Plains GP Holdings LP (FRA:PG81) ROCE % : 8.96% (As of Dec. 2023)

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Plains GP Holdings LP ROCE % Definition

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Plains GP Holdings LP's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.96%.

Plains GP Holdings LP ROCE % Historical Data

The historical data trend for Plains GP Holdings LP's ROCE % 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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Plains GP Holdings LP ROCE % Chart

Plains GP Holdings LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.15

-8.86

5.18

7.96

8.40

Plains GP Holdings LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.94	10.64	8.21	6.19	8.96

Plains GP Holdings LP ROCE % Calculation

Plains GP Holdings LP's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1834	/	( ( (27571.408 - 5562.992)	+	(26223.449 - 4589.585) )	/ 2 )
	=	1834	/	( (22008.416	+	21633.864)	/ 2 )
	=	1834	/	21821.14
	=	8.40 %

Plains GP Holdings LP's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1951.376	/	( ( (27170.189 - 5254.696)	+	(26223.449 - 4589.585) )	/ 2 )
	=	1951.376	/	( ( 21915.493	+	21633.864 )	/ 2 )
	=	1951.376	/	21774.6785
	=	8.96 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Plains GP Holdings LP (FRA:PG81) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Plains GP Holdings LP ROCE % Related Terms

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Plains GP Holdings LP (FRA:PG81) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plains GP Holdings LP (FRA:PG81) » Definitions » ROCE %

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Traded in Other Exchanges

PAGP:USA

Address

333 Clay Street, Suite 1600, Houston, TX, USA, 77002

Website

https://www.plains.com

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

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