What is South Jersey Industries 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. South Jersey Industries's annualized net income for the quarter that ended in Sep. 2022 was $-152 Mil. South Jersey Industries's average shareholder tangible equity for the quarter that ended in Sep. 2022 was $1,383 Mil. Therefore, South Jersey Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 was -11.00%.
The historical rank and industry rank for South Jersey Industries's Return-on-Tangible-Equity or its related term are showing as below:
SJI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.34 Med: 10.94 Max: 18.75
Current: 11.64
During the past 13 years, South Jersey Industries's highest Return-on-Tangible-Equity was 18.75%. The lowest was -0.34%. And the median was 10.94%.
SJI's Return-on-Tangible-Equity is not ranked
in the Utilities - Regulated industry.
Industry Median: 10.98
vs SJI: 11.64
South Jersey Industries Return-on-Tangible-Equity Historical Data
The historical data trend for South Jersey Industries'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.
South Jersey Industries Return-on-Tangible-Equity Chart
Competitive Comparison of South Jersey Industries's Return-on-Tangible-Equity
For the Utilities - Diversified subindustry, South Jersey Industries'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.
South Jersey Industries's Return-on-Tangible-Equity Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, South Jersey Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where South Jersey Industries's Return-on-Tangible-Equity falls into.
South Jersey Industries Return-on-Tangible-Equity Calculation
South Jersey Industries's annualized Return-on-Tangible-Equity 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-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. 2022) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
South Jersey Industries (NYSE:SJI) 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.
South Jersey Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of South Jersey Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
South Jersey Industries (South Jersey Industries) Business Description
South Jersey Industries Inc is a New Jersey holding company that acquires and develops utility companies. Through its many subsidiaries, SJI is primarily involved in transmitting, distributing, and selling natural gas and electricity in the mid-Atlantic U.S. The company segments its operations into gas utility operations and energy group businesses. The majority of SJI's total revenue comes from its gas utility operations, which encompasses the company's principal subsidiary: South Jersey Gas. SJG purchases, transmit, and sells natural gas primarily for residential consumers in southern New Jersey. The energy group also represents a significant income stream through its wholesale energy and retail electric services.
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