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. Imperial Oil's annualized net income for the quarter that ended in Dec. 2023 was $4,070 Mil. Imperial Oil's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $16,956 Mil. Therefore, Imperial Oil's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 24.00%.
The historical rank and industry rank for Imperial Oil's Return-on-Tangible-Equity or its related term are showing as below:
IMO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.19 Med: 9.31 Max: 33.5
Current: 21.28
During the past 13 years, Imperial Oil's highest Return-on-Tangible-Equity was 33.50%. The lowest was -8.19%. And the median was 9.31%.
IMO's Return-on-Tangible-Equity is ranked better than 72.74% of 1005
companies
in the Oil & Gas industry
Industry Median: 8.96
vs IMO: 21.28
Imperial Oil Return-on-Tangible-Equity Historical Data
The historical data trend for Imperial Oil'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 Imperial Oil's Return-on-Tangible-Equity
For the Oil & Gas Integrated subindustry, Imperial Oil'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.
Imperial Oil's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Imperial Oil's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Imperial Oil's Return-on-Tangible-Equity 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-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 (Dec. 2023) 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.
Imperial Oil Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Imperial Oil's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d. The Upstream segment operates to produce crude oil and its equivalent, and natural gas. The Downstream segment operates to refine crude oil into petroleum products. The Chemical segment manufactures hydrocarbon-based chemicals and chemical products.
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