Market Cap : 10.7 B | Enterprise Value : 15.86 B | PE Ratio : 11.02 | PB Ratio : 6.08 |
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Magellan Midstream Partners LP's annualized Net Income for the quarter that ended in Jun. 2022 was $1,416 Mil. Magellan Midstream Partners LP's average total tangible assets for the quarter that ended in Jun. 2022 was $7,859 Mil. Therefore, Magellan Midstream Partners LP's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 was 18.01%.
The historical rank and industry rank for Magellan Midstream Partners LP's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Magellan Midstream Partners LP's highest Return-on-Tangible-Asset was 17.87%. The lowest was 9.94%. And the median was 12.74%.
MMP's Return-on-Tangible-Asset is ranked better thanThe historical data trend for Magellan Midstream Partners LP's Return-on-Tangible-Asset 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.
For the Oil & Gas Midstream subindustry, Magellan Midstream Partners LP's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP's Return-on-Tangible-Asset falls into.
Magellan Midstream Partners LP's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | 982 | / | ( (8102 | + | 7936.7) | / 2 ) | |
= | 982 | / | 8019.35 | ||||
= | 12.25 % |
Magellan Midstream Partners LP's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jun. 2022 ) | (Q: Mar. 2022 ) | (Q: Jun. 2022 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jun. 2022 ) | (Q: Mar. 2022 ) | (Q: Jun. 2022 ) | |||||
= | 1415.6 | / | ( (8018.4 | + | 7699.6) | / 2 ) | |
= | 1415.6 | / | 7859 | ||||
= | 18.01 % |
* 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2022) net income data.
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Somasundaram Sivasankaran | director | C/O APERGY CORPORATION 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9 THE WOODLANDS TX 77381 |
Roles Mark B | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
Pearson Michael C | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
Joung Chansoo | director | C/O WARBURG PINCUS LLC 450 LEXINGTON AVENUE NEW YORK NY 10017 |
Holman Jeffrey L | officer: Senior Vice President & CFO | ONE WILLIAMS CENTER TULSA OK 74172 |
Little Melanie A | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172 |
Guay Edward J | director | ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172 |
Gobillot Lori | director | 5103 CITY WEST BLVD. 4TH FLOOR HOUSTON TX 77042 |
Aaronson Michael | officer: Senior Vice President | 16666 NORTHCHASE DRIVE HOUSTON TX 77060 |
Milford Aaron L | officer: Senior Vice President & CFO | ONE WILLIAMS CENTER TULSA OK 74172 |
Methvin Stacy P. | director | 777 HIDDEN RIDGE IRVING TX 75038 |
Barnes Robert L | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
Osborne Michael P | officer: Senior VP & CFO | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
May Douglas J | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 4100 TULSA OK 74172 |
Davied Larry J | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
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