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Tomer Energy Royalties (2012) (XTAE:TOEN) Return-on-Tangible-Asset : 1.53% (As of Dec. 2024)


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What is Tomer Energy Royalties (2012) 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. Tomer Energy Royalties (2012)'s annualized Net Income for the quarter that ended in Dec. 2024 was ₪2.60 Mil. Tomer Energy Royalties (2012)'s average total tangible assets for the quarter that ended in Dec. 2024 was ₪170.26 Mil. Therefore, Tomer Energy Royalties (2012)'s annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 1.53%.

The historical rank and industry rank for Tomer Energy Royalties (2012)'s Return-on-Tangible-Asset or its related term are showing as below:

XTAE:TOEN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.53   Med: 2.2   Max: 2.86
Current: 1.53

During the past 3 years, Tomer Energy Royalties (2012)'s highest Return-on-Tangible-Asset was 2.86%. The lowest was 1.53%. And the median was 2.20%.

XTAE:TOEN's Return-on-Tangible-Asset is ranked worse than
53.53% of 1063 companies
in the Oil & Gas industry
Industry Median: 2.19 vs XTAE:TOEN: 1.53

Tomer Energy Royalties (2012) Return-on-Tangible-Asset Historical Data

The historical data trend for Tomer Energy Royalties (2012)'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.

Tomer Energy Royalties (2012) Return-on-Tangible-Asset Chart

Tomer Energy Royalties (2012) Annual Data
Trend Dec22 Dec23 Dec24
Return-on-Tangible-Asset
- 2.86 1.53

Tomer Energy Royalties (2012) Semi-Annual Data
Dec22 Dec23 Dec24
Return-on-Tangible-Asset - 2.86 1.53

Competitive Comparison of Tomer Energy Royalties (2012)'s Return-on-Tangible-Asset

For the Oil & Gas E&P subindustry, Tomer Energy Royalties (2012)'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.


Tomer Energy Royalties (2012)'s Return-on-Tangible-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tomer Energy Royalties (2012)'s Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Tomer Energy Royalties (2012)'s Return-on-Tangible-Asset falls into.


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Tomer Energy Royalties (2012) Return-on-Tangible-Asset Calculation

Tomer Energy Royalties (2012)'s annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=2.604/( (161.922+178.604)/ 2 )
=2.604/170.263
=1.53 %

Tomer Energy Royalties (2012)'s annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Dec. 2023 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Dec. 2023 )(Q: Dec. 2024 )
=2.604/( (161.922+178.604)/ 2 )
=2.604/170.263
=1.53 %

* 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 one times the annual (Dec. 2024) net income data.


Tomer Energy Royalties (2012)  (XTAE:TOEN) 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.


Tomer Energy Royalties (2012) Return-on-Tangible-Asset Related Terms

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Tomer Energy Royalties (2012) Business Description

Traded in Other Exchanges
N/A
Address
Hasadnaot 4, Herzliya, ISR, 4672831
Tomer Energy Royalties (2012) Ltd operates as an independent exploration and production company. The company is engaged in oil and gas exploration and production in Israel and abroad. It has the right to receive super-benefits from the Tamar and Dalit gas fields.

Tomer Energy Royalties (2012) Headlines

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