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. Genel Energy's annualized net income for the quarter that ended in Dec. 2023 was £-32.55 Mil. Genel Energy's average shareholder tangible equity for the quarter that ended in Dec. 2023 was £302.53 Mil. Therefore, Genel Energy's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -10.76%.
The historical rank and industry rank for Genel Energy's Return-on-Tangible-Equity or its related term are showing as below:
LSE:GENL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -71.8 Med: -20.39 Max: 20.47
Current: -14.79
During the past 13 years, Genel Energy's highest Return-on-Tangible-Equity was 20.47%. The lowest was -71.80%. And the median was -20.39%.
LSE:GENL's Return-on-Tangible-Equity is ranked worse than 80.12% of 1001
companies
in the Oil & Gas industry
Industry Median: 7.99
vs LSE:GENL: -14.79
Genel Energy Return-on-Tangible-Equity Historical Data
The historical data trend for Genel Energy'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 Genel Energy's Return-on-Tangible-Equity
For the Oil & Gas E&P subindustry, Genel Energy'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.
Genel Energy's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Genel Energy's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Genel Energy's Return-on-Tangible-Equity falls into.
Genel Energy Return-on-Tangible-Equity Calculation
Genel Energy's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 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-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 two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Genel Energy (LSE:GENL) 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.
Genel Energy Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Genel Energy's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Genel Energy PLC produces oil and gas primarily in the Kurdistan region of Iraq. The Company has two reportable business segments: Production and Pre-production. Capital allocation decisions for the production segment are considered in the context of the cash flows expected from the production and sale of crude oil. The production segment is comprised of the producing fields on the Tawke PSC , the Taq Taq PSC and the Sarta PSC which are located in the KRI and make sales predominantly to the KRG. The pre-production segment is comprised of discovered resource held under the Qara Dagh PSC, the Bina Bawi PSC and the Miran PSC , all in the KRI and exploration activity, principally located in Somaliland and Morocco.
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