GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Summer Energy Holdings Inc (OTCPK:SUME) » Definitions » Return-on-Tangible-Asset

SUME (Summer Energy Holdings) Return-on-Tangible-Asset : -11.23% (As of Jun. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Summer Energy Holdings 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. Summer Energy Holdings's annualized Net Income for the quarter that ended in Jun. 2024 was $-10.6 Mil. Summer Energy Holdings's average total tangible assets for the quarter that ended in Jun. 2024 was $94.0 Mil. Therefore, Summer Energy Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was -11.23%.

The historical rank and industry rank for Summer Energy Holdings's Return-on-Tangible-Asset or its related term are showing as below:

SUME' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -48.81   Med: -11.15   Max: 18.08
Current: 3.18

During the past 13 years, Summer Energy Holdings's highest Return-on-Tangible-Asset was 18.08%. The lowest was -48.81%. And the median was -11.15%.

SUME's Return-on-Tangible-Asset is ranked worse than
50.1% of 503 companies
in the Utilities - Regulated industry
Industry Median: 3.18 vs SUME: 3.18

Summer Energy Holdings Return-on-Tangible-Asset Historical Data

The historical data trend for Summer Energy Holdings'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.

Summer Energy Holdings Return-on-Tangible-Asset Chart

Summer Energy Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.40 -23.15 18.08 -15.40 2.04

Summer Energy Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -24.17 -32.92 -7.02 65.73 -11.23

Competitive Comparison of Summer Energy Holdings's Return-on-Tangible-Asset

For the Utilities - Regulated Electric subindustry, Summer Energy Holdings'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.


Summer Energy Holdings's Return-on-Tangible-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Summer Energy Holdings's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Summer Energy Holdings's Return-on-Tangible-Asset falls into.


;
;

Summer Energy Holdings Return-on-Tangible-Asset Calculation

Summer Energy Holdings'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 )
=1.863/( (89.175+93.038)/ 2 )
=1.863/91.1065
=2.04 %

Summer Energy Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=-10.552/( (97.621+90.312)/ 2 )
=-10.552/93.9665
=-11.23 %

* 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. 2024) net income data.


Summer Energy Holdings  (OTCPK:SUME) 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.


Summer Energy Holdings Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Summer Energy Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Summer Energy Holdings Business Description

Traded in Other Exchanges
N/A
Address
5847 San Felipe Street, Suite 3700, Houston, TX, USA, 77057
Summer Energy Holdings Inc operates as a retail electricity provider. The company sells electricity and provides related billing, customer service, collections, and remittance services to residential and commercial customers. It derives revenue from the sale of electricity to residential and small commercial customers.
Executives
Jaleea Pyle George director, officer: CFO, Secretary 5847 SAN FELIPE STREET, #3700, HOUSTON TX 77057
James P Stapleton director
Andrew Bursten director 800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Jeffery Mace Meeks director 800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Tom Davis Oleary director, 10 percent owner 5847 SAN FELIPE STREET, #3700, HOUSTON TX 77057
Stuart Charles Gaylor director 7807 MAIN STREET, HOUSTON TX 77030
Neil Leibman director, 10 percent owner, officer: CEO, President 5847 SAN FELIPE STREET, #3700, HOUSTON TX 77057
Kelli Jean Mitchell officer: Chief Operating Officer 5847 SAN FELIPE STREET, SUITE 3700, HOUSTON TX 77057
Albert Jr Larose director 24918 PALMER COVE DRIVE, SPRING TX 77389
Angela Hanley officer: Sr VP of Operations & Mktg 800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Maa Holdings, Ltd. 10 percent owner 515 W. FRIAR TUCK LANE, HOUSTON TX 77024
Michael D Vanderhoof director PO BOX 715, OAKLEY UT 84055
Tom M. Davis Family Lands Trust 10 percent owner 800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Meryl Lee Roberts 10 percent owner 800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Andrew J. Priest director 800 BERING DRIVE, SUITE 260, HOUSTON TX 77057

Summer Energy Holdings Headlines