Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Top End Energy's annualizedNet Income for the quarter that ended in Dec. 2023 was A$-1.80 Mil. Top End Energy's average total tangible assets for the quarter that ended in Dec. 2023 was A$3.67 Mil. Therefore, Top End Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -49.22%.
The historical rank and industry rank for Top End Energy's Return-on-Tangible-Asset or its related term are showing as below:
ASX:TEE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -92.33 Med: -79.29 Max: -33.15
Current: -92.33
During the past 3 years, Top End Energy's highest Return-on-Tangible-Asset was -33.15%. The lowest was -92.33%. And the median was -79.29%.
ASX:TEE's Return-on-Tangible-Asset is ranked worse than 95.38% of 1061
companies
in the Oil & Gas industry
Industry Median: 2.34
vs ASX:TEE: -92.33
Top End Energy Return-on-Tangible-Asset Historical Data
The historical data trend for Top End Energy's Return-on-Tangible-Asset 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.
Top End Energy Return-on-Tangible-Asset Chart
Top End Energy Annual Data
Trend
Jun22
Jun23
Jun24
Return-on-Tangible-Asset
-79.29
-33.15
-88.22
Top End Energy Semi-Annual Data
Jun22
Dec22
Jun23
Dec23
Jun24
Return-on-Tangible-Asset
-
-36.13
-30.72
-49.22
-148.49
Competitive Comparison of Top End Energy's Return-on-Tangible-Asset
For the Oil & Gas E&P subindustry, Top End Energy's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Top End Energy's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Top End Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Top End Energy's Return-on-Tangible-Asset falls into.
Top End Energy Return-on-Tangible-Asset Calculation
Top End Energy's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2024 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-Asset, the net income of the last fiscal year and the average total tangible assets 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.
Top End Energy (ASX:TEE) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Top End Energy Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Top End Energy's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Top End Energy Ltd operates in the oil and gas industry with a focus on exploring for oil, gas and other associated, and potentially marketable, product streams in Queensland and the Northern Territory. The company's projects include Tri Star Project, NT Territory Holdco Pty Ltd, and TG Project. The Group has identified one operating segment being the exploration for natural gas in Australia.
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