Tc Energy Corp Stock Return On Asset

TRP Stock  CAD 54.44  0.64  1.19%   
TC Energy Corp fundamentals help investors to digest information that contributes to TC Energy's financial success or failures. It also enables traders to predict the movement of TRP Stock. The fundamental analysis module provides a way to measure TC Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to TC Energy stock.
As of the 28th of March 2024, Return On Assets is likely to grow to 0.03.
  
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TRP Return On Asset Analysis

TC Energy's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
 2021 2022 2023 2024 (projected)
Operating Income7.2B7.3B6.9B5.4B
Total Revenue13.4B15.0B15.9B9.8B

Return On Asset

 = 

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current TC Energy Return On Asset

    
  0.0356  
Most of TC Energy's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, TC Energy Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

TRP Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for TC Energy is extremely important. It helps to project a fair market value of TRP Stock properly, considering its historical fundamentals such as Return On Asset. Since TC Energy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of TC Energy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of TC Energy's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition

TRP Total Assets

Total Assets

64.59 Billion

At this time, TC Energy's Total Assets are very stable compared to the past year.
Based on the latest financial disclosure, TC Energy Corp has a Return On Asset of 0.0356. This is 11.0% lower than that of the Oil, Gas & Consumable Fuels sector and 97.03% lower than that of the Energy industry. The return on asset for all Canada stocks is 125.43% lower than that of the firm.

TRP Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TC Energy's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of TC Energy could also be used in its relative valuation, which is a method of valuing TC Energy by comparing valuation metrics of similar companies.
TC Energy is currently under evaluation in return on asset category among related companies.

TC Energy ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, TC Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to TC Energy's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

TRP Fundamentals

About TC Energy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze TC Energy Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TC Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TC Energy Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Return On Assets 0.02  0.03 

Currently Active Assets on Macroaxis

When determining whether TC Energy Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if TRP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Tc Energy Corp Stock. Highlighted below are key reports to facilitate an investment decision about Tc Energy Corp Stock:
Check out TC Energy Piotroski F Score and TC Energy Altman Z Score analysis.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running TC Energy's price analysis, check to measure TC Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TC Energy is operating at the current time. Most of TC Energy's value examination focuses on studying past and present price action to predict the probability of TC Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TC Energy's price. Additionally, you may evaluate how the addition of TC Energy to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between TC Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if TC Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TC Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.