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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Atlas Resource Partners LP's annualized Net Income for the quarter that ended in Sep. 2017 was $-70.20 Mil. Atlas Resource Partners LP's average total tangible assets for the quarter that ended in Sep. 2017 was $666.79 Mil. Therefore, Atlas Resource Partners LP's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2017 was -10.53%.
The historical rank and industry rank for Atlas Resource Partners LP's Return-on-Tangible-Asset or its related term are showing as below:
During the past 8 years, Atlas Resource Partners LP's highest Return-on-Tangible-Asset was 3.10%. The lowest was -36.19%. And the median was -4.82%.
The historical data trend for Atlas Resource Partners LP's Return-on-Tangible-Asset 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.
Atlas Resource Partners LP Annual Data | |||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -4.86 | -4.78 | -23.83 | -36.19 | - |
Atlas Resource Partners LP Quarterly Data | ||||||||||||||||||||
Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | - | - | 12.22 | -1.74 | -10.53 |
For the Oil & Gas E&P subindustry, Atlas Resource Partners LP's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
For the Oil & Gas industry and Energy sector, Atlas Resource Partners LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Atlas Resource Partners LP's Return-on-Tangible-Asset falls into.
Atlas Resource Partners LP's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2016 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2016 ) | (A: Dec. 2015 ) | (A: Dec. 2016 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2016 ) | (A: Dec. 2015 ) | (A: Dec. 2016 ) | |||||
= | 0 | / | ( (1685.854 | + | 881.834) | / 2 ) | |
= | 0 | / | 1283.844 | ||||
= | 0.00 % |
Atlas Resource Partners LP's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2017 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Sep. 2017 ) | (Q: Jun. 2017 ) | (Q: Sep. 2017 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Sep. 2017 ) | (Q: Jun. 2017 ) | (Q: Sep. 2017 ) | |||||
= | -70.2 | / | ( (728.15 | + | 605.425) | / 2 ) | |
= | -70.2 | / | 666.7875 | ||||
= | -10.53 % |
* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Sep. 2017) net income data.
Atlas Resource Partners LP (OTCPK:ARNPQ.PFD) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of Atlas Resource Partners LP's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher Kenneth Walker | officer: Chief Operating Officer | 425 HOUSTON STREET, FORT WORTH TX 76102 |
Matthew Finkbeiner | officer: Chief Accounting Officer | 1000 COMMERCE DRIVE, 4TH FLOOR, PITTSBURGH PA 15275 |
Lisa Washington | officer: VP, CLO & Corporate Secretary | 311 ROUSER ROAD, MOON TOWNSHIP PA 15108 |
Jonathan Z Cohen | director, officer: Executive Vice Chairman | 1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
Mark D Schumacher | officer: President | 1845 WALNUT STREET, PHILADELPHIA PA 19103 |
Edward E Cohen | director, officer: Executive Chairman | RESOURCE AMERICA INC, 1845 WALNUT ST, PHILADELPHIA PA 19103 |
Daniel C Herz | director, officer: Chief Executive Officer | 1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
Steven J Pully | director | 9800 RICHMOND AVE, SUITE 700, HOUSTON TX 77042 |
Eugene I Davis | director | 8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342 |
Michael C Watchorn | director | NES RENTALS HOLDINGS INC, 8770 W BRYN MAWR, CHICAGO IL 60631 |
Freddie M Kotek | officer: SVP Investment Partnership Div | RESOURCE AMERICA, 1845 WALNUT ST, PHILADELPHIA PA 19103 |
Dolly Ann Craig | director | 1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
Holtz Dennis A Esq | director | |
Ellen Warren | director | 311 ROUSER ROAD, MOON TOWNSHIP PA 15108 |
Gso / Blackstone Debt Funds Management Llc | 10 percent owner | C/O GSO CAPITAL PARTNERS LP, 345 PARK AVE., NEW YORK NY 10154 |
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