What is Natural Resources 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. Natural Resources Partners LP's annualized net income for the quarter that ended in Mar. 2024 was $224.9 Mil. Natural Resources Partners LP's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $-16.2 Mil. Therefore, Natural Resources Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was Negative Tangible Equity%.
The historical rank and industry rank for Natural Resources Partners LP's Return-on-Tangible-Equity or its related term are showing as below:
NRP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -182.23 Med: 51.26 Max: 164.37
Current: 57.74
During the past 13 years, Natural Resources Partners LP's highest Return-on-Tangible-Equity was 164.37%. The lowest was -182.23%. And the median was 51.26%.
NRP's Return-on-Tangible-Equity is ranked better than 92.44% of 172
companies
in the Other Energy Sources industry
Industry Median: 7.915
vs NRP: 57.74
Natural Resources Partners LP Return-on-Tangible-Equity Historical Data
* 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 Natural Resources Partners LP's Return-on-Tangible-Equity
For the Thermal Coal subindustry, Natural Resources 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.
Natural Resources Partners LP's Return-on-Tangible-Equity Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Natural Resources Partners LP's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Natural Resources Partners LP's Return-on-Tangible-Equity falls into.
* 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.
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.
Natural Resources Partners LP Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Natural Resources Partners LP's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Natural Resources Partners LP (Natural Resources Partners LP) Business Description
Natural Resources Partners LP is a diversified natural resource company. It is engaged in the business of owning, managing and leasing a diversified portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand, and other natural resources. The company leases coal reserves to experience mine operators under long-term leases that grant the operator the right to mine its coal reserves in exchange for royalty payments. The company operates in two reportable segments namely: Mineral Rights and Soda Ash. the majority of the revenue is generated from the Mineral Rights segment. The business activity of the group functions through the United States.
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