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Dynagas LNG Partners LP (Dynagas LNG Partners LP) Return-on-Tangible-Equity : 1.25% (As of Sep. 2023)


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What is Dynagas LNG Partners LP Return-on-Tangible-Equity?

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. Dynagas LNG Partners LP's annualized net income for the quarter that ended in Sep. 2023 was $5.52 Mil. Dynagas LNG Partners LP's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $441.42 Mil. Therefore, Dynagas LNG Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 1.25%.

The historical rank and industry rank for Dynagas LNG Partners LP's Return-on-Tangible-Equity or its related term are showing as below:

DLNGpA.PFD' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.13   Med: 14.13   Max: 27.41
Current: 8.6

During the past 12 years, Dynagas LNG Partners LP's highest Return-on-Tangible-Equity was 27.41%. The lowest was 1.13%. And the median was 14.13%.

DLNGpA.PFD's Return-on-Tangible-Equity is ranked worse than
51.14% of 1005 companies
in the Oil & Gas industry
Industry Median: 8.96 vs DLNGpA.PFD: 8.60

Dynagas LNG Partners LP Return-on-Tangible-Equity Historical Data

The historical data trend for Dynagas LNG Partners LP'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.

* Premium members only.

Dynagas LNG Partners LP Return-on-Tangible-Equity Chart

Dynagas LNG Partners LP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.13 1.13 10.47 14.84 13.41

Dynagas LNG Partners 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-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.16 11.08 8.99 13.23 1.25

Competitive Comparison of Dynagas LNG Partners LP's Return-on-Tangible-Equity

For the Oil & Gas Midstream subindustry, Dynagas LNG Partners LP'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.


Dynagas LNG Partners LP's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Dynagas LNG Partners LP's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Dynagas LNG Partners LP's Return-on-Tangible-Equity falls into.



Dynagas LNG Partners LP Return-on-Tangible-Equity Calculation

Dynagas LNG Partners LP's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=54.01/( (381.484+423.931 )/ 2 )
=54.01/402.7075
=13.41 %

Dynagas LNG Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=5.52/( (442.18+440.669)/ 2 )
=5.52/441.4245
=1.25 %

* 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 (Sep. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Dynagas LNG Partners LP  (NYSE:DLNGpA.PFD) 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.


Dynagas LNG Partners LP Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Dynagas LNG Partners LP's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Dynagas LNG Partners LP (Dynagas LNG Partners LP) Business Description

Traded in Other Exchanges
Address
Poseidonos Avenue and Foivis 2 Street, 166 74 Glyfada, Athens, GRC, 98000
Dynagas LNG Partners LP is a limited partnership company focused on owning and operating high specification and versatile LNG carriers that are employed on multi-year contracts with international energy companies, providing the benefits of stable cash flows and high utilization rates. The company defines charters of two years or more as multi-year charters. Its current LNG Carrier fleet is optimized for trading flexibility. In addition to conventional trade, part of LNG Carrier fleet is assigned with Ice Class 1A FS notation and are winterized which enables trade in subzero and ice bound conditions.