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SOCGP.PFD (Southern California Gas Co) Return-on-Tangible-Asset : -0.22% (As of Sep. 2024)


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What is Southern California Gas Co Return-on-Tangible-Asset?

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. Southern California Gas Co's annualized Net Income for the quarter that ended in Sep. 2024 was $-56.00 Mil. Southern California Gas Co's average total tangible assets for the quarter that ended in Sep. 2024 was $25,098.00 Mil. Therefore, Southern California Gas Co's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -0.22%.

The historical rank and industry rank for Southern California Gas Co's Return-on-Tangible-Asset or its related term are showing as below:

SOCGP.PFD's Return-on-Tangible-Asset is not ranked *
in the Oil & Gas industry.
Industry Median: 2.34
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Southern California Gas Co Return-on-Tangible-Asset Historical Data

The historical data trend for Southern California Gas Co'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.

* Premium members only.

Southern California Gas Co Return-on-Tangible-Asset Chart

Southern California Gas Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.95 2.84 -2.20 2.81 3.63

Southern California Gas Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 4.93 6.08 2.11 -0.22

Competitive Comparison of Southern California Gas Co's Return-on-Tangible-Asset

For the Oil & Gas Midstream subindustry, Southern California Gas Co'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.


Southern California Gas Co's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Southern California Gas Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Southern California Gas Co's Return-on-Tangible-Asset falls into.



Southern California Gas Co Return-on-Tangible-Asset Calculation

Southern California Gas Co'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 )
=812/( (22346+22346)/ 2 )
=812/22346
=3.63 %

Southern California Gas Co's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=-56/( (24734+25462)/ 2 )
=-56/25098
=-0.22 %

* 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. 2024) net income data.


Southern California Gas Co  (OTCPK:SOCGP.PFD) 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 company’s 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 company’s 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.


Southern California Gas Co Return-on-Tangible-Asset Related Terms

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Southern California Gas Co Business Description

Traded in Other Exchanges
Address
555 West Fifth Street, Los Angeles, CA, USA, 90013
Southern California Gas Co is a regulated public utility that owns and operates a natural gas distribution, transmission and storage system that delivers natural gas to a population of approximately twenty one million.
Executives
Diana L Day director 488 8TH AVENUE, SAN DIEGO CA 92101
Karen L Sedgwick director 488 8TH AVENUE, SAN DIEGO CA 92101
Jeffery Lenord Walker officer: SVP-Chief Admin & Diversity Of 555 WEST 5TH STREET, LOS ANGELES CA 90013
Scott D. Drury director, officer: Chief Executive Officer 555 W 5TH STREET, LOS ANGELES CA 90013
Kevin C. Sagara director 488 8TH AVENUE, SAN DIEGO CA 92101
Mia Demontigny officer: VP, CFO, Controller & CAO 488 8TH AVENUE, SAN DIEGO CA 92101
Randall Lee Clark director 488 8TH AVENUE, SAN DIEGO CA 92101
Maryam S. Brown officer: President 555 W. 5TH STREET, LOS ANGELES CA 90013
Alexander Lisa Larroque director 488 8TH AVENUE, SAN DIEGO CA 92101
David Judson Barrett officer: VP and General Counsel 555 W 5TH STREET, LOS ANGELES CA 90013
Jimmie I Cho officer: Senior Vice President 555 W 5TH STREET, LOS ANGELES CA 90013
Patrick Kevin Chase officer: SVP, Chief Information Officer 488 8TH AVENUE, SAN DIEGO CA 92101
Gillian Wright officer: Chief HR and Admin Officer 555 W. 5TH STREET, LOS ANGELSS CA 90013
Hal D. Snyder officer: Chief HR and Admin Officer 555 WEST FIFTH STREET, LOS ANGELES CA 90013
Trevor I Mihalik director 101 ASH STREET, SAN DIEGO CA 92101

Southern California Gas Co Headlines

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