Market Cap : 10.88 B | Enterprise Value : 16.03 B | PE Ratio : 11.21 | PB Ratio : 6.19 |
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Return-on-Tangible-Equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Magellan Midstream Partners LP's annualized net income attributable to common stockholders for the quarter that ended in Jun. 2022 was $1,416 Mil. Magellan Midstream Partners LP's average shareholder tangible equity for the quarter that ended in Jun. 2022 was $1,688 Mil. Therefore, Magellan Midstream Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2022 was 83.85%.
The historical rank and industry rank for Magellan Midstream Partners LP's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Magellan Midstream Partners LP's highest Return-on-Tangible-Equity was 58.47%. The lowest was 30.64%. And the median was 41.99%.
MMP's Return-on-Tangible-Equity is ranked better thanThe historical data trend for Magellan Midstream Partners LP's Return-on-Tangible-Equity 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-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP's Return-on-Tangible-Equity falls into.
Magellan Midstream Partners LP's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 is calculated as
Return-on-Tangible-Equity | = | Net Income attributable to Common Stockholders | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | Net Income attributable to Common Stockholders | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | 982 | / | ( (2208.8 | + | 1806.5 ) | / 2 ) | |
= | 982 | / | 2007.65 | ||||
= | 48.91 % |
Magellan Midstream Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2022 is calculated as
Return-on-Tangible-Equity | = | Net Income attributable to Common Stockholders | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Jun. 2022 ) | (Q: Mar. 2022 ) | (Q: Jun. 2022 ) | |||||
= | Net Income attributable to Common Stockholders | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Jun. 2022 ) | (Q: Mar. 2022 ) | (Q: Jun. 2022 ) | |||||
= | 1415.6 | / | ( (1710.1 | + | 1666.6) | / 2 ) | |
= | 1415.6 | / | 1688.35 | ||||
= | 83.85 % |
* 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-Equity, the net income attributable to common stockholders of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Jun. 2022) net income attributable to common stockholders data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Net income attributable to common stockholders is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Return-on-Tangible-Equity 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 |
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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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