Justiss Oil (Justiss Oil) Return-on-Tangible-Equity : 0.00% (As of . 20)

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What is Justiss Oil 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. Justiss Oil's annualized net income for the quarter that ended in . 20 was $ Mil. Justiss Oil's average shareholder tangible equity for the quarter that ended in . 20 was $ Mil. Therefore, Justiss Oil's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 was %.

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

JSTS's Return-on-Tangible-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 8.09
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Justiss Oil Return-on-Tangible-Equity Historical Data

The historical data trend for Justiss Oil'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.

Justiss Oil Return-on-Tangible-Equity Chart

Justiss Oil Annual Data

Trend

Return-on-Tangible-Equity

Justiss Oil Quarterly Data

Return-on-Tangible-Equity

Competitive Comparison of Justiss Oil's Return-on-Tangible-Equity

For the Oil & Gas Drilling subindustry, Justiss Oil'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.

Justiss Oil's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Justiss Oil's Return-on-Tangible-Equity falls into.

Justiss Oil Return-on-Tangible-Equity Calculation

Justiss Oil's annualized Return-on-Tangible-Equity for the fiscal year that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

Justiss Oil's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

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

Justiss Oil (OTCPK:JSTS) 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.

Justiss Oil Return-on-Tangible-Equity Related Terms

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Justiss Oil (Justiss Oil) Business Description

Industry

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Traded in Other Exchanges

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Address

1120 East Oak Street, P.O. Box 2990, Jena, LA, USA, 71342

Website

http://www.justissoil.com

Justiss Oil Inc provides contract drilling, production, consulting, exploration, well and lease service and general oilfield services across the southern gulf coast from Texas to Alabama.

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