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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. Magnolia Oil & Gas's annualized Net Income for the quarter that ended in Dec. 2023 was $394 Mil. Magnolia Oil & Gas's average total tangible assets for the quarter that ended in Dec. 2023 was $2,704 Mil. Therefore, Magnolia Oil & Gas's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 14.56%.
The historical rank and industry rank for Magnolia Oil & Gas's Return-on-Tangible-Asset or its related term are showing as below:
During the past 8 years, Magnolia Oil & Gas's highest Return-on-Tangible-Asset was 41.39%. The lowest was -49.46%. And the median was 12.58%.
The historical data trend for Magnolia Oil & Gas'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.
Magnolia Oil & Gas Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 1.47 | -49.46 | 26.16 | 41.39 | 14.57 |
Magnolia Oil & Gas Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 38.04 | 14.97 | 14.23 | 15.64 | 14.56 |
For the Oil & Gas E&P subindustry, Magnolia Oil & Gas'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.
For the Oil & Gas industry and Energy sector, Magnolia Oil & Gas's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Magnolia Oil & Gas's Return-on-Tangible-Asset falls into.
Magnolia Oil & Gas's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 388.301 | / | ( (2572.585 | + | 2756.216) | / 2 ) | |
= | 388.301 | / | 2664.4005 | ||||
= | 14.57 % |
Magnolia Oil & Gas's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 393.78 | / | ( (2652.493 | + | 2756.216) | / 2 ) | |
= | 393.78 | / | 2704.3545 | ||||
= | 14.56 % |
* 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 (Dec. 2023) net income data.
Magnolia Oil & Gas (NYSE:MGY) 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.
Thank you for viewing the detailed overview of Magnolia Oil & Gas's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
James R Larson | director | CSI COMPRESSCO LP, 1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380 |
Enervest, Ltd. | director, 10 percent owner | 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002 |
John B Walker | director, 10 percent owner | NINE GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046 |
Brian Corales | officer: SVP & Chief Financial Officer | C/O MAGNOLIA OIL & GAS CORPORATION, NINE GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046 |
Stephen I Chazen | director, officer: Chairman, President & CEO | 1700 E. PUTNAM AVE, SUITE 500, OLD GREENWICH CT 06870 |
Enervest Energy Institutional Fund Xiv-c, L.p. | 10 percent owner | 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002 |
Angela M Busch | director | 1 ECOLAB PLACE, SAINT PAUL MN 55102 |
Enervest Management Gp, L.c. | 10 percent owner | 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002 |
Enervest Investment Services, L.l.c. | 10 percent owner | 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002 |
Enervest Energy Institutional Fund Xiv-wic, L.p. | 10 percent owner | 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002 |
Enervest Energy Institutional Fund Xiv-3a, L.p. | 10 percent owner | 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002 |
Enervest Energy Institutional Fund Xiv-2a, L.p. | 10 percent owner | 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002 |
Enervest Energy Institutional Fund Xiv-a, L.p. | 10 percent owner | 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002 |
Enervest Energy Institutional Fund Xiv-c-aiv, L.p. | 10 percent owner | 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002 |
Michael G. Macdougall | director | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
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