Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Shell Midstream Partners LP's selling, general, & admin. expense for the
three
months ended in Jun. 2022 was $14.0 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2022 was $53.0 Mil.
Shell Midstream Partners LP Selling, General, & Admin. Expense Historical Data
The historical data trend for Shell Midstream Partners LP's Selling, General, & Admin. Expense 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.
Shell Midstream Partners LP Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Selling, General, & Admin. Expense
58.00
60.00
60.00
56.00
51.00
Shell 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
Selling, General, & Admin. Expense
13.00
13.00
13.00
13.00
14.00
Competitive Comparison
For the Oil & Gas Midstream subindustry, Shell Midstream Partners LP's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.
Shell Midstream Partners LP Selling, General, & Admin. Expense Distribution
For the Oil & Gas industry and Energy sector, Shell Midstream Partners LP's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Shell Midstream Partners LP's Selling, General, & Admin. Expense falls in comparison to its industry or sector. The grey bar indicates the Selling, General, & Admin. Expense's extreme value range as defined by GuruFocus.
Shell Midstream Partners LP Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $53.0 Mil.
* 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.
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
Shell Midstream Partners LP Selling, General, & Admin. Expense Related Terms
Thank you for viewing the detailed overview of Shell Midstream Partners LP's Selling, General, & Admin. Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Shell Midstream Partners LP (NYSE:SHLX) Business Description
Shell Midstream Partners LP is a US-based limited partnership that is formed to own, operate, develop and acquire pipelines and other midstream assets. The company holds an interest in several entities which own crude oil, refined products and natural gas pipelines, and crude tank storage and terminal system. It provides a transportation and storage facility to deliver refined products from Gulf Coast markets to demand centers. The company earns revenue through the long-term transportation agreements by charging fees for the transportation of crude oil and refined products through its pipelines.
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