Newfield Exploration Co (FRA:NX9) Return-on-Tangible-Equity : 51.07% (As of Sep. 2018)

Newfield Exploration Co Return-on-Tangible-Equity Chart

Newfield Exploration Co Annual Data
	Trend	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Return-on-Tangible-Equity		Get a 7-Day Free Trial					5.02	27.47	-139.55	-108.21	34.71

Newfield Exploration Co Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Return-on-Tangible-Equity	Get a 7-Day Free Trial															26.96	28.15	23.15	31.05	51.07

Competitive Comparison of Newfield Exploration Co's Return-on-Tangible-Equity

For the Oil & Gas E&P subindustry, Newfield Exploration Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.

Newfield Exploration Co's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Newfield Exploration Co's Return-on-Tangible-Equity falls into.

Newfield Exploration Co Return-on-Tangible-Equity Calculation

Newfield Exploration Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2017 is calculated as

Newfield Exploration Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2018 is calculated as

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2018) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Newfield Exploration Co  (FRA:NX9) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.

Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.

Newfield Exploration Co Return-on-Tangible-Equity Related Terms

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Newfield Exploration Co (FRA:NX9) Business Description