Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. USD Partners LP's annualizedNet Income for the quarter that ended in Sep. 2023 was $-11.22 Mil. USD Partners LP's average total tangible assets for the quarter that ended in Sep. 2023 was $105.37 Mil. Therefore, USD Partners LP's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -10.65%.
The historical rank and industry rank for USD Partners LP's Return-on-Tangible-Asset or its related term are showing as below:
USDP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -38.14 Med: 9.41 Max: 15.47
Current: 0.5
During the past 11 years, USD Partners LP's highest Return-on-Tangible-Asset was 15.47%. The lowest was -38.14%. And the median was 9.41%.
USDP's Return-on-Tangible-Asset is ranked worse than 78.66% of 970
companies
in the Transportation industry
Industry Median: 4.045
vs USDP: 0.50
USD Partners LP Return-on-Tangible-Asset Historical Data
The historical data trend for USD Partners LP's Return-on-Tangible-Asset 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 USD Partners LP's Return-on-Tangible-Asset
For the Railroads subindustry, USD Partners LP's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
USD Partners LP's Return-on-Tangible-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, USD Partners LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where USD Partners LP's Return-on-Tangible-Asset 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Sep. 2023) net income data.
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
USD Partners LP Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of USD Partners LP's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
USD Partners LP (USD Partners LP) Business Description
USD Partners LP is formed to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The company's network of crude oil terminals facilitates the transportation of heavy crude oil from Western Canada to key demand centers across North America. The company's operations include railcar loading and unloading, storage and blending in onsite tanks, inbound and outbound pipeline connectivity, truck transloading, and other related logistics services. The company also provides one of the customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons by rail. The company manages its business in two reportable segments: Terminalling services and Fleet services.
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