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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Williams Partners LP's annualized Net Income for the quarter that ended in Jun. 2018 was $1,672 Mil. Williams Partners LP's average Total Assets over the quarter that ended in Jun. 2018 was $46,257 Mil. Therefore, Williams Partners LP's annualized ROA % for the quarter that ended in Jun. 2018 was 3.61%.
The historical rank and industry rank for Williams Partners LP's ROA % or its related term are showing as below:
During the past 11 years, Williams Partners LP's highest ROA % was 30.83%. The lowest was -2.98%. And the median was 3.82%.
The historical data trend for Williams Partners LP's ROA % 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.
Williams Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
ROA % | Get a 7-Day Free Trial | 30.83 | 4.16 | -2.98 | 0.92 | 1.89 |
Williams Partners LP Quarterly Data | ||||||||||||||||||||
Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | |
ROA % | Get a 7-Day Free Trial | 2.64 | 2.21 | -2.99 | 3.11 | 3.61 |
For the Oil & Gas Midstream subindustry, Williams Partners LP's ROA %, along with its competitors' market caps and ROA % 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, Williams Partners LP's ROA % distribution charts can be found below:
* The bar in red indicates where Williams Partners LP's ROA % falls into.
Williams Partners LP's annualized ROA % for the fiscal year that ended in Dec. 2017 is calculated as:
ROA % | = | Net Income (A: Dec. 2017 ) | / | ( (Total Assets (A: Dec. 2016 ) | + | Total Assets (A: Dec. 2017 )) | / count ) |
= | 871 | / | ( (46265 | + | 45903) | / 2 ) | |
= | 871 | / | 46084 | ||||
= | 1.89 % |
Williams Partners LP's annualized ROA % for the quarter that ended in Jun. 2018 is calculated as:
ROA % | = | Net Income (Q: Jun. 2018 ) | / | ( (Total Assets (Q: Mar. 2018 ) | + | Total Assets (Q: Jun. 2018 )) | / count ) |
= | 1672 | / | ( (46575 | + | 45938) | / 2 ) | |
= | 1672 | / | 46256.5 | ||||
= | 3.61 % |
* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2018) net income data. ROA % is displayed in the 30-year financial page.
Williams Partners LP (NYSE:ACMP) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
ROA % | (Q: Jun. 2018 ) | ||
= | Net Income | / | Total Assets |
= | 1672 | / | 46256.5 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (1672 / 8344) | * | (8344 / 46256.5) |
= | Net Margin % | * | Asset Turnover |
= | 20.04 % | * | 0.1804 |
= | 3.61 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2018) net income data. The Revenue data used here is four times the quarterly (Jun. 2018) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Thank you for viewing the detailed overview of Williams Partners LP's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Philip L Frederickson | director | 1111 BAGBY, SUITE 1600, HOUSTON TX 77002 |
Ted T Timmermans | officer: VP, Controller, CAO | ONE WILLIAMS CENTER, TULSA OK 74172 |
John E Poarch | officer: SVP - Engineering Services | ONE WILLIAMS CENTER, TULSA OK 74172 |
Walter J Bennett | officer: Senior Vice President | 525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105 |
Micheal G. Dunn | director, officer: Executive Vice President & COO | 333 SOUTH STATE STREET, 333 SOUTH STATE STREET UT 84145-0433 |
Alan S Armstrong | director, officer: Chief Executive Officer | ONE WILLIAMS CENTER, TULSA OK 74102 |
Alice M Peterson | director | 3333 BEVERLY RD B5-153A, HOFFMAN ESTTES IL 60179 |
John D Seldenrust | officer: Senior Vice President - E&C | 525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105 |
John D Chandler | officer: Sr. Vice President & CFO | ONE WILLIAMS CENTER, MD 4700, TULSA OK 74172 |
Chad J. Zamarin | officer: Senior Vice President | ONE WILLIAMS CENTER, TULSA OK 74172 |
Frank J Ferazzi | officer: Senior Vice President | 2800 POST OAK BLVD, HOUSTON TX 77251 |
Terrance Lane Wilson | officer: SVP & General Counsel | ONE WILLIAMS CENTER, TULSA OK 74172 |
Robert S Purgason | director, officer: Senior Vice President | 2818 S. VICTOR AVENUE, TULSA OK 74114 |
Sarah C. Miller | officer: Interim SVP & General Counsel | ONE WILLIAMS CENTER, TULSA OK 74172 |
Craig L Rainey | officer: General Counsel | ONE WILLIAMS CENTER, TULSA OK 74172 |
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