GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sonde Resources Corp (AMEX:SOQDQ) » Definitions » Return-on-Tangible-Equity

Sonde Resources (Sonde Resources) Return-on-Tangible-Equity : -23.40% (As of Jun. 2014)


View and export this data going back to 1996. Start your Free Trial

What is Sonde Resources 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. Sonde Resources's annualized net income for the quarter that ended in Jun. 2014 was $-16.22 Mil. Sonde Resources's average shareholder tangible equity for the quarter that ended in Jun. 2014 was $69.30 Mil. Therefore, Sonde Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2014 was -23.40%.

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

SOQDQ's Return-on-Tangible-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 8.08
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Sonde Resources Return-on-Tangible-Equity Historical Data

The historical data trend for Sonde Resources'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.

Sonde Resources Return-on-Tangible-Equity Chart

Sonde Resources Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -26.01 -56.76 -28.20 15.83 -44.61

Sonde Resources Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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 -13.54 -12.66 -141.46 -27.72 -23.40

Competitive Comparison of Sonde Resources's Return-on-Tangible-Equity

For the Oil & Gas E&P subindustry, Sonde Resources'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.


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

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

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



Sonde Resources Return-on-Tangible-Equity Calculation

Sonde Resources's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2013 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=-50.827/( (150.121+77.747 )/ 2 )
=-50.827/113.934
=-44.61 %

Sonde Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2014 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2014 )  (Q: Mar. 2014 )(Q: Jun. 2014 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2014 )  (Q: Mar. 2014 )(Q: Jun. 2014 )
=-16.216/( (71.482+67.108)/ 2 )
=-16.216/69.295
=-23.40 %

* 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 (Jun. 2014) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Sonde Resources  (AMEX:SOQDQ) 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.


Sonde Resources Return-on-Tangible-Equity Related Terms

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


Sonde Resources (Sonde Resources) Business Description

Traded in Other Exchanges
N/A
Address
North Hill NW, P.O. Box 65161, Calgary, AB, CAN, T2N 4T6
Sonde Resources Corp is a Canada-based oil and gas exploration and production company. The company is engaged in the exploration for, and acquisition, development, and production of, petroleum and natural gas with operations in North Africa and Western Canada. Sonde is actively engaged in exploration and development of oil and gas resources throughout the Joint Oil Block in offshore Tunisia and Libya.

Sonde Resources (Sonde Resources) Headlines

No Headlines