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. Seapeak LLC's annualized net income for the quarter that ended in Mar. 2024 was $327.94 Mil. Seapeak LLC's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $2,457.84 Mil. Therefore, Seapeak LLC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 13.34%.
The historical rank and industry rank for Seapeak LLC's Return-on-Tangible-Equity or its related term are showing as below:
SEALpA.PFD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.15 Med: 9.07 Max: 15.12
Current: 12.58
During the past 13 years, Seapeak LLC's highest Return-on-Tangible-Equity was 15.12%. The lowest was 0.15%. And the median was 9.07%.
SEALpA.PFD's Return-on-Tangible-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 8.05
vs SEALpA.PFD: 12.58
Seapeak LLC Return-on-Tangible-Equity Historical Data
The historical data trend for Seapeak LLC'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 Seapeak LLC's Return-on-Tangible-Equity
For the Oil & Gas Midstream subindustry, Seapeak LLC'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.
Seapeak LLC's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Seapeak LLC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Seapeak LLC's Return-on-Tangible-Equity falls into.
Seapeak LLC Return-on-Tangible-Equity Calculation
Seapeak LLC's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 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 (Mar. 2024) 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.
Seapeak LLC Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Seapeak LLC's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Seapeak LLC is a provider of marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil. The company operates into two segments namely: the LNG segment and the NGL segment. The Company has renamed its LPG segment as the NGL segment. LNG segment consists of LNG carriers which generally operate under long-term, fixed-rate charters to international energy companies. NGL segment consists of LPG, Ethane and multi-gas carriers which generally operate under voyage charters or time charters. It derives maximum revenue from the LNG segment. The majority of these services are provided through either a time charter, voyage charter, and bareboat charter contract.
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