What is South Jersey Industries Return-on-Tangible-Asset?
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. South Jersey Industries's annualizedNet Income for the quarter that ended in Sep. 2022 was $-152 Mil. South Jersey Industries's average total tangible assets for the quarter that ended in Sep. 2022 was $7,082 Mil. Therefore, South Jersey Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 was -2.15%.
The historical rank and industry rank for South Jersey Industries's Return-on-Tangible-Asset or its related term are showing as below:
SJI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.11 Med: 2.82 Max: 3.96
Current: 2.29
During the past 13 years, South Jersey Industries's highest Return-on-Tangible-Asset was 3.96%. The lowest was -0.11%. And the median was 2.82%.
SJI's Return-on-Tangible-Asset is not ranked
in the Utilities - Regulated industry.
Industry Median: 3.24
vs SJI: 2.29
South Jersey Industries Return-on-Tangible-Asset Historical Data
The historical data trend for South Jersey Industries'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.
* Premium members only.
South Jersey Industries Return-on-Tangible-Asset Chart
Competitive Comparison of South Jersey Industries's Return-on-Tangible-Asset
For the Utilities - Diversified subindustry, South Jersey Industries'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.
South Jersey Industries's Return-on-Tangible-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, South Jersey Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where South Jersey Industries's Return-on-Tangible-Asset falls into.
South Jersey Industries Return-on-Tangible-Asset Calculation
South Jersey Industries's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 is calculated as:
* 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. 2022) net income data.
South Jersey Industries (NYSE:SJI) Return-on-Tangible-Asset Explanation
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.
South Jersey Industries Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of South Jersey Industries's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
South Jersey Industries (South Jersey Industries) Business Description
South Jersey Industries Inc is a New Jersey holding company that acquires and develops utility companies. Through its many subsidiaries, SJI is primarily involved in transmitting, distributing, and selling natural gas and electricity in the mid-Atlantic U.S. The company segments its operations into gas utility operations and energy group businesses. The majority of SJI's total revenue comes from its gas utility operations, which encompasses the company's principal subsidiary: South Jersey Gas. SJG purchases, transmit, and sells natural gas primarily for residential consumers in southern New Jersey. The energy group also represents a significant income stream through its wholesale energy and retail electric services.
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