Niska Gas Storage Partners LLC (Niska Gas Storage Partners LLC) ROIC % : -5.63% (As of Mar. 2016)

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What is Niska Gas Storage Partners LLC ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Niska Gas Storage Partners LLC's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2016 was -5.63%.

As of today (2024-04-27), Niska Gas Storage Partners LLC's WACC % is 0.00%. Niska Gas Storage Partners LLC's ROIC % is 0.00% (calculated using TTM income statement data). Niska Gas Storage Partners LLC earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Niska Gas Storage Partners LLC ROIC % Historical Data

The historical data trend for Niska Gas Storage Partners LLC's ROIC % 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.

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Niska Gas Storage Partners LLC ROIC % Chart

Niska Gas Storage Partners LLC Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

ROIC %

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-5.07

0.83

2.79

-6.15

-5.24

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
ROIC %	Get a 7-Day Free Trial															-10.15	-8.33	-3.55	-3.72	-5.63

Competitive Comparison of Niska Gas Storage Partners LLC's ROIC %

For the Oil & Gas Midstream subindustry, Niska Gas Storage Partners LLC's ROIC %, along with its competitors' market caps and ROIC % 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.

Niska Gas Storage Partners LLC's ROIC % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Niska Gas Storage Partners LLC's ROIC % distribution charts can be found below:

* The bar in red indicates where Niska Gas Storage Partners LLC's ROIC % falls into.

Niska Gas Storage Partners LLC ROIC % Calculation

Niska Gas Storage Partners LLC's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Mar. 2016 is calculated as:

	ROIC % (A: Mar. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Mar. 2015 )	+	Invested Capital (A: Mar. 2016 ))	/ count )
=	-62.889 * ( 1 - 10.23% )	/	( (1136.956	+	1019.456)	/ 2 )
=	-56.4554553	/	1078.206
=	-5.24 %

where

	Invested Capital		(A: Mar. 2015 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1160.959	-	48.571	-	( 11.699	-	max(0, 277.973	-	253.405	+	11.699	))
=	1136.956

	Invested Capital		(A: Mar. 2016 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	991.897	-	51.907	-	( 10.246	-	max(0, 233.131	-	153.665	+	10.246	))
=	1019.456

Niska Gas Storage Partners LLC's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2016 is calculated as:

	ROIC % (Q: Mar. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2015 )	+	Invested Capital (Q: Mar. 2016 ))	/ count )
=	-68.756 * ( 1 - 15.13% )	/	( (1052.032	+	1019.456)	/ 2 )
=	-58.3532172	/	1035.744
=	-5.63 %

where

	Invested Capital		(Q: Dec. 2015 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1025.835	-	42.278	-	( 6.049	-	max(0, 235.434	-	166.959	+	6.049	))
=	1052.032

	Invested Capital		(Q: Mar. 2016 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	991.897	-	51.907	-	( 10.246	-	max(0, 233.131	-	153.665	+	10.246	))
=	1019.456

Note: The Operating Income data used here is four times the quarterly (Mar. 2016) data.

Niska Gas Storage Partners LLC (NYSE:NKA) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Niska Gas Storage Partners LLC's WACC % is 0.00%. Niska Gas Storage Partners LLC's ROIC % is 0.00% (calculated using TTM income statement data).

Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of 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.

Niska Gas Storage Partners LLC ROIC % Related Terms

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Niska Gas Storage Partners LLC (Niska Gas Storage Partners LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Niska Gas Storage Partners LLC (NYSE:NKA) » Definitions » ROIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.niskapartners.com

Niska Gas Storage Partners LLC was founded in 2006. The Company owns and operates natural gas storage assets. It owns or contracts for approximately 244.9 billion cubic feet, or Bcf, of total natural gas storage capacity. Its assets are located in key North American natural gas producing and consuming regions and are connected at points on the natural gas transmission network, providing access to multiple end-use markets. The Company stores natural gas for customers, including financial institutions, marketers, pipelines, power generators, utilities and producers of natural gas. Its gas storage customers include a broad mix of natural gas market participants, including financial institutions, producers, marketers, power generators, pipelines and municipalities. Its competitors include The Company's operations are subject to governmental laws and regulations.

Executives

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

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