Rattler Midstream LP (Rattler Midstream LP) ROCE % : 8.50% (As of Jun. 2022)

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What is Rattler Midstream 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. Rattler Midstream LP's annualized ROCE % for the quarter that ended in Jun. 2022 was 8.50%.

Rattler Midstream LP ROCE % Historical Data

The historical data trend for Rattler Midstream 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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Rattler Midstream LP ROCE % Chart

Rattler Midstream LP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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12.90

19.78

21.04

10.97

9.73

Rattler Midstream LP Quarterly Data
	Mar17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
ROCE %	Get a 7-Day Free Trial															10.22	10.85	10.36	8.46	8.50

Rattler Midstream LP ROCE % Calculation

Rattler Midstream LP's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	176.908	/	( ( (1808.588 - 43.448)	+	(1921.135 - 48.949) )	/ 2 )
	=	176.908	/	( (1765.14	+	1872.186)	/ 2 )
	=	176.908	/	1818.663
	=	9.73 %

Rattler Midstream LP's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	163.756	/	( ( (1976.004 - 59.083)	+	(2001.616 - 67.688) )	/ 2 )
	=	163.756	/	( ( 1916.921	+	1933.928 )	/ 2 )
	=	163.756	/	1925.4245
	=	8.50 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

Rattler Midstream LP (NAS:RTLR) 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.

Rattler Midstream LP ROCE % Related Terms

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Rattler Midstream LP (Rattler Midstream LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rattler Midstream LP (NAS:RTLR) » Definitions » ROCE %

Comparable Companies

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Traded in Other Exchanges

N/A

Address

500 West Texas Avenue, Suite 1200, Midland, TX, USA, 79701

Website

https://www.rattlermidstream.com

Rattler Midstream LP is a growth-oriented partnership firm that owns, operates, develops and acquires midstream infrastructure assets in the Midland and Delaware Basins of the Permian. It provides crude oil, natural gas and water-related midstream services including freshwater sourcing and transportation and saltwater gathering and disposal to Diamondback under long-term, fixed-fee contracts. The company's operating segment includes Midstream Services.

Executives

Steven E West	director	411 WEST PUTNAM AVE., SUITE 125, GREENWICH CT 06830
Van't Hof Matthew Kaes	director, officer: President	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Travis D. Stice	director, officer: Chief Executive Officer	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Teresa L. Dick	officer: See Remarks	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Matt Zmigrosky	officer: See Remarks	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Laurie H Argo	director	1100 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Arturo Vivar	director	1715 NANTUCKET DRIVE UNIT A HOUSTON TX 77057
Diamondback Energy, Inc.	director	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Energen Resources Corp	director	500 W TEXAS AVENUE SUITE 1200 MIDLAND TX 79701
Rattler Midstream Gp Llc	director, other: General Partner of Issuer	500 WEST TEXAS SUITE 1200 MIDLAND TX 79701