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TransMontaigne Partners LP (TransMontaigne Partners LP) ROE % : 12.37% (As of Sep. 2018)


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What is TransMontaigne Partners LP ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. TransMontaigne Partners LP's annualized net income for the quarter that ended in Sep. 2018 was $43.6 Mil. TransMontaigne Partners LP's average Total Stockholders Equity over the quarter that ended in Sep. 2018 was $352.3 Mil. Therefore, TransMontaigne Partners LP's annualized ROE % for the quarter that ended in Sep. 2018 was 12.37%.

The historical rank and industry rank for TransMontaigne Partners LP's ROE % or its related term are showing as below:

TLP's ROE % is not ranked *
in the Oil & Gas industry.
Industry Median: 7.825
* Ranked among companies with meaningful ROE % only.

TransMontaigne Partners LP ROE % Historical Data

The historical data trend for TransMontaigne Partners LP's ROE % 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.

* Premium members only.

TransMontaigne Partners LP ROE % Chart

TransMontaigne Partners LP Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.02 8.12 10.75 11.66 13.16

TransMontaigne Partners LP Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.81 11.01 13.41 10.55 12.37

Competitive Comparison of TransMontaigne Partners LP's ROE %

For the Oil & Gas Midstream subindustry, TransMontaigne Partners LP's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TransMontaigne Partners LP's ROE % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TransMontaigne Partners LP's ROE % distribution charts can be found below:

* The bar in red indicates where TransMontaigne Partners LP's ROE % falls into.



TransMontaigne Partners LP ROE % Calculation

TransMontaigne Partners LP's annualized ROE % for the fiscal year that ended in Dec. 2017 is calculated as

ROE %=Net Income (A: Dec. 2017 )/( (Total Stockholders Equity (A: Dec. 2016 )+Total Stockholders Equity (A: Dec. 2017 ))/ count )
=48.493/( (372.734+364.217)/ 2 )
=48.493/368.4755
=13.16 %

TransMontaigne Partners LP's annualized ROE % for the quarter that ended in Sep. 2018 is calculated as

ROE %=Net Income (Q: Sep. 2018 )/( (Total Stockholders Equity (Q: Jun. 2018 )+Total Stockholders Equity (Q: Sep. 2018 ))/ count )
=43.58/( (355.028+349.485)/ 2 )
=43.58/352.2565
=12.37 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2018) net income data. ROE % is displayed in the 30-year financial page.


TransMontaigne Partners LP  (NYSE:TLP) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2018 )
=Net Income/Total Stockholders Equity
=43.58/352.2565
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(43.58 / 228.6)*(228.6 / 975.7045)*(975.7045 / 352.2565)
=Net Margin %*Asset Turnover*Equity Multiplier
=19.06 %*0.2343*2.7699
=ROA %*Equity Multiplier
=4.47 %*2.7699
=12.37 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2018 )
=Net Income/Total Stockholders Equity
=43.58/352.2565
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (43.58 / 43.58) * (43.58 / 73.052) * (73.052 / 228.6) * (228.6 / 975.7045) * (975.7045 / 352.2565)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.5966 * 31.96 % * 0.2343 * 2.7699
=12.37 %

Note: The net income data used here is four times the quarterly (Sep. 2018) net income data. The Revenue data used here is four times the quarterly (Sep. 2018) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


TransMontaigne Partners LP ROE % Related Terms

Thank you for viewing the detailed overview of TransMontaigne Partners LP's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


TransMontaigne Partners LP (TransMontaigne Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
TransMontaigne Partners LP is an oil pipeline and terminal company. It provides terminaling, storage, transportation and related services for customers engaged in the distribution and marketing of light refined petroleum products, heavy refined petroleum products, crude oil, chemicals, fertilizers and other liquid products. The company offers storing and distribution of products received from the pipeline, ship, barge or railcar making delivery and transfers it to terminals. It operates through four geographic segments Gulf Coast terminals, Midwest terminals, and pipeline system, Brownsville terminals, River terminals and Southeast terminals.
Executives
Barry Edward Welch director 200 CLARENDON STREET BOSTON MA 02116
Jay A Wiese director ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Michael A Hammell officer: Executive VP/Gen Counsel & SEC TRANSMONTAIGNE, 1670 BROADWAY, SUITE 3100, DENVER CO 80202
Steven A Blank director C/O TRANSMONTAIGNE, 1670 BROADWAY, SUITE 3100, DENVER CO 80202
Daniel R Revers director, 10 percent owner C/O ARCLIGHT CAPITAL PARTNERS, LLC, 200 CLARENDON ST., 55TH FLOOR, BOSTON MA 02117
Ngl Energy Holdings Llc 10 percent owner 6120 S. YALE, SUITE 805, TULSA OK 74136
Charles L Dunlap officer: Chief Executive Officer PASADENA REFINING SYSTEM INC., 111 RED BLUFF ROAD, PASADENA TX 77506
Stanley Morgan director, 10 percent owner, other: See Note (1) 1585 BROADWAY, NEW YORK NY 10036
Atanas H Atanasov director C/O NGL ENERGY PARTNERS LP, 6120 S. YALE AVENUE, SUITE 805, TULSA OK 74136
David C Kehoe director 6120 S. YALE AVE., SUITE 805, TULSA OK 74136
Jerry R Masters director 1670 BROADWAY, SUITE 3100, DENVER CO 80202
David A Peters director 1670 BROADWAY, SUITE 3100, DENVER CO 80202
Cushing Mlp Opportunity Fund I, Lp 10 percent owner 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Duke R Ligon director 2800 WEST COUNTRY CLUB DRIVE, SUITE E, OKLAHOMA CITY OK 73116
Randall J Larson officer: CEO