What is Dorchester Minerals 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. Dorchester Minerals LP's annualizedNet Income for the quarter that ended in Dec. 2023 was $147.1 Mil. Dorchester Minerals LP's average total tangible assets for the quarter that ended in Dec. 2023 was $191.7 Mil. Therefore, Dorchester Minerals LP's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 76.75%.
The historical rank and industry rank for Dorchester Minerals LP's Return-on-Tangible-Asset or its related term are showing as below:
DMLP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 15.48 Med: 49.89 Max: 80.86
Current: 64.69
During the past 13 years, Dorchester Minerals LP's highest Return-on-Tangible-Asset was 80.86%. The lowest was 15.48%. And the median was 49.89%.
DMLP's Return-on-Tangible-Asset is ranked better than 98.35% of 1090
companies
in the Oil & Gas industry
Industry Median: 2.775
vs DMLP: 64.69
Dorchester Minerals LP Return-on-Tangible-Asset Historical Data
The historical data trend for Dorchester Minerals 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 Dorchester Minerals LP's Return-on-Tangible-Asset
For the Oil & Gas E&P subindustry, Dorchester Minerals 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.
Dorchester Minerals LP's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dorchester Minerals LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dorchester Minerals 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 (Dec. 2023) 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.
Dorchester Minerals LP Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Dorchester Minerals LP's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Dorchester Minerals LP (Dorchester Minerals LP) Business Description
Dorchester Minerals LP operates as the owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests. The company generates revenues from royalties, net profits interests, lease bonus, and others. It has leasehold interests in approximately 592 counties and parishes in around 28 states.
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