NKA has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NKA has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Niska Gas Storage Partners LLC's annualized net income for the quarter that ended in Mar. 2016 was $-99.47 Mil. Niska Gas Storage Partners LLC's average Total Stockholders Equity over the quarter that ended in Mar. 2016 was $93.11 Mil. Therefore, Niska Gas Storage Partners LLC's annualized ROE % for the quarter that ended in Mar. 2016 was -106.83%.
The historical rank and industry rank for Niska Gas Storage Partners LLC's ROE % or its related term are showing as below:
The historical data trend for Niska Gas Storage Partners LLC's ROE % 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.
Niska Gas Storage Partners LLC Annual Data | |||||||||||||||||||
Trend | Mar08 | Mar09 | Mar10 | Mar11 | Mar12 | Mar13 | Mar14 | Mar15 | Mar16 | ||||||||||
ROE % | Get a 7-Day Free Trial | -20.63 | -6.77 | -1.56 | -94.80 | -76.20 |
Niska Gas Storage Partners LLC Quarterly Data | ||||||||||||||||||||
Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | |
ROE % | Get a 7-Day Free Trial | -82.04 | -87.85 | -56.05 | -71.21 | -106.83 |
For the Oil & Gas Midstream subindustry, Niska Gas Storage Partners LLC's ROE %, along with its competitors' market caps and ROE % 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, Niska Gas Storage Partners LLC's ROE % distribution charts can be found below:
* The bar in red indicates where Niska Gas Storage Partners LLC's ROE % falls into.
Niska Gas Storage Partners LLC's annualized ROE % for the fiscal year that ended in Mar. 2016 is calculated as
ROE % | = | Net Income (A: Mar. 2016 ) | / | ( (Total Stockholders Equity (A: Mar. 2015 ) | + | Total Stockholders Equity (A: Mar. 2016 )) | / count ) |
= | -101.47 | / | ( (185.671 | + | 80.639) | / 2 ) | |
= | -101.47 | / | 133.155 | ||||
= | -76.20 % |
Niska Gas Storage Partners LLC's annualized ROE % for the quarter that ended in Mar. 2016 is calculated as
ROE % | = | Net Income (Q: Mar. 2016 ) | / | ( (Total Stockholders Equity (Q: Dec. 2015 ) | + | Total Stockholders Equity (Q: Mar. 2016 )) | / count ) |
= | -99.468 | / | ( (105.582 | + | 80.639) | / 2 ) | |
= | -99.468 | / | 93.1105 | ||||
= | -106.83 % |
* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2016) net income data. ROE % is displayed in the 30-year financial page.
Niska Gas Storage Partners LLC (NYSE:NKA) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
ROE % | (Q: Mar. 2016 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -99.468 | / | 93.1105 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-99.468 / 36.576) | * | (36.576 / 1008.866) | * | (1008.866 / 93.1105) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -271.95 % | * | 0.0363 | * | 10.8351 |
= | ROA % | * | Equity Multiplier | ||
= | -9.87 % | * | 10.8351 | ||
= | -106.83 % |
With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.
The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:
ROE % | (Q: Mar. 2016 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | -99.468 | / | 93.1105 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-99.468 / -119.352) | * | (-119.352 / -68.756) | * | (-68.756 / 36.576) | * | (36.576 / 1008.866) | * | (1008.866 / 93.1105) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.8334 | * | 1.7359 | * | -187.98 % | * | 0.0363 | * | 10.8351 |
= | -106.83 % |
Note: The net income data used here is four times the quarterly (Mar. 2016) net income data. The Revenue data used here is four times the quarterly (Mar. 2016) revenue data. The same rule applies to Pre-Tax Income and Operating Income. * In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Thank you for viewing the detailed overview of Niska Gas Storage Partners LLC's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael J Hennigan | director | 3807 WEST CHESTER PIKE, NEWTOWN SQUARE PA 19073 |
James G Jackson | director | 515 SOUTH FLOWER STREET, SUITE 4800, LOS ANGELES CA 90071 |
Ralph Alexander | director | 1000 LOUISIANA, SUITE 1450, HOUSTON TX 77002 |
Shea William H Jr | director, officer: President & CEO | C/O NISKA GAS STORAGE PARTNERS LLC, 170 RADNOR CHESTER ROAD, SUITE 150, RADNOR PA 19087 |
Davis Bruce D Jr | officer: VP & Chief Administrative Offi | 400, 607 8TH AVENUE S.W., CALGARY A0 T2P 0A7 |
Deborah M Fretz | director | 1801 MARKET STREET, PHILADELPHIA PA 19103 |
Carlyle/riverstone Energy Partners Iii, L.p. | director, 10 percent owner | 712 FIFTH AVENUE, 51ST FLOOR, NEW YORK NY 10019 |
C/r Energy Gp Iii, Llc | director, 10 percent owner | 712 FIFTH AVENUE, 51ST FLOOR, NEW YORK NY 10019 |
Carlyle Group Inc. | 10 percent owner | C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004 |
Carlyle Group Management L.l.c. | 10 percent owner | C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505 |
Carlyle Holdings I Gp Inc. | 10 percent owner | C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505 |
Carlyle Holdings I Gp Sub L.l.c. | 10 percent owner | C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505 |
Carlyle Holdings I L.p. | 10 percent owner | C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505 |
Tc Group Sub L.p. | 10 percent owner | C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505 |
George A Obrien | director | C/O INTERNATIONAL PAPER, 400 ATLANTIC STREET, STAMFORD CT 06921 |
No Headlines
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.