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. Tatneft PJSC's annualizedNet Income for the quarter that ended in Jun. 2022 was $4,441 Mil. Tatneft PJSC's average total tangible assets for the quarter that ended in Jun. 2022 was $23,132 Mil. Therefore, Tatneft PJSC's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 was 19.20%.
The historical rank and industry rank for Tatneft PJSC's Return-on-Tangible-Asset or its related term are showing as below:
OAOFY's Return-on-Tangible-Asset is not ranked *
in the Oil & Gas industry.
Industry Median: 1.98 * 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.
Tatneft PJSC Return-on-Tangible-Asset Related Terms
Tatneft PJSC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tatneft PJSC'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.
OAOFY vs XOM, CVX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Integrated subindustry, Tatneft PJSC'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.
Tatneft PJSC Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tatneft PJSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tatneft PJSC'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 two times the semi-annual (Jun. 2022) net income data.
What does a Return-on-Tangible-Asset of 19.20% mean?
Tatneft PJSC (OAOFY) has a Return-on-Tangible-Asset of 19.20% as of Jun. 2022. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Tatneft PJSC and its competitors.
Is Tatneft PJSC's Return-on-Tangible-Asset too high?
Tatneft PJSC's current Return-on-Tangible-Asset is 19.20%. The Oil & Gas industry median Return-on-Tangible-Asset is 1.98. Tatneft PJSC's value of 19.20% is 869.7% above this industry median. Overall, Tatneft PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Tatneft PJSC's Return-on-Tangible-Asset compare to XOM and CVX?
Tatneft PJSC's Return-on-Tangible-Asset of 19.20% can be compared against companies in the Oil & Gas industry. The industry median Return-on-Tangible-Asset is 1.98. Tatneft PJSC's value of 19.20% is 869.7% 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 1.98, 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. Tatneft PJSC's current Return-on-Tangible-Asset of 19.20% is 869.7% 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 Tatneft PJSC and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 1.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tatneft PJSC's current Return-on-Tangible-Asset is 19.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tatneft PJSC stock overvalued right now?
Tatneft PJSC (OAOFY) has a current Return-on-Tangible-Asset of 19.20%. The current Return-on-Tangible-Asset is 19.20% and 869.7% above the Oil & Gas industry median of 1.98. Tatneft PJSC's overall GF Score™ is 17/100. 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 Tatneft PJSC (OAOFY), the current Return-on-Tangible-Asset is 19.20% as of Jun. 2022. 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.
Tatneft PJSC is an integrated oil and gas company based in Russia. Its operations include developing, producing, refining, and retailing oil and gas. Upstream, the company explores and produces oil within Western Russian oilfields. A large portion of its crude oil is sent to its Taneco refinery, or is sold to other Russian refineries. The remaining crude is exported to further markets, mainly Europe. Downstream, Tatneft refines and markets numerous petroleum and gas products. It then captures retail revenue from its filling stations, most of which are in Russia.
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