What is CrossAmerica Partners LP Return-on-Tangible-Asset?
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. CrossAmerica Partners LP's annualizedNet Income for the quarter that ended in Mar. 2024 was $-73 Mil. CrossAmerica Partners LP's average total tangible assets for the quarter that ended in Mar. 2024 was $988 Mil. Therefore, CrossAmerica Partners LP's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -7.36%.
The historical rank and industry rank for CrossAmerica Partners LP's Return-on-Tangible-Asset or its related term are showing as below:
CAPL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.51 Med: 2.36 Max: 13.35
Current: 2.28
During the past 13 years, CrossAmerica Partners LP's highest Return-on-Tangible-Asset was 13.35%. The lowest was -1.51%. And the median was 2.36%.
CAPL's Return-on-Tangible-Asset is ranked worse than 52.34% of 1091
companies
in the Oil & Gas industry
Industry Median: 2.65
vs CAPL: 2.28
CrossAmerica Partners LP Return-on-Tangible-Asset Historical Data
The historical data trend for CrossAmerica 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.
Competitive Comparison of CrossAmerica Partners LP's Return-on-Tangible-Asset
For the Oil & Gas Refining & Marketing subindustry, CrossAmerica 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.
CrossAmerica Partners LP's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CrossAmerica Partners LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CrossAmerica Partners LP's Return-on-Tangible-Asset falls into.
* 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 (Mar. 2024) net income data.
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.
CrossAmerica Partners LP Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of CrossAmerica Partners LP's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
CrossAmerica Partners LP (CrossAmerica Partners LP) Business Description
CrossAmerica Partners LP is a US-based limited partnership which is engaged in the wholesale distribution of motor fuel and the ownership and leasing of real estate used in the retail distribution of motor fuel. The company operates through two business segments namely Wholesale and Retail. The Wholesale segment is a key revenue driver, includes the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, DMS, Circle K and through company operated retail sites. The Retail segment includes the sale of convenience merchandise items, the retail sale of motor fuel at company-operated retail sites and the retail sale of motor fuel at retail sites operated by commission agents.
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