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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. USD Partners LP's annualized net income for the quarter that ended in Sep. 2023 was $-11.22 Mil. USD Partners LP's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $-107.25 Mil. Therefore, USD Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was N/A%.
The historical rank and industry rank for USD Partners LP's Return-on-Tangible-Equity or its related term are showing as below:
During the past 11 years, USD Partners LP's highest Return-on-Tangible-Equity was 80.08%. The lowest was -2.31%. And the median was 38.89%.
The historical data trend for USD Partners LP'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.
USD Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | Negative Tangible Equity | - | Negative Tangible Equity | - |
USD Partners LP Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | - | - | Negative Tangible Equity | Negative Tangible Equity | - |
For the Railroads subindustry, USD Partners LP'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.
For the Transportation industry and Industrials sector, USD Partners LP's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where USD Partners LP's Return-on-Tangible-Equity falls into.
USD Partners LP's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | -61.286 | / | ( (-27.031 | + | -115.93 ) | / 2 ) | |
= | -61.286 | / | -71.4805 | ||||
= | N/A % |
USD Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Sep. 2023 ) | (Q: Jun. 2023 ) | (Q: Sep. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Sep. 2023 ) | (Q: Jun. 2023 ) | (Q: Sep. 2023 ) | |||||
= | -11.22 | / | ( (-105.557 | + | -108.933) | / 2 ) | |
= | -11.22 | / | -107.245 | ||||
= | N/A % |
* 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 (Sep. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
USD Partners LP (OTCPK:USDP) 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.
Thank you for viewing the detailed overview of USD Partners LP's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey P. Wood | director, other: SEE REMARKS | EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968 |
Keith Benson | officer: SEE REMARKS | C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002 |
Francesco Ciabatti | director, other: See Remarks. | 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078 |
Dan Borgen | director, officer: SEE REMARKS | 9500 NEW CENTURY, PASADENA TX 77507 |
Michael Ray Curry | director, other: SEE REMARKS | C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002 |
Energy Capital Partners Iii, Lp | 10 percent owner | 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078 |
Michael Jay Stanford | officer: Vice President, CAO | 811 MAIN ST., SUITE 2800, HOUSTON TX 77002 |
Energy Capital Partners Gp Iii, Lp | director, 10 percent owner | 40 BEECHWOOD ROAD, SUMMIT NJ 07901 |
G Stacy Smith | director, other: SEE REMARKS | 300 CRESCENT COURT SUITE 1111, DALLAS TX 75201 |
Ecp Controlco, Llc | director, 10 percent owner | 40 BEECHWOOD ROAD, SUMMIT NJ 07901 |
Joshua Dean Ruple | officer: SEE REMARKS | 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002 |
Schuyler Coppedge | director, other: SEE REMARKS | C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002 |
Paul Leray Tucker | officer: SEE REMARKS | C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002 |
Adam K Altsuler | officer: SEE REMARKS | C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002 |
Energy Capital Partners Iii-b (usd Ip), Lp | director, 10 percent owner | 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078 |
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