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Sky QuarrySKYQ +1.14%6 Return-on-Tangible-Asset is -78.70% as of Jun. 2026. GuruFocus rates SKYQ with a GF Score™ of 6/100. The stock has 4 warning signs investors should review. Among 1,035 Oil & Gas companies, Sky Quarry ranks worse than 93.14% on this metric.
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. Sky Quarry's annualizedNet Income for the quarter that ended in Jun. 2026 was $-16.22 Mil. Sky Quarry's average total tangible assets for the quarter that ended in Jun. 2026 was $20.61 Mil. Therefore, Sky Quarry's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -78.70%.
The historical rank and industry rank for Sky Quarry's Return-on-Tangible-Asset or its related term are showing as below:
SKYQ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -68.97 Med: -60.48 Max: -17.77
Current: -68.97
During the past 3 years, Sky Quarry's highest Return-on-Tangible-Asset was -17.77%. The lowest was -68.97%. And the median was -60.48%.
SKYQ's Return-on-Tangible-Asset is ranked worse than 93.14% of 1035
companies
in the Oil & Gas industry
Industry Median: 2.68
vs SKYQ: -68.97
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.
Sky Quarry Return-on-Tangible-Asset Related Terms
Sky Quarry Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Sky Quarry'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.
SKYQ vs ECTM, VIVK, SLNG: Return-on-Tangible-Asset Comparison
For the Oil & Gas Integrated subindustry, Sky Quarry'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.
Sky Quarry Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Sky Quarry's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sky Quarry'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of -78.70% mean?
Sky Quarry (SKYQ) has a Return-on-Tangible-Asset of -78.70% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Sky Quarry and its competitors. According to the industry distribution chart, Sky Quarry ranks #964 out of 1035 companies in the Oil & Gas industry, placing it in the top 93.1%.
Is Sky Quarry's Return-on-Tangible-Asset too high?
Sky Quarry's current Return-on-Tangible-Asset is -78.70%. Based on the distribution chart, Sky Quarry ranks #964 out of 1035 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Sky Quarry has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Sky Quarry's Return-on-Tangible-Asset compare to ECTM and VIVK?
According to the Oil & Gas industry distribution chart, Sky Quarry ranks #964 out of 1035 companies for Return-on-Tangible-Asset. This places Sky Quarry in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.68. 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 2.68, based on 1,035 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. 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 Sky Quarry and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sky Quarry's current Return-on-Tangible-Asset is -78.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sky Quarry stock overvalued right now?
Sky Quarry (SKYQ) has a current Return-on-Tangible-Asset of -78.70%. The current Return-on-Tangible-Asset is -78.70%. Sky Quarry's overall GF Score™ is 6/100 with 4 warning signs to review. 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 Sky Quarry (SKYQ), the current Return-on-Tangible-Asset is -78.70% as of Jun. 2026. 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.
Sky Quarry Inc is a development-stage oil-producing and refining company. The company, along with its subsidiaries, is engaged in deploying technologies to facilitate the recycling of waste asphalt shingles and the remediation of oil-saturated soils. The recycling and production of oil from asphalt shingles is expected to reduce the dependence on landfills for the disposal of waste and to also reduce dependence on foreign and domestic virgin crude oil extraction for industrial uses. It has one reportable segment: refined crude oil. The company refines crude oil to produce several key products, including Diesel, Liquid Asphalt, Vacuum Gas Oil (VGO), and Naphtha, each with distinct industrial applications.
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