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. Beach Energy's annualized net income for the quarter that ended in Dec. 2023 was $-462 Mil. Beach Energy's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $2,421 Mil. Therefore, Beach Energy's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -19.08%.
The historical rank and industry rank for Beach Energy's Return-on-Tangible-Equity or its related term are showing as below:
BCHEY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -48.47 Med: 11.82 Max: 31.29
Current: -4.18
During the past 13 years, Beach Energy's highest Return-on-Tangible-Equity was 31.29%. The lowest was -48.47%. And the median was 11.82%.
BCHEY's Return-on-Tangible-Equity is ranked worse than 73.35% of 1002
companies
in the Oil & Gas industry
Industry Median: 8.345
vs BCHEY: -4.18
Beach Energy Return-on-Tangible-Equity Historical Data
The historical data trend for Beach Energy'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.
Competitive Comparison of Beach Energy's Return-on-Tangible-Equity
For the Oil & Gas E&P subindustry, Beach Energy'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.
Beach Energy's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Beach Energy's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Beach Energy's Return-on-Tangible-Equity falls into.
Beach Energy Return-on-Tangible-Equity Calculation
Beach Energy's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2023 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-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 two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Beach Energy (OTCPK:BCHEY) 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.
Beach Energy Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Beach Energy's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Beach produces oil, gas, and gas liquids from numerous joint ventures in the onshore Cooper and Eromanga basins. Beach merged with Cooper Basin joint-venture partner Drillsearch Energy Limited in March 2016, which increased equity production to about 10 million barrels of oil equivalent. This more than doubled to over 20 million barrels of oil equivalent following the successful purchase of Lattice from Origin Energy in 2018. The average field life is 10 years based on forecast production and 255 mmboe of proven and probable reserves. We credit life of around 15 years, assuming substantial conversion of 2C contingent resources into reserve category with drilling. Shale gas resources are blue-sky.
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