What is Cimarex Energy Co 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. Cimarex Energy Co's annualizedNet Income for the quarter that ended in Sep. 2021 was $975 Mil. Cimarex Energy Co's average total tangible assets for the quarter that ended in Sep. 2021 was $5,422 Mil. Therefore, Cimarex Energy Co's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 was 17.99%.
The historical rank and industry rank for Cimarex Energy Co's Return-on-Tangible-Asset or its related term are showing as below:
XEC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -42.37 Med: 6.97 Max: 16.05
Current: -0.55
During the past 13 years, Cimarex Energy Co's highest Return-on-Tangible-Asset was 16.05%. The lowest was -42.37%. And the median was 6.97%.
XEC's Return-on-Tangible-Asset is not ranked
in the Oil & Gas industry.
Industry Median: 2.77
vs XEC: -0.55
Cimarex Energy Co Return-on-Tangible-Asset Historical Data
The historical data trend for Cimarex Energy 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.
Competitive Comparison of Cimarex Energy Co's Return-on-Tangible-Asset
For the Oil & Gas E&P subindustry, Cimarex Energy 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.
Cimarex Energy Co's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cimarex Energy Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cimarex Energy Co's Return-on-Tangible-Asset falls into.
Cimarex Energy Co Return-on-Tangible-Asset Calculation
Cimarex Energy Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2020 is calculated as:
* 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 (Sep. 2021) net income data.
Cimarex Energy Co (NYSE:XEC) 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.
Cimarex Energy Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Cimarex Energy Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Cimarex Energy Co (Cimarex Energy Co) Business Description
Denver-based Cimarex Energy is an independent exploration and production company with operations throughout the Southern and Central United States, where its focus includes the Permian Basin, Woodford Shale, and Meramec horizon. The firm was created in 2002 when it spun off from Helmerich & Payne and then merged with Key Production. At year-end 2018, Cimarex's proved reserves were 591 million barrels of oil equivalent, with net production of 221 thousand boe per day. Natural gas represented 42% of production and 45% of reserves.
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