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SOCGP.PFD (Southern California Gas Co) Return-on-Tangible-Equity : 21.14% (As of Mar. 2025)


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What is Southern California Gas Co 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. Southern California Gas Co's annualized net income for the quarter that ended in Mar. 2025 was $1,772.00 Mil. Southern California Gas Co's average shareholder tangible equity for the quarter that ended in Mar. 2025 was $8,383.50 Mil. Therefore, Southern California Gas Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 was 21.14%.

The historical rank and industry rank for Southern California Gas Co's Return-on-Tangible-Equity or its related term are showing as below:

SOCGP.PFD's Return-on-Tangible-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 6.81
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Southern California Gas Co Return-on-Tangible-Equity Historical Data

The historical data trend for Southern California Gas Co'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.

Southern California Gas Co Return-on-Tangible-Equity Chart

Southern California Gas Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.21 -8.05 9.88 11.51 12.28

Southern California Gas Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.92 6.69 -0.71 23.93 21.14

Competitive Comparison of Southern California Gas Co's Return-on-Tangible-Equity

For the Oil & Gas Midstream subindustry, Southern California Gas Co'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.


Southern California Gas Co's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Southern California Gas Co's Return-on-Tangible-Equity falls into.


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Southern California Gas Co Return-on-Tangible-Equity Calculation

Southern California Gas Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=956/( (7410+8161 )/ 2 )
=956/7785.5
=12.28 %

Southern California Gas Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=1772/( (8161+8606)/ 2 )
=1772/8383.5
=21.14 %

* 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.


Southern California Gas Co  (OTCPK:SOCGP.PFD) 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.


Southern California Gas Co Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Southern California Gas Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Southern California Gas Co Business Description

Traded in Other Exchanges
Address
555 West Fifth Street, Los Angeles, CA, USA, 90013
Southern California Gas Co. is the renowned gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California.
Executives
Diana L Day director 488 8TH AVENUE, SAN DIEGO CA 92101
Karen L Sedgwick director 488 8TH AVENUE, SAN DIEGO CA 92101
Jeffery Lenord Walker officer: SVP-Chief Admin & Diversity Of 555 WEST 5TH STREET, LOS ANGELES CA 90013
Scott D. Drury director, officer: Chief Executive Officer 555 W 5TH STREET, LOS ANGELES CA 90013
Kevin C. Sagara director 488 8TH AVENUE, SAN DIEGO CA 92101
Mia Demontigny officer: VP, CFO, Controller & CAO 488 8TH AVENUE, SAN DIEGO CA 92101
Randall Lee Clark director 488 8TH AVENUE, SAN DIEGO CA 92101
Maryam S. Brown officer: President 555 W. 5TH STREET, LOS ANGELES CA 90013
Alexander Lisa Larroque director 488 8TH AVENUE, SAN DIEGO CA 92101
David Judson Barrett officer: VP and General Counsel 555 W 5TH STREET, LOS ANGELES CA 90013
Jimmie I Cho officer: Senior Vice President 555 W 5TH STREET, LOS ANGELES CA 90013
Patrick Kevin Chase officer: SVP, Chief Information Officer 488 8TH AVENUE, SAN DIEGO CA 92101
Gillian Wright officer: Chief HR and Admin Officer 555 W. 5TH STREET, LOS ANGELSS CA 90013
Hal D. Snyder officer: Chief HR and Admin Officer 555 WEST FIFTH STREET, LOS ANGELES CA 90013
Trevor I Mihalik director 101 ASH STREET, SAN DIEGO CA 92101

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