Asia Offshore Drilling (OSL:AOD) Return-on-Tangible-Equity : -3.98% (As of Mar. 2013)

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What is Asia Offshore Drilling 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. Asia Offshore Drilling's annualized net income for the quarter that ended in Mar. 2013 was kr-48.95 Mil. Asia Offshore Drilling's average shareholder tangible equity for the quarter that ended in Mar. 2013 was kr1,228.85 Mil. Therefore, Asia Offshore Drilling's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2013 was -3.98%.

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

OSL:AOD'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.

Asia Offshore Drilling Return-on-Tangible-Equity Historical Data

The historical data trend for Asia Offshore Drilling'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.

Asia Offshore Drilling Return-on-Tangible-Equity Chart

Asia Offshore Drilling Annual Data

Trend

Sep11

Dec12

Return-on-Tangible-Equity

-2.31

-1.05

Asia Offshore Drilling Quarterly Data
	Mar11	Jun11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Return-on-Tangible-Equity	Get a 7-Day Free Trial			-0.55	-0.34	-1.28	-2.56	-3.98

Competitive Comparison of Asia Offshore Drilling's Return-on-Tangible-Equity

For the Oil & Gas Equipment & Services subindustry, Asia Offshore Drilling'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.

Asia Offshore Drilling's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Asia Offshore Drilling's Return-on-Tangible-Equity falls into.

Asia Offshore Drilling Return-on-Tangible-Equity Calculation

Asia Offshore Drilling's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2012 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2012 )		(A: Sep. 2011 )		(A: Dec. 2012 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2012 )		(A: Sep. 2011 )		(A: Dec. 2012 )
	=	-9.897	/	( (945.601	+	931.798 )	/ 2 )
	=	-9.897	/	938.6995
	=	-1.05 %

Asia Offshore Drilling's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2013 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Mar. 2013 )		(Q: Dec. 2012 )		(Q: Mar. 2013 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Mar. 2013 )		(Q: Dec. 2012 )		(Q: Mar. 2013 )
	=	-48.952	/	( (931.798	+	1525.905)	/ 2 )
	=	-48.952	/	1228.8515
	=	-3.98 %

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 (Mar. 2013) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Asia Offshore Drilling (OSL:AOD) 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.

Asia Offshore Drilling Return-on-Tangible-Equity Related Terms

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