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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. Rhino Resource Partners LP's annualized Net Income for the quarter that ended in Mar. 2020 was $-40.0 Mil. Rhino Resource Partners LP's average total tangible assets for the quarter that ended in Mar. 2020 was $188.0 Mil. Therefore, Rhino Resource Partners LP's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2020 was -21.26%.
The historical rank and industry rank for Rhino Resource Partners LP's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for Rhino 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.
Rhino Resource Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -12.35 | -39.34 | -6.98 | -6.03 | -44.91 |
Rhino Resource Partners LP Quarterly Data | ||||||||||||||||||||
Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -11.48 | 0.17 | -83.95 | -77.40 | -21.26 |
For the Thermal Coal subindustry, Rhino 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 Other Energy Sources industry and Energy sector, Rhino Resource Partners LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Rhino Resource Partners LP's Return-on-Tangible-Asset falls into.
Rhino Resource Partners LP's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2019 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | -99.519 | / | ( (248.618 | + | 194.547) | / 2 ) | |
= | -99.519 | / | 221.5825 | ||||
= | -44.91 % |
Rhino Resource Partners LP's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2020 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2020 ) | (Q: Dec. 2019 ) | (Q: Mar. 2020 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2020 ) | (Q: Dec. 2019 ) | (Q: Mar. 2020 ) | |||||
= | -39.96 | / | ( (194.547 | + | 181.409) | / 2 ) | |
= | -39.96 | / | 187.978 | ||||
= | -21.26 % |
* 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. 2020) net income data.
Rhino Resource Partners LP (OTCPK:RHNO) 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 Rhino Resource Partners LP's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
William L Tuorto | director, officer: Executive Chairman | 56 BROAD STREET SUITE 2 CHARLESTON SC 29412 |
Royal Energy Resources, Inc. | 10 percent owner | 56 BROAD STREET SUITE 2 CHARLESTON SC 29401 |
Brian Hughs | director | 203 SOUTH 3RD ST. CANANDIAN TX 79014 |
Lazaros Nikeas | director | 424 LEWIS HARGETT CIRCLE, LEXINGTON KY 40503 |
David Hanig | director | 424 LEWIS HARGETT CIRCLE SUITE 250 LEXINGTON KY 40503 |
Richard A Boone | director, officer: President & CEO | CAM HOLDINGS LLC 265 HAMBLEY BOULEVARD PIKEVILLE KY 41501 |
Douglas Carroll Holsted | director | 3350 AMERICANA TERRACE SUITE 215 BOISE ID 83706 |
Michael R Thompson | director | 1546 WEST STAFFORD DRIVE EAGLE ID 83616 |
Ronald Phillips | director | DKR CAPITAL PARTNERS LP 1281 EAST MAIN STREET STAMFORD CT 06902 |
Bryan H Lawrence | director | C/O CROSSTEX ENERGY HOLDINGS INC, 2501 CEDAR SPRINGS STE 600, DALLAS TX 75201 |
Weston Energy Llc | 10 percent owner | 410 PARK AVENUE, 19TH FLOOR NEW YORK NY 10022 |
Rhino Resource Partners Holdings Llc | 10 percent owner | 410 PARK AVENUE, 19TH FLOOR NEW YORK NY 10022 |
Wendell Scott Morris | officer: VP and CFO | 424 LEWIS HARGETT CIRCLE, SUITE 250 LEXINGTON KY 40503 |
Ian Ganzer | director | 304 WAITMAN ST MORGANTOWN WV 26501 |
Charles E Davidson | 10 percent owner | C/O WEXFORD CAPITAL LP, 777 SOUTH FLAGLER DRIVE, SUITE 602, WEST PALM BEACH FL 33401 |
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