What is Renewable Energy Group 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. Renewable Energy Group's annualizedNet Income for the quarter that ended in Mar. 2022 was $50 Mil. Renewable Energy Group's average total tangible assets for the quarter that ended in Mar. 2022 was $2,499 Mil. Therefore, Renewable Energy Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2022 was 2.00%.
The historical rank and industry rank for Renewable Energy Group's Return-on-Tangible-Asset or its related term are showing as below:
REGI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.01 Med: 8.44 Max: 35.25
Current: 8.07
During the past 13 years, Renewable Energy Group's highest Return-on-Tangible-Asset was 35.25%. The lowest was -13.01%. And the median was 8.44%.
REGI's Return-on-Tangible-Asset is not ranked
in the Oil & Gas industry.
Industry Median: 2.77
vs REGI: 8.07
Renewable Energy Group Return-on-Tangible-Asset Historical Data
The historical data trend for Renewable Energy Group'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.
Renewable Energy Group Return-on-Tangible-Asset Chart
Competitive Comparison of Renewable Energy Group's Return-on-Tangible-Asset
For the Oil & Gas Refining & Marketing subindustry, Renewable Energy Group'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.
Renewable Energy Group's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Renewable Energy Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Renewable Energy Group's Return-on-Tangible-Asset falls into.
Renewable Energy Group Return-on-Tangible-Asset Calculation
Renewable Energy Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 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-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 (Mar. 2022) net income data.
Renewable Energy Group (NAS:REGI) 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.
Renewable Energy Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Renewable Energy Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Renewable Energy Group (Renewable Energy Group) Business Description
Renewable Energy Group Inc is a producer and refiner of biofuels in the oil and gas industry. The company's operations include acquiring feedstock, operating biorefineries, and marketing and distributing renewable fuels. Its operating segments include Biomass-based Diesel, Services, and Corporate and other. The majority of the company's revenue comes from the sale of biomass-based diesel. Geographically, it operates in the United States, Germany and Other Foreign countries of which the United States derived maximum revenue. At its biorefineries, natural fats, oils, and greases are converted into biofuels and renewable chemicals.
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