Ferrellgas Partners LP (Ferrellgas Partners LP) ROCE %

: 38.12% (As of Jan. 2024)

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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. Ferrellgas Partners LP's annualized ROCE % for the quarter that ended in Jan. 2024 was 38.12%.

Ferrellgas Partners LP ROCE % Historical Data

The historical data trend for Ferrellgas 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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Ferrellgas Partners LP Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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15.77

23.76

10.59

18.42

18.34

Ferrellgas Partners LP Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															38.75	29.84	-1.31	2.06	38.12

Ferrellgas Partners LP ROCE % Calculation

Ferrellgas Partners LP's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	236.314	/	( ( (1608.115 - 303.812)	+	(1531.403 - 259.342) )	/ 2 )
	=	236.314	/	( (1304.303	+	1272.061)	/ 2 )
	=	236.314	/	1288.182
	=	18.34 %

Ferrellgas Partners LP's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	485.076	/	( ( (1472.098 - 248.71)	+	(1620.953 - 299.657) )	/ 2 )
	=	485.076	/	( ( 1223.388	+	1321.296 )	/ 2 )
	=	485.076	/	1272.342
	=	38.12 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Ferrellgas Partners LP (OTCPK:FGPRB) 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.

Ferrellgas Partners LP ROCE % Related Terms

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Ferrellgas Partners LP (Ferrellgas Partners LP) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ferrellgas Partners LP (OTCPK:FGPRB) » Definitions » ROCE %

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FGPR:USA

Address

One Liberty Plaza, Liberty, MO, USA, 64068

Website

https://www.ferrellgas.com

Ferrellgas Partners LP operates as a propane distributor. Its operations primarily include the distribution and sale of propane and related equipment and supplies within the Midwest, Southeast, Southwest, and Northwest regions of the United States. The firm caters to residential, industrial, commercial, portable tank exchange, agricultural, wholesale and other, customers. Ferrellgas earns revenue primarily through the distribution of propane, as well as through the sale of propane related equipment and supplies.