Evolve Transition Infrastructure LP (Evolve Transition Infrastructure LP) Return-on-Tangible-Asset : -64.91% (As of Sep. 2023)

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What is Evolve Transition Infrastructure 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. Evolve Transition Infrastructure LP's annualized Net Income for the quarter that ended in Sep. 2023 was $-78.34 Mil. Evolve Transition Infrastructure LP's average total tangible assets for the quarter that ended in Sep. 2023 was $120.69 Mil. Therefore, Evolve Transition Infrastructure LP's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -64.91%.

The historical rank and industry rank for Evolve Transition Infrastructure LP's Return-on-Tangible-Asset or its related term are showing as below:

SNMP' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -84.84 Med: -7.52 Max: 17.63
Current: -50.79

During the past 13 years, Evolve Transition Infrastructure LP's highest Return-on-Tangible-Asset was 17.63%. The lowest was -84.84%. And the median was -7.52%.

SNMP's Return-on-Tangible-Asset is not ranked
in the Oil & Gas industry.
Industry Median: 2.775 vs SNMP: -50.79

Evolve Transition Infrastructure LP Return-on-Tangible-Asset Historical Data

The historical data trend for Evolve Transition Infrastructure 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.

* Premium members only.

Evolve Transition Infrastructure LP Return-on-Tangible-Asset Chart

Evolve Transition Infrastructure LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Return-on-Tangible-Asset

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4.59

17.63

-48.36

-84.84

-39.76

Evolve Transition Infrastructure LP Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Return-on-Tangible-Asset	Get a 7-Day Free Trial															-49.99	-34.36	-71.80	-32.52	-64.91

Competitive Comparison of Evolve Transition Infrastructure LP's Return-on-Tangible-Asset

For the Oil & Gas Midstream subindustry, Evolve Transition Infrastructure 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.

Evolve Transition Infrastructure LP's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Evolve Transition Infrastructure LP's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Evolve Transition Infrastructure LP's Return-on-Tangible-Asset falls into.

Evolve Transition Infrastructure LP Return-on-Tangible-Asset Calculation

Evolve Transition Infrastructure LP's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-53.137	/	( (142.37	+	124.922)	/ 2 )
	=	-53.137	/	133.646
	=	-39.76 %

Evolve Transition Infrastructure LP's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-78.336	/	( (121.787	+	119.585)	/ 2 )
	=	-78.336	/	120.686
	=	-64.91 %

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. 2023) net income data.

Evolve Transition Infrastructure LP (AMEX:SNMP) 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.

Evolve Transition Infrastructure LP Return-on-Tangible-Asset Related Terms

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Evolve Transition Infrastructure LP (Evolve Transition Infrastructure LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Evolve Transition Infrastructure LP (AMEX:SNMP) » Definitions » Return-on-Tangible-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1360 Post Oak Boulevard, Suite 2400, Houston, TX, USA, 77056

Website

https://www.evolvetransition.com

Evolve Transition Infrastructure LP is focused on the acquisition, development, and ownership of infrastructure critical to the transition of energy supply to lower carbon sources. It owns natural gas gathering systems, pipelines, and processing facilities in South Texas and continues to pursue energy transition infrastructure opportunities. It generates revenue from Gathering and transportation lease revenues.

Executives

Stonepeak Gp Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Holdings Lp	10 percent owner, other: See Remarks	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Upper Holdings Lp	10 percent owner, other: See Remarks	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Holdings Manager Llc	10 percent owner, other: See Remarks	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
David D Kinder	director	510 BERING DRIVE, SUITE 220, HOUSTON TX 77057
Michael A Heim	director	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Michael A. Keuss	officer: President / Chief Oper. Off.	1360 POST OAK BLVD., SUITE 2400, HOUSTON TX 77056
Randall L. Gibbs	director, officer: Chief Executive Officer	1360 POST OAK BLVD., SUITE 2400, HOUSTON TX 77056
Hartigan Jonathan C. M.	officer: President / Chief Invest. Off.	1360 POST OAK BLVD., SUITE 2400, HOUSTON TX 77056
Gerald F Willinger	director	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Stonepeak Texas Midstream Holdco Llc	10 percent owner, other: See Remarks	550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Sanchez Antonio R Iii	director, 10 percent owner	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Michael Bricker	director	55 HUDSON YARDS, 550 W 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Sp Common Equity Subsidiary Llc	10 percent owner	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Steen John T Iii	director	55 HUDSON YARDS, 550 W 34TH STREET, 48TH FLOOR, NEW YORK NY 10001