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. Phillips 66's annualized net income for the quarter that ended in Mar. 2025 was $1,948 Mil. Phillips 66's average shareholder tangible equity for the quarter that ended in Mar. 2025 was $24,602 Mil. Therefore, Phillips 66's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 was 7.92%.
The historical rank and industry rank for Phillips 66's Return-on-Tangible-Equity or its related term are showing as below:
PSX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.21 Med: 19.09 Max: 50.06
Current: 7.17
During the past 13 years, Phillips 66's highest Return-on-Tangible-Equity was 50.06%. The lowest was -21.21%. And the median was 19.09%.
PSX's Return-on-Tangible-Equity is ranked better than 51.65% of 972
companies
in the Oil & Gas industry
Industry Median: 6.87
vs PSX: 7.17
Phillips 66 Return-on-Tangible-Equity Historical Data
The historical data trend for Phillips 66'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.
Competitive Comparison of Phillips 66's Return-on-Tangible-Equity
For the Oil & Gas Refining & Marketing subindustry, Phillips 66'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.
Phillips 66's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Phillips 66's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Phillips 66's Return-on-Tangible-Equity falls into.
* 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 (Mar. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Phillips 66 Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Phillips 66's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Phillips 66 is an independent refiner that owns or holds interest in 11 refineries with a total crude throughput capacity of 1.8 million barrels per day, or mmb/d, at the end of 2024. The midstream segment comprises extensive transportation and NGL processing assets. It includes 70,000 miles of crude oil, refined petroleum product, NGL and natural gas pipeline systems, and a comprehensive set of refined petroleum product, NGL and crude oil terminals, gathering and processing plants and fractionation facilities and various other storage and loading facilities. Its CPChem chemical joint venture operates facilities primarily in the United States and the Middle East and produces olefins and polyolefins.
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