Texon Petroleum Limited (ASX:TXN) Return-on-Tangible-Equity : 0.00% (As of . 20)

View and export this data going back to . Start your Free Trial

What is Texon Petroleum Limited Return-on-Tangible-Equity?

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. Texon Petroleum Limited's annualized net income for the quarter that ended in . 20 was A$ Mil. Texon Petroleum Limited's average shareholder tangible equity for the quarter that ended in . 20 was A$ Mil. Therefore, Texon Petroleum Limited's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 was %.

The historical rank and industry rank for Texon Petroleum Limited's Return-on-Tangible-Equity or its related term are showing as below:

ASX:TXN' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -37.11 Med: -14.42 Max: 24.17
Current: 3.62

During the past 6 years, Texon Petroleum Limited's highest Return-on-Tangible-Equity was 24.17%. The lowest was -37.11%. And the median was -14.42%.

ASX:TXN's Return-on-Tangible-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 8.08 vs ASX:TXN: 3.62

Texon Petroleum Limited Return-on-Tangible-Equity Historical Data

The historical data trend for Texon Petroleum Limited'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.

* Premium members only.

Texon Petroleum Limited Return-on-Tangible-Equity Chart

Texon Petroleum Limited Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Return-on-Tangible-Equity

Get a 7-Day Free Trial

-23.20

-37.11

-14.42

24.17

3.62

Texon Petroleum Limited Quarterly Data

Return-on-Tangible-Equity

Competitive Comparison of Texon Petroleum Limited's Return-on-Tangible-Equity

For the Oil & Gas E&P subindustry, Texon Petroleum Limited'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.

Texon Petroleum Limited's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Texon Petroleum Limited's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Texon Petroleum Limited's Return-on-Tangible-Equity falls into.

Texon Petroleum Limited Return-on-Tangible-Equity Calculation

Texon Petroleum Limited's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2011 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2011 )		(A: Dec. 2010 )		(A: Dec. 2011 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2011 )		(A: Dec. 2010 )		(A: Dec. 2011 )
	=	1.995	/	( (32.466	+	77.784 )	/ 2 )
	=	1.995	/	55.125
	=	3.62 %

Texon Petroleum Limited's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

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 (. 20) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Texon Petroleum Limited (ASX:TXN) 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.

Texon Petroleum Limited Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Texon Petroleum Limited's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.