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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. SunCoke Energy Partners LP's annualized Net Income for the quarter that ended in Mar. 2019 was $18.0 Mil. SunCoke Energy Partners LP's average Total Assets over the quarter that ended in Mar. 2019 was $1,626.5 Mil. Therefore, SunCoke Energy Partners LP's annualized ROA % for the quarter that ended in Mar. 2019 was 1.11%.
The historical rank and industry rank for SunCoke Energy Partners LP's ROA % or its related term are showing as below:
The historical data trend for SunCoke Energy 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.
SunCoke Energy Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | |||||||||||
ROA % | Get a 7-Day Free Trial | 4.58 | 5.36 | 6.87 | -1.08 | 3.53 |
SunCoke Energy Partners LP Quarterly Data | ||||||||||||||||||||
Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | |
ROA % | Get a 7-Day Free Trial | 2.95 | 4.52 | 3.70 | 2.74 | 1.11 |
For the Coking Coal subindustry, SunCoke Energy 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 Steel industry and Basic Materials sector, SunCoke Energy Partners LP's ROA % distribution charts can be found below:
* The bar in red indicates where SunCoke Energy Partners LP's ROA % falls into.
SunCoke Energy Partners LP's annualized ROA % for the fiscal year that ended in Dec. 2018 is calculated as:
ROA % | = | Net Income (A: Dec. 2018 ) | / | ( (Total Assets (A: Dec. 2017 ) | + | Total Assets (A: Dec. 2018 )) | / count ) |
= | 57.5 | / | ( (1641.4 | + | 1619.1) | / 2 ) | |
= | 57.5 | / | 1630.25 | ||||
= | 3.53 % |
SunCoke Energy Partners LP's annualized ROA % for the quarter that ended in Mar. 2019 is calculated as:
ROA % | = | Net Income (Q: Mar. 2019 ) | / | ( (Total Assets (Q: Dec. 2018 ) | + | Total Assets (Q: Mar. 2019 )) | / count ) |
= | 18 | / | ( (1619.1 | + | 1633.8) | / 2 ) | |
= | 18 | / | 1626.45 | ||||
= | 1.11 % |
* 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 (Mar. 2019) net income data. ROA % is displayed in the 30-year financial page.
SunCoke Energy Partners LP (NYSE:SXCP) 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: Mar. 2019 ) | ||
= | Net Income | / | Total Assets |
= | 18 | / | 1626.45 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (18 / 921.6) | * | (921.6 / 1626.45) |
= | Net Margin % | * | Asset Turnover |
= | 1.95 % | * | 0.5666 |
= | 1.11 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2019) net income data. The Revenue data used here is four times the quarterly (Mar. 2019) 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 SunCoke Energy Partners LP's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Alvin Bledsoe | director | 801 CHERRY STREET, SUITE 3400, UNIT 20, FORT WORTH TX 76102 |
Martha Z. Carnes | director | 6316 WINDFERN ROAD, HOUSTON TX 77040 |
Phillip Michael Hardesty | director, officer: Senior Vice President | SUNCOKE ENERGY, INC., 1011 WARRENVILLE ROAD, STE 600, LISLE IL 60532 |
Allison S Lausas | officer: Vice President & Controller | C/O SUNCOKE ENERGY, INC., 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532 |
Somerhalder John W Ii | director | 76 SOUTH MAIN STREET, AKRON OH 44308 |
Michael G Rippey | director, officer: Chairman, President & CEO | C/O OLYMPIC STEEL, INC., 22901 MILLCREEK BLVD., HIGHLAND HILLS OH 44122 |
C. Scott Hobbs | director | FIVE TEK PARK, 9999 HAMILTON BOULEVARD, BREINIGSVILLE PA 18031 |
Nancy M Snyder | director | FOUR RADNOR CORPORATE CENTER, STE 200, RADNOR PA 19087 |
Gary P Yeaw | officer: Senior Vice President | 1011 WARRENVILLE ROAD, STE 600, LISLE IL 60532 |
Katherine T Gates | director, officer: Sr VP & General Counsel | 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532 |
Frederick A. Henderson | director, officer: Chairman and CEO | SUNCOKE ENERGY, INC., 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532 |
Mark Newman | director, officer: Senior VP and CFO | 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532 |
Michael J Thomson | director, officer: President and COO | SUNCOKE ENERGY, INC., 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532 |
Denise R Singleton | director, officer: See Remarks. | 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062 |
Fay West | officer: Vice President and Controller | 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532 |
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