Glen Rose Petroleum (Glen Rose Petroleum) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Dec. 2011)

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What is Glen Rose Petroleum Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Glen Rose Petroleum's annualized net income for the quarter that ended in Dec. 2011 was $3.64 Mil. Glen Rose Petroleum's average shareholder tangible equity for the quarter that ended in Dec. 2011 was $-8.83 Mil. Therefore, Glen Rose Petroleum's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2011 was Negative Tangible Equity%.

The historical rank and industry rank for Glen Rose Petroleum's Return-on-Tangible-Equity or its related term are showing as below:

GLRP's Return-on-Tangible-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 8.085
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Glen Rose Petroleum Return-on-Tangible-Equity Historical Data

The historical data trend for Glen Rose Petroleum's Return-on-Tangible-Equity 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.

Glen Rose Petroleum Return-on-Tangible-Equity Chart

Glen Rose Petroleum Annual Data

Trend

Mar02

Mar03

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Return-on-Tangible-Equity

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-181.68

-165.92

-69.27

Glen Rose Petroleum Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Return-on-Tangible-Equity	Get a 7-Day Free Trial															-259.02	-	Negative Tangible Equity	Negative Tangible Equity	Negative Tangible Equity

Competitive Comparison of Glen Rose Petroleum's Return-on-Tangible-Equity

For the Oil & Gas E&P subindustry, Glen Rose Petroleum'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.

Glen Rose Petroleum's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Glen Rose Petroleum's Return-on-Tangible-Equity falls into.

Glen Rose Petroleum Return-on-Tangible-Equity Calculation

Glen Rose Petroleum's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2011 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Mar. 2011 )		(A: Mar. 2010 )		(A: Mar. 2011 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Mar. 2011 )		(A: Mar. 2010 )		(A: Mar. 2011 )
	=	-14.663	/	( (-8.069	+	-20.407 )	/ 2 )
	=	-14.663	/	-14.238
	=	N/A %

Glen Rose Petroleum's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2011 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Dec. 2011 )		(Q: Sep. 2011 )		(Q: Dec. 2011 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Dec. 2011 )		(Q: Sep. 2011 )		(Q: Dec. 2011 )
	=	3.636	/	( (-9.366	+	-8.301)	/ 2 )
	=	3.636	/	-8.8335
	=	Negative Tangible Equity %

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 (Dec. 2011) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Glen Rose Petroleum (GREY:GLRP) 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.

Glen Rose Petroleum Return-on-Tangible-Equity Related Terms

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