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:
MMP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 30.64 Med: 41.99 Max: 58.47
Current: 54.35
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 than 86.4% of 1007
companies
in the Oil & Gas industry
Industry Median: 8.88
vs MMP: 54.35
Magellan Midstream Partners LP Return-on-Tangible-Equity Historical Data
The 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.
* Premium members only.
Magellan Midstream Partners LP Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Return-on-Tangible-Equity
43.36
58.47
39.62
33.88
48.91
Magellan Midstream Partners LP Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Return-on-Tangible-Equity
51.07
47.17
53.74
37.65
83.85
Competitive Comparison
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.
Magellan Midstream Partners LP Return-on-Tangible-Equity Distribution
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.
* 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.
Be Aware
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.
Magellan Midstream Partners LP Return-on-Tangible-Equity Related Terms
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.
Magellan Midstream Partners LP Business Description
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.
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