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. Avance Gas Holding's annualizedNet Income for the quarter that ended in Mar. 2025 was $170.4 Mil. Avance Gas Holding's average total tangible assets for the quarter that ended in Mar. 2025 was $259.4 Mil. Therefore, Avance Gas Holding's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 65.71%.
The historical rank and industry rank for Avance Gas Holding's Return-on-Tangible-Asset or its related term are showing as below:
AVACF's Return-on-Tangible-Asset is not ranked *
in the Oil & Gas industry.
Industry Median: 2.04 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Avance Gas Holding (OTCPK:AVACF) 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.
Avance Gas Holding Return-on-Tangible-Asset Related Terms
Avance Gas Holding Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Avance Gas Holding'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.
AVACF vs FOMI, WMB, EPD: Return-on-Tangible-Asset Comparison
For the Oil & Gas Midstream subindustry, Avance Gas Holding'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.
Avance Gas Holding Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Avance Gas Holding's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Avance Gas Holding's Return-on-Tangible-Asset 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-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 four times the quarterly (Mar. 2025) net income data.
What does a Return-on-Tangible-Asset of 65.71% mean?
Avance Gas Holding (AVACF) has a Return-on-Tangible-Asset of 65.71% as of Mar. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Avance Gas Holding and its competitors.
Is Avance Gas Holding's Return-on-Tangible-Asset too high?
Avance Gas Holding's current Return-on-Tangible-Asset is 65.71%. The Oil & Gas industry median Return-on-Tangible-Asset is 2.04. Avance Gas Holding's value of 65.71% is 3121.1% above this industry median.
How does Avance Gas Holding's Return-on-Tangible-Asset compare to FOMI and WMB?
Avance Gas Holding's Return-on-Tangible-Asset of 65.71% can be compared against companies in the Oil & Gas industry. The industry median Return-on-Tangible-Asset is 2.04. Avance Gas Holding's value of 65.71% is 3121.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.04, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Avance Gas Holding's current Return-on-Tangible-Asset of 65.71% is 3121.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Avance Gas Holding and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avance Gas Holding's current Return-on-Tangible-Asset is 65.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avance Gas Holding stock overvalued right now?
Avance Gas Holding (AVACF) has a current Return-on-Tangible-Asset of 65.71%. The current Return-on-Tangible-Asset is 65.71% and 3121.1% above the Oil & Gas industry median of 2.04. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Avance Gas Holding (AVACF), the current Return-on-Tangible-Asset is 65.71% as of Mar. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG. It operates a fleet of vessels providing customers with transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading from the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment, which is liquefied petroleum gas.
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