What is New Jersey Resources 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. New Jersey Resources's annualized net income for the quarter that ended in Mar. 2024 was $483 Mil. New Jersey Resources's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $2,113 Mil. Therefore, New Jersey Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 22.87%.
The historical rank and industry rank for New Jersey Resources's Return-on-Tangible-Equity or its related term are showing as below:
NJR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.26 Med: 12.78 Max: 18.02
Current: 12.21
During the past 13 years, New Jersey Resources's highest Return-on-Tangible-Equity was 18.02%. The lowest was 7.26%. And the median was 12.78%.
NJR's Return-on-Tangible-Equity is ranked better than 54.72% of 508
companies
in the Utilities - Regulated industry
Industry Median: 10.825
vs NJR: 12.21
New Jersey Resources Return-on-Tangible-Equity Historical Data
The historical data trend for New Jersey Resources'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.
New Jersey Resources Return-on-Tangible-Equity Chart
Competitive Comparison of New Jersey Resources's Return-on-Tangible-Equity
For the Utilities - Regulated Gas subindustry, New Jersey Resources'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.
New Jersey Resources's Return-on-Tangible-Equity Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, New Jersey Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where New Jersey Resources's Return-on-Tangible-Equity falls into.
New Jersey Resources Return-on-Tangible-Equity Calculation
New Jersey Resources's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 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 four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
New Jersey Resources (NYSE:NJR) 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.
New Jersey Resources Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of New Jersey Resources's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
New Jersey Resources (New Jersey Resources) Business Description
New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to more than 575,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.
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