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. Dragon Oil's annualizedNet Income for the quarter that ended in Jun. 2015 was £178.5 Mil. Dragon Oil's average total tangible assets for the quarter that ended in Jun. 2015 was £3,104.7 Mil. Therefore, Dragon Oil's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2015 was 5.75%.
The historical rank and industry rank for Dragon Oil's Return-on-Tangible-Asset or its related term are showing as below:
LSE:DGO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.51 Med: 18.27 Max: 27.28
Current: 10.51
During the past 13 years, Dragon Oil's highest Return-on-Tangible-Asset was 27.28%. The lowest was 10.51%. And the median was 18.27%.
LSE:DGO's Return-on-Tangible-Asset is not ranked
in the Oil & Gas industry.
Industry Median: 2.6
vs LSE:DGO: 10.51
Dragon Oil Return-on-Tangible-Asset Historical Data
The historical data trend for Dragon Oil'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.
Competitive Comparison of Dragon Oil's Return-on-Tangible-Asset
For the Oil & Gas E&P subindustry, Dragon Oil'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.
Dragon Oil's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dragon Oil's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dragon Oil's Return-on-Tangible-Asset falls into.
Dragon Oil Return-on-Tangible-Asset Calculation
Dragon Oil's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2014 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 two times the semi-annual (Jun. 2015) net income data.
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.
Dragon Oil Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Dragon Oil's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Dragon Oil PLC is an independent oil and gas exploration, development and production company. The Company's producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. It has exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt. The Company develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA). As at 31 December 2014 the Company had probably oil reserves of 663 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks and Block 19 are at an early stage of exploration. The Company is subject to the international laws and regulations that it operates in.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LSE:DGO has been successfully added to your 