What is New Source Energy Partners LP 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. New Source Energy Partners LP's annualized net income for the quarter that ended in Sep. 2015 was $-246.1 Mil. New Source Energy Partners LP's average shareholder tangible equity for the quarter that ended in Sep. 2015 was $-7.6 Mil. Therefore, New Source Energy Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2015 was N/A%.
The historical rank and industry rank for New Source Energy Partners LP's Return-on-Tangible-Equity or its related term are showing as below:
NSLPQ's Return-on-Tangible-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 8.27 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
New Source Energy Partners LP Return-on-Tangible-Equity Historical Data
* 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.
New Source Energy Partners LP Return-on-Tangible-Equity Chart
Competitive Comparison of New Source Energy Partners LP's Return-on-Tangible-Equity
For the Oil & Gas E&P subindustry, New Source Energy Partners LP'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.
New Source Energy Partners LP's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, New Source Energy Partners LP's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where New Source Energy Partners LP's Return-on-Tangible-Equity falls into.
New Source Energy Partners LP Return-on-Tangible-Equity Calculation
New Source Energy Partners LP's annualized Return-on-Tangible-Equity 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-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 (Sep. 2015) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
New Source Energy Partners LP (OTCPK:NSLPQ) 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.
New Source Energy Partners LP Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of New Source Energy Partners LP's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
New Source Energy Partners LP (New Source Energy Partners LP) Business Description
New Source Energy Partners LP is engaged in the development and production of onshore oil and natural gas properties which are extended across the conventional resource reservoirs in east-central Oklahoma. In addition, it is also involved in the oilfield services which provides essential well site services during the drilling and completion stages of a well, including full-service blowout prevention installation, pressure testing services, including certain ancillary equipment necessary to perform such services, well testing and flowback services to companies in the oil and natural gas industry primarily in Oklahoma, Texas, New Mexico, Kansas, Pennsylvania, Ohio and West Virginia.
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