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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. Prairie Operating Co's annualized Net Income for the quarter that ended in Dec. 2023 was $-93.81 Mil. Prairie Operating Co's average total tangible assets for the quarter that ended in Dec. 2023 was $42.89 Mil. Therefore, Prairie Operating Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -218.73%.
The historical rank and industry rank for Prairie Operating Co's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Prairie Operating Co's highest Return-on-Tangible-Asset was 15.83%. The lowest was -361.62%. And the median was -69.72%.
The historical data trend for Prairie Operating Co'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.
Prairie Operating Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -76.10 | -63.34 | -217.66 | -6.14 | -332.80 |
Prairie Operating Co Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 357.09 | -93.66 | -736.19 | -486.29 | -218.73 |
For the Capital Markets subindustry, Prairie Operating Co'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 Capital Markets industry and Financial Services sector, Prairie Operating Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Prairie Operating Co's Return-on-Tangible-Asset falls into.
Prairie Operating Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -79.079 | / | ( (1.841 | + | 45.683) | / 2 ) | |
= | -79.079 | / | 23.762 | ||||
= | -332.80 % |
Prairie Operating Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -93.808 | / | ( (40.091 | + | 45.683) | / 2 ) | |
= | -93.808 | / | 42.887 | ||||
= | -218.73 % |
* 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 (Dec. 2023) net income data.
Prairie Operating Co (NAS:PROP) 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 Prairie Operating Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
James W. Wallis | 10 percent owner | 6410 NORTH SANTA FE AVE., STE B, OKLAHOMA CITY OK 73116 |
Daniel T. Sweeney | officer: General Counsel & Corp. Sec'y | 8636 N. CLASSEN BOULEVARD, OKLAHOMA CITY OK 73114 |
Jonathan H. Gray | director | 657 PERUGIA WAY, LOS ANGELES CA 90077 |
Erik Thoresen | director | C/O FUSION ACQUISITION CORP. II, 667 MADISON AVENUE, NEW YORK NY 10065 |
Robert Craig Owen | officer: Chief Financial Officer | 2350 N. SAM HOUSTON PARKWAY EAST, SUITE 125, HOUSTON TX 77032 |
Stephen Lee | director | 3326 MID LANE, HOUSTON TX 77027 |
Jeremy Landon Ham | officer: Chief Commercial Officer | 12115 DOUBLE TREE DRIVE, HOUSTON TX 77070 |
Michael Martin Breen | director | LOWSLEY HOUSE 133 HEADLEY ROAD, LIPHOOK X0 GU30 7PU |
Paul Kessler | director, 10 percent owner | 555 MARIN STREET, SUITE 140, THOUSAND OAKS CA 91360 |
Bryan Freeman | officer: Exec VP of Operations | 16200 PARK ROW, SUITE 300, HOUSTON TX 77084 |
Gary C Hanna | director, officer: President | |
Gizman I Abbas | director | 415 WASHINGTON STREET, APT 1B, NEW YORK NY 10013 |
Edward Kovalik | director, officer: Chief Executive Officer | 1 GRAND ARMY PLAZA, 11 GG, BROOKLYN NY 11238 |
Scott D Kaufman | director, 10 percent owner, officer: Chairman, CEO and President | MIDUSMMER INVESTMENT LTD, 485 MADISON AVENUE 23RD FLOOR, NEW YORK NY 10022 |
Alan Louis Urban | officer: Chief Financial Officer | 1524 CLOVERFIELD BOULEVARD, SUITE E, SANTA MONICA CA 90404 |
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