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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. Ranger Oil's annualized net income for the quarter that ended in Mar. 2023 was $208 Mil. Ranger Oil's average shareholder tangible equity for the quarter that ended in Mar. 2023 was $508 Mil. Therefore, Ranger Oil's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 was 40.93%.
The historical rank and industry rank for Ranger Oil's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Ranger Oil's highest Return-on-Tangible-Equity was 67.20%. The lowest was -84.67%. And the median was 14.79%.
The historical data trend for Ranger 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.
Ranger Oil Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 67.20 | 14.58 | -84.67 | 15.00 | 53.89 |
Ranger Oil Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -12.53 | 83.44 | 104.30 | 43.20 | 40.93 |
For the Oil & Gas E&P subindustry, Ranger 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.
For the Oil & Gas industry and Energy sector, Ranger Oil's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ranger Oil's Return-on-Tangible-Equity falls into.
Ranger Oil'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 ) | |||||
= | 217.693 | / | ( (323.532 | + | 484.399 ) | / 2 ) | |
= | 217.693 | / | 403.9655 | ||||
= | 53.89 % |
Ranger Oil's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2023 ) | (Q: Dec. 2022 ) | (Q: Mar. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2023 ) | (Q: Dec. 2022 ) | (Q: Mar. 2023 ) | |||||
= | 207.996 | / | ( (484.399 | + | 531.838) | / 2 ) | |
= | 207.996 | / | 508.1185 | ||||
= | 40.93 % |
* 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. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Ranger Oil (NAS:ROCC) 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 Ranger Oil's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard Alan Burnett | director | 12377 MERIT DRIVE, SUITE 1700, DALLAS TX 75251 |
Garrett Chunn | director | 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019 |
Kayla Baird | officer: VP, CAO and Controller | 16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084 |
Edward Geiser | director, 10 percent owner | 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019 |
Joshua Schmidt | director | 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019 |
Kevin Cumming | director | 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019 |
Juniper Capital Iii Gp, L.p. | 10 percent owner | 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019 |
Juniper Capital Ii Gp, L.p. | 10 percent owner | 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019 |
Temitope Ogunyomi | director | 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019 |
Tim W Gray | director | 2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019 |
Julia Gwaltney | officer: Sr. Vice President-Development | 16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084 |
Darrin J. Henke | director, officer: President and CEO | 16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084 |
Mangrove Partners Master Fund, Ltd. | 10 percent owner | 645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022 |
Victor Frank Pottow | director | 16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084 |
Darin G Holderness | director | 14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079 |
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