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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. ProFrac Holding's annualized net income for the quarter that ended in Mar. 2024 was $7 Mil. ProFrac Holding's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $709 Mil. Therefore, ProFrac Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 1.02%.
The historical rank and industry rank for ProFrac Holding's Return-on-Tangible-Equity or its related term are showing as below:
During the past 4 years, ProFrac Holding's highest Return-on-Tangible-Equity was -1.24%. The lowest was -23.38%. And the median was -1.24%.
The historical data trend for ProFrac Holding'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.
ProFrac Holding Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Return-on-Tangible-Equity | -1.24 | - | Negative Tangible Equity | - |
ProFrac Holding Quarterly Data | ||||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | -6.47 | -12.97 | -50.70 | 1.02 |
For the Oil & Gas Equipment & Services subindustry, ProFrac Holding'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 Oil & Gas industry and Energy sector, ProFrac Holding's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ProFrac Holding's Return-on-Tangible-Equity falls into.
ProFrac Holding's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -97.7 | / | ( (-1628 | + | 711.8 ) | / 2 ) | |
= | -97.7 | / | -458.1 | ||||
= | N/A % |
ProFrac Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 7.2 | / | ( (711.8 | + | 706.6) | / 2 ) | |
= | 7.2 | / | 709.2 | ||||
= | 1.02 % |
* 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 (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
ProFrac Holding (NAS:ACDC) 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 ProFrac Holding's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Thrc Holdings, Lp | director, 10 percent owner, other: Director by Deputization | 17018 INTERSTATE 20, CISCO TX 76437 |
Farris Wilks | director, 10 percent owner, other: Director by Deputization | 17018 INTERSTATE 20, CISCO TX 76437 |
Heather N Klein | officer: Chief Administrative Officer | C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087 |
Robert J Willette | officer: Chief Legal Officer, Secretary | 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087 |
Matthew Wilks | director, officer: See Remarks | 17010 IH-20, CISCO TX 76437 |
Johnathan Ladd Wilks | officer: Chief Executive Officer | 17010 INTERSTATE 20, CISCO TX 76437 |
Phillip Blaine Wilbanks | officer: Chief Operating Officer | 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087 |
Matthew A Greenwood | officer: Chief Commercial Officer | C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087 |
Sergei Krylov | director | 6500 WEST FREEWAY, SUITE 800, FORT WORTH TX 76116 |
Stacy Durbin Nieuwoudt | director | 20475 SH 249, SUITE 300, HOUSTON TX 77070 |
Gerald W Haddock | director | C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057 |
Theresa Glebocki | director | C/O TROPICANA ENTERTAINMENT INC., 8345 W. SUNSET ROAD, SUITE 200, LAS VEGAS NV 89113 |
Jo Ann Wilks | director, 10 percent owner, other: Director by Deputization | 17018 IH-20, CISCO TX 76437 |
Farris & Jo Ann Wilks 2022 Family Trust | director, 10 percent owner, other: Director by Deputization | 17018 IH-20, CISCO TX 76437 |
Randle James Coy Jr | officer: Chief Operating Officer | PO BOX 1966, PALESTINE TX 75802 |
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