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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Antero Midstream's annualized ROCE % for the quarter that ended in Dec. 2024 was 14.49%.
The historical data trend for Antero Midstream's ROCE % 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.
Antero Midstream Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
ROCE % | Get a 7-Day Free Trial |
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-0.54 | 11.40 | 11.40 | 12.66 | 13.37 |
Antero Midstream Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
ROCE % | Get a 7-Day Free Trial |
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12.99 | 13.74 | 11.80 | 13.38 | 14.49 |
Antero Midstream's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2024 ) | (A: Dec. 2023 ) | (A: Dec. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2024 ) | (A: Dec. 2023 ) | (A: Dec. 2024 ) | |||||
= | 755.648 | / | ( ( (5737.618 - 96.417) | + | (5761.748 - 100.612) ) | / 2 ) | |
= | 755.648 | / | ( (5641.201 | + | 5661.136) | / 2 ) | |
= | 755.648 | / | 5651.1685 | ||||
= | 13.37 % |
Antero Midstream's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Dec. 2024 ) | (Q: Sep. 2024 ) | (Q: Dec. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2024 ) | (Q: Sep. 2024 ) | (Q: Dec. 2024 ) | |||||
= | 822.052 | / | ( ( (5777.451 - 91.52) | + | (5761.748 - 100.612) ) | / 2 ) | |
= | 822.052 | / | ( ( 5685.931 | + | 5661.136 ) | / 2 ) | |
= | 822.052 | / | 5673.5335 | ||||
= | 14.49 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.
* 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.
Antero Midstream (NYSE:AM) ROCE % Explanation
ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.
Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.
Thank you for viewing the detailed overview of Antero Midstream's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Janine J Mcardle | director | 9337B KATY FREEWAY, #155, HOUSTON TX 77024 |
Brooks J Klimley | director | |
Sheri Pearce | officer: See Remarks | 1615 WYNKOOP ST., DENVER CO 80202 |
Michael N. Kennedy | officer: Chief Financial Officer | 707 - 17TH STREET, SUITE 3600, DENVER CO 80202 |
David H Keyte | director | 1615 WYNKOOP STREET, DENVER CO 80902 |
Nancy Chisholm | director | 1615 WYNKOOP STREET, DENVER CO 80202 |
Keenan W Howard Jr | director | 410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
Brendan E. Krueger | officer: See Remarks | 1615 WYNKOOP STREET, DENVER CO 80202 |
Yvette K Schultz | officer: See Remarks | 1615 WYNKOOP STREET, DENVER CO 80202 |
Paul M Rady | director, officer: Chairman & CEO | 1625 17TH STREET, DENVER CO 80202 |
Warren Glen C Jr | director, officer: President & Secretary | 1625 17TH STREET, DENVER CO 80202 |
K. Phil Yoo | officer: VP-Accounting, CAO | 1625 17TH STREET, DENVER CO 80202 |
Warburg Pincus Private Equity X O&g, L.p. | director, 10 percent owner | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Peter Kagan | director | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Yorktown Energy Partners Viii, L.p. | director, 10 percent owner | 410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
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