The historical rank and industry rank for ElectroMagnetic GeoServices ASA's Return-on-Tangible-Asset or its related term are showing as below:
OSL:EMGS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -56.2 Med: -25.89 Max: 29.84
Current: -41.87
During the past 13 years, ElectroMagnetic GeoServices ASA's highest Return-on-Tangible-Asset was 29.84%. The lowest was -56.20%. And the median was -25.89%.
OSL:EMGS's Return-on-Tangible-Asset is ranked worse than 91.83% of 1090
companies
in the Oil & Gas industry
Industry Median: 2.575
vs OSL:EMGS: -41.87
ElectroMagnetic GeoServices ASA Return-on-Tangible-Asset Historical Data
* 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 ElectroMagnetic GeoServices ASA's Return-on-Tangible-Asset
For the Oil & Gas Equipment & Services subindustry, ElectroMagnetic GeoServices ASA'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.
ElectroMagnetic GeoServices ASA's Return-on-Tangible-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ElectroMagnetic GeoServices ASA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ElectroMagnetic GeoServices ASA'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 (Mar. 2024) 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.
ElectroMagnetic GeoServices ASA Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of ElectroMagnetic GeoServices ASA's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
ElectroMagnetic GeoServices ASA (OSL:EMGS) Business Description
ElectroMagnetic GeoServices ASA is a company engaged in offering electromagnetic services. It principally uses electromagnetic survey method to find hydrocarbons in offshore reservoirs. The firm is focused on planning, acquisition, processing, modelling, interpretation, and integration of electromagnetic data. The oil and gas companies, along with other customers of the group, use electromagnetic services to evaluate whether an offshore acreage is viable for commercial production of hydrocarbons. The business operations of the group are carried in Europe, the Middle East and Africa, North and South America, Asia and the Pacific Ocean. It generates revenue from the Contract sales and Multi-client sales.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OSL:EMGS has been successfully added to your 