Energy Services of America CORP (ESOA) Return on Tangible Equity

Energy Services of America CORP Return Tang Equity

Return on tangible equity is the profit a company earns on the physical and financial capital its shareholders own, leaving out goodwill and other intangible assets, shown as a percentage. It is net income divided by tangible equity, which is shareholder equity minus goodwill and intangibles; the table shows both amounts. Because acquired goodwill is removed, it runs higher than ROE for companies that grew by acquisition, and it has no meaning when goodwill exceeds equity. Goodwill and intangibles are taken at the latest reported date on or before each equity date. Quarterly points divide the trailing four quarters of net income by the balance at that quarter end; annual points divide the filed fiscal-year net income by the fiscal-year-end balance.

• Energy Services of America CORP return tang equity for the quarter ending 2018-09-30 was 10.78%, a change of 12.61% year-over-year.
• Energy Services of America CORP return tang equity for the quarter ending 2018-06-30 was 4.01%, a 12.82% increase year-over-year.
• Energy Services of America CORP return tang equity for the quarter ending 2018-03-31 was -10.47%, a 166.31% decline year-over-year.
• Energy Services of America CORP return tang equity for the quarter ending 2017-12-31 was -6.97%, a 143.66% decline year-over-year.
• Energy Services of America CORP return tang equity for fiscal 2018 was 10.78%, a change of 12.61% from fiscal 2017.
• Energy Services of America CORP return tang equity for fiscal 2017 was -1.84%, a 112.75% decline from fiscal 2016.
• Energy Services of America CORP return tang equity for fiscal 2016 was 14.39%, a 38.09% increase from fiscal 2015.
• Energy Services of America CORP return tang equity for fiscal 2015 was 10.42%, a 48.06% decline from fiscal 2014.