GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cross Timbers Royalty Trust (NYSE:CRT) » Definitions » ROE %

Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) ROE %

: 357.74% (As of Dec. 2023)
View and export this data going back to 1992. Start your Free Trial

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Cross Timbers Royalty Trust's annualized net income for the quarter that ended in Dec. 2023 was $9.67 Mil. Cross Timbers Royalty Trust's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $2.70 Mil. Therefore, Cross Timbers Royalty Trust's annualized ROE % for the quarter that ended in Dec. 2023 was 357.74%.

The historical rank and industry rank for Cross Timbers Royalty Trust's ROE % or its related term are showing as below:

CRT' s ROE % Range Over the Past 10 Years
Min: 59.61   Med: 85.73   Max: 412.78
Current: 412.78

During the past 13 years, Cross Timbers Royalty Trust's highest ROE % was 412.78%. The lowest was 59.61%. And the median was 85.73%.

CRT's ROE % is ranked better than
97.83% of 1013 companies
in the Oil & Gas industry
Industry Median: 7.85 vs CRT: 412.78

Cross Timbers Royalty Trust ROE % Historical Data

The historical data trend for Cross Timbers Royalty Trust's ROE % 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.

Cross Timbers Royalty Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.00 59.61 123.70 377.10 409.94

Cross Timbers Royalty Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 369.14 502.36 432.81 355.15 357.74

Competitive Comparison

For the Oil & Gas E&P subindustry, Cross Timbers Royalty Trust's ROE %, along with its competitors' market caps and ROE % 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.


Cross Timbers Royalty Trust ROE % Distribution

For the Oil & Gas industry and Energy sector, Cross Timbers Royalty Trust's ROE % distribution charts can be found below:

* The bar in red indicates where Cross Timbers Royalty Trust's ROE % falls into.



Cross Timbers Royalty Trust ROE % Calculation

Cross Timbers Royalty Trust's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=11.548/( (2.962+2.672)/ 2 )
=11.548/2.817
=409.94 %

Cross Timbers Royalty Trust's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=9.668/( (2.733+2.672)/ 2 )
=9.668/2.7025
=357.74 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Cross Timbers Royalty Trust  (NYSE:CRT) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=9.668/2.7025
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(9.668 / 10.192)*(10.192 / 4.403)*(4.403 / 2.7025)
=Net Margin %*Asset Turnover*Equity Multiplier
=94.86 %*2.3148*1.6292
=ROA %*Equity Multiplier
=219.58 %*1.6292
=357.74 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=9.668/2.7025
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (9.668 / 9.668) * (9.668 / 9.604) * (9.604 / 10.192) * (10.192 / 4.403) * (4.403 / 2.7025)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 1.0067 * 94.23 % * 2.3148 * 1.6292
=357.74 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Cross Timbers Royalty Trust ROE % Related Terms

Thank you for viewing the detailed overview of Cross Timbers Royalty Trust's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) Business Description

Traded in Other Exchanges
N/A
Address
C/o Corporate Argent Trust Company, 2911 Turtle Creek Boulevard, Suite 850, Dallas, TX, USA, 75219
Cross Timbers Royalty Trust is a United States based trust. Its principal asset is the net profits interests. The net profits interests are derived from producing royalty, overriding royalty interests, and working interests properties. The underlying properties of the trust include producing properties in Texas, Oklahoma, and New Mexico.
Executives
Gary D. Simpson officer: Sr VP Investor Rel & Finance, other: Advisory Dir - XTO Energy Inc. 810 HOUSTON STREET, FORT WORTH TX 76102
Timothy L Petrus other: Exec VP - XTO Energy Inc. 810 HOUSTON STREET, FORT WORTH TX 76102
Phillip R Kevil other: Director-XTO Energy Inc. C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Vennerberg Vaughn O Ii other: Exec. VP - Admin., XTO Energy
Bob R Simpson other: Dir/CEO/Chair, XTO Energy C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Bennie G Kniffen other: Sr. VP-Controller, XTO Energy
Steffen E Palko Dir, Pres. and Vice Chairman, other: Dir/Pres/Vice Chair-XTO Energy
Louis G Baldwin other: Executive VP-CFO, XTO Energy
Keith A Hutton other: Exec. VP-Operation, XTO Energy C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Lane G Collins other: Director, XTO Energy
Jack P Randall other: Director, XTO Energy Inc.
Adams William H Iii other: Director, XTO Energy Inc. C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Scott G Sherman other: Director XTO Energy Inc.
Herbert D Simons other: Director, XTO Energy Inc.

Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) Headlines