Enterprise Products Partners LP (Enterprise Products Partners LP) ROCE %

: 13.39% (As of Dec. 2023)

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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. Enterprise Products Partners LP's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.39%.

Enterprise Products Partners LP ROCE % Historical Data

The historical data trend for Enterprise Products 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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Enterprise Products Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

11.67

9.37

11.00

12.42

12.27

Enterprise Products Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																12.83	12.39	11.24	11.91	13.39

Enterprise Products Partners LP ROCE % Calculation

Enterprise Products Partners 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 )
	=	6975	/	( ( (68108 - 12265)	+	(70982 - 13131) )	/ 2 )
	=	6975	/	( (55843	+	57851)	/ 2 )
	=	6975	/	56847
	=	12.27 %

Enterprise Products Partners 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 )
	=	7712	/	( ( (69804 - 12475)	+	(70982 - 13131) )	/ 2 )
	=	7712	/	( ( 57329	+	57851 )	/ 2 )
	=	7712	/	57590
	=	13.39 %

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

Enterprise Products Partners LP (NYSE:EPD) 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.

Enterprise Products Partners LP ROCE % Related Terms

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Enterprise Products Partners LP (Enterprise Products Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enterprise Products Partners LP (NYSE:EPD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Louisiana Street, 10th Floor, Houston, TX, USA, 77002

Website

https://www.enterpriseproducts.com

Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

Executives

Aj Teague	officer: Executive Vice President	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
John R Rutherford	director	1100 LOUISIANA STREET, 10TH FLOOR, HOUSTON TX 77002
William C Montgomery	director	C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Rebecca G. Followill	director	1100 LOUISIANA STREET, HOUSTON TX 77002
Carin Marcy Barth	director
Randa Duncan Williams	10 percent owner	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Graham W. Bacon	officer: Group Senior Vice President	1100 LOUISIANA STREET, HOUSTON TX 77002
Richard H Bachmann	director, officer: Executive VP & CLO	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
W Randall Fowler	director, officer: Sr. Vice President & Treasurer	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Robert D Sanders	officer: EVP, Asset Optimization	1100 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Christian M. Nelly	officer: EVP-Finance and Treasurer	1100 LOUISIANA STREET, HOUSTON TX 77002
Murray E Brasseux	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
James T Hackett	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Edwin E Smith	director	1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Brent B. Secrest	officer: Senior Vice President	1100 LOUISIANA STREET, HOUSTON TX 77002