Magellan Midstream Partners LP (FRA:WEP) ROCE % : 16.97% (As of Jun. 2023)

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What is Magellan Midstream Partners LP ROCE %?

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. Magellan Midstream Partners LP's annualized ROCE % for the quarter that ended in Jun. 2023 was 16.97%.

Magellan Midstream Partners LP ROCE % Historical Data

The historical data trend for Magellan Midstream Partners 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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Magellan Midstream Partners LP ROCE % Chart

Magellan Midstream Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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22.99

16.23

12.56

16.07

15.71

Magellan Midstream Partners LP Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															13.42	22.46	13.42	18.96	16.97

Magellan Midstream Partners LP ROCE % Calculation

Magellan Midstream Partners LP's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1028.866	/	( ( (7106.55 - 601.446)	+	(7276.069 - 684.872) )	/ 2 )
	=	1028.866	/	( (6505.104	+	6591.197)	/ 2 )
	=	1028.866	/	6548.1505
	=	15.71 %

Magellan Midstream Partners LP's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	1095.048	/	( ( (7067.671 - 577.305)	+	(7041.752 - 628.655) )	/ 2 )
	=	1095.048	/	( ( 6490.366	+	6413.097 )	/ 2 )
	=	1095.048	/	6451.7315
	=	16.97 %

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

Magellan Midstream Partners LP (FRA:WEP) 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.

Magellan Midstream Partners LP ROCE % Related Terms

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Magellan Midstream Partners LP (FRA:WEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Magellan Midstream Partners LP (FRA:WEP) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

One Williams Center, P.O. Box 22186, Tulsa, OK, USA, 74121-2186

Website

https://www.magellanlp.com

Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.

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