonathan A Siegler | director | 1601 BRYAN STREET, DALLAS TX 75201 |
Duncan Palmer | director | ONE OWENS CORNING PARKWAY, TOLEDO OH 43659 |
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