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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. Plains GP Holdings LP's annualized Net Income for the quarter that ended in Jun. 2024 was $156 Mil. Plains GP Holdings LP's average total tangible assets for the quarter that ended in Jun. 2024 was $26,855 Mil. Therefore, Plains GP Holdings LP's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 0.58%.
The historical rank and industry rank for Plains GP Holdings LP's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Plains GP Holdings LP's highest Return-on-Tangible-Asset was 1.42%. The lowest was -3.12%. And the median was 0.49%.
The historical data trend for Plains GP Holdings LP'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.
Plains GP Holdings LP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 1.32 | -2.19 | 0.23 | 0.61 | 0.74 |
Plains GP Holdings LP Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 0.73 | 0.44 | 0.77 | 0.63 | 0.58 |
For the Oil & Gas Midstream subindustry, Plains GP Holdings LP'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.
For the Oil & Gas industry and Energy sector, Plains GP Holdings LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Plains GP Holdings LP's Return-on-Tangible-Asset falls into.
Plains GP Holdings LP's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 198 | / | ( (27062 | + | 26722) | / 2 ) | |
= | 198 | / | 26892 | ||||
= | 0.74 % |
Plains GP Holdings LP's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | 156 | / | ( (26783 | + | 26926) | / 2 ) | |
= | 156 | / | 26854.5 | ||||
= | 0.58 % |
* 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 (Jun. 2024) net income data.
Plains GP Holdings LP (NAS:PAGP) 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.
Thank you for viewing the detailed overview of Plains GP Holdings LP's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Willie Cw Chiang | director, officer: Chairman & CEO | 370 17TH STREET, SUITE 2775, DENVER CO 80202 |
Jeremy L. Goebel | officer: EVP & CCO | 333 CLAY STREET, SUITE 1600, HOUSTON TX 77002 |
Ellen Desanctis | director | 12326 OLD OAKS, HOUSTON TX 77024 |
Kevin S Mccarthy | director | C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067 |
Gary R Petersen | director | 210 HEDWIG, HOUSTON TX 77019 |
Victor Burk | director | C/O ENERVEST MANAGEMENT PARTNERS LTD, 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002 |
Lawrence Michael Ziemba | director | 600 NORTH DAIRY ASHFORD, HOUSTON TX 77079 |
John T Raymond | director | THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002 |
Alexandra Pruner | director | 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380 |
Bobby S Shackouls | director | 5051 WESTHEIMER, STE 1400, HOUSTON TX 77056-5604 |
Chris Temple | director | 3953 MAPLE AVENUE, SUITE 180, DALLAS TX 75219 |
Emg Investment, Llc | director, See Remarks | 1401 MCKINNEY STREET, SUITE 1025, HOUSTON TX 77010 |
Robert V Sinnott | director | 1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067 |
Greg L Armstrong | director, 10 percent owner, officer: Chairman & CEO | |
Harry N Pefanis | officer: President & COO | 333 CLAY STREET, STE 1600, HOUSTON TX 77002 |
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