Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Foothills Exploration's annualizedNet Income for the quarter that ended in Sep. 2019 was $3.09 Mil. Foothills Exploration's average total tangible assets for the quarter that ended in Sep. 2019 was $13.56 Mil. Therefore, Foothills Exploration's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2019 was 22.80%.
The historical rank and industry rank for Foothills Exploration's Return-on-Tangible-Asset or its related term are showing as below:
FTXP's Return-on-Tangible-Asset is not ranked *
in the Oil & Gas industry.
Industry Median: 2.08 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
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.
Foothills Exploration Return-on-Tangible-Asset Related Terms
Foothills Exploration Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Foothills Exploration'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.
FTXP vs CNRR, GBR, ENRJ: Return-on-Tangible-Asset Comparison
For the Oil & Gas E&P subindustry, Foothills Exploration'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.
Foothills Exploration Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Foothills Exploration's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Foothills Exploration'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 (Sep. 2019) net income data.
What does a Return-on-Tangible-Asset of 22.80% mean?
Foothills Exploration (FTXP) has a Return-on-Tangible-Asset of 22.80% as of Sep. 2019. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Foothills Exploration and its competitors.
Is Foothills Exploration's Return-on-Tangible-Asset too high?
Foothills Exploration's current Return-on-Tangible-Asset is 22.80%. The Oil & Gas industry median Return-on-Tangible-Asset is 2.08. Foothills Exploration's value of 22.80% is 996.2% above this industry median.
How does Foothills Exploration's Return-on-Tangible-Asset compare to CNRR and GBR?
Foothills Exploration's Return-on-Tangible-Asset of 22.80% can be compared against companies in the Oil & Gas industry. The industry median Return-on-Tangible-Asset is 2.08. Foothills Exploration's value of 22.80% is 996.2% 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 2.08, based on 1,024 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. Foothills Exploration's current Return-on-Tangible-Asset of 22.80% is 996.2% 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 Foothills Exploration and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Foothills Exploration's current Return-on-Tangible-Asset is 22.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Foothills Exploration stock overvalued right now?
Foothills Exploration (FTXP) has a current Return-on-Tangible-Asset of 22.80%. The current Return-on-Tangible-Asset is 22.80% and 996.2% above the Oil & Gas industry median of 2.08. 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 Foothills Exploration (FTXP), the current Return-on-Tangible-Asset is 22.80% as of Sep. 2019. 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.
Foothills Exploration Inc is an independent oil and gas exploration and production company. It engages in the acquisition and development of oil and natural gas properties. The firm is actively focused on acquiring producing and developmental properties in the Rockies and Gulf Coast regions. Its projects include Wind River Basin, Stagecoach Project, and Altamont-Bluebell Project.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FTXP has been successfully added to your 
