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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Atwood Oceanics's annualized net income for the quarter that ended in Jun. 2017 was $-17.4 Mil. Atwood Oceanics's average shareholder tangible equity for the quarter that ended in Jun. 2017 was $3,400.4 Mil. Therefore, Atwood Oceanics's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2017 was -0.51%.
The historical rank and industry rank for Atwood Oceanics's Return-on-Tangible-Equity or its related term are showing as below:
The historical data trend for Atwood Oceanics's Return-on-Tangible-Equity 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.
Atwood Oceanics Annual Data | |||||||||||||||||||||
Trend | Sep07 | Sep08 | Sep09 | Sep10 | Sep11 | Sep12 | Sep13 | Sep14 | Sep15 | Sep16 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 15.15 | 16.89 | 14.31 | 15.72 | 8.59 |
Atwood Oceanics Quarterly Data | ||||||||||||||||||||
Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 12.58 | 0.53 | 1.19 | -3.47 | -0.51 |
For the Oil & Gas Drilling subindustry, Atwood Oceanics's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Oil & Gas industry and Energy sector, Atwood Oceanics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Atwood Oceanics's Return-on-Tangible-Equity falls into.
Atwood Oceanics's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2016 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Sep. 2016 ) | (A: Sep. 2015 ) | (A: Sep. 2016 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Sep. 2016 ) | (A: Sep. 2015 ) | (A: Sep. 2016 ) | |||||
= | 265.272 | / | ( (2947.17 | + | 3230.386 ) | / 2 ) | |
= | 265.272 | / | 3088.778 | ||||
= | 8.59 % |
Atwood Oceanics's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2017 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Jun. 2017 ) | (Q: Mar. 2017 ) | (Q: Jun. 2017 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Jun. 2017 ) | (Q: Mar. 2017 ) | (Q: Jun. 2017 ) | |||||
= | -17.396 | / | ( (3401.022 | + | 3399.822) | / 2 ) | |
= | -17.396 | / | 3400.422 | ||||
= | -0.51 % |
* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2017) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Atwood Oceanics (NYSE:ATW) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of Atwood Oceanics's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey Allen Miller | director | 3000 N. SAM HOUSTON PARKWAY E., HOUSTON TX 77032 |
Phil D Wedemeyer | director | |
Jack E Golden | director | 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084 |
Mark W. Smith | officer: SVP & Chief Financial Officer | 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084 |
Hans Helmerich | director | C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404 |
George S Dotson | director | |
James R Montague | director | FIVE RADNOR CORPORATE CENTER, SUITE 500, RADNOR PA 19087 |
Barry Michael Smith | officer: Sr. VP - Technical Services | 15835 PARK TEN PLACE DRIEV, HOUSTON TX 77084 |
Robert J. Saltiel | officer: President & CEO | 4 GREENWAY PLAZA, HOUSTON TX 77046 |
Walter A Baker | officer: Sr Vice Pres., General Counsel | 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084 |
Stuart D Allen | officer: See Remarks | 1004 STANFORD ST., UNIT B, HOUSTON TX 77019 |
Geoffrey C. Wagner | officer: VP, Marketing & Bus. Dev. | 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084 |
Mark-anthony Lovell Mey | officer: Exec. VP & CFO | 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084 |
Alan Quintero | officer: Senior Vice President - Operat | 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084 |
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