BSM (Black Stone Minerals LP) ROCE % : 31.37% (As of Sep. 2024)

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What is Black Stone Minerals LP ROCE %?

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. Black Stone Minerals LP's annualized ROCE % for the quarter that ended in Sep. 2024 was 31.37%.

Black Stone Minerals LP ROCE % Historical Data

The historical data trend for Black Stone Minerals LP'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.

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Black Stone Minerals LP ROCE % Chart

Black Stone Minerals LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.73

9.72

15.80

40.04

34.28

Black Stone Minerals LP Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															20.61	48.61	21.12	23.04	31.37

Black Stone Minerals LP ROCE % Calculation

Black Stone Minerals LP's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	425.303	/	( ( (1271.082 - 30.734)	+	(1266.884 - 25.836) )	/ 2 )
	=	425.303	/	( (1240.348	+	1241.048)	/ 2 )
	=	425.303	/	1240.698
	=	34.28 %

Black Stone Minerals LP's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	373.82	/	( ( (1216.896 - 27.062)	+	(1212.817 - 19.458) )	/ 2 )
	=	373.82	/	( ( 1189.834	+	1193.359 )	/ 2 )
	=	373.82	/	1191.5965
	=	31.37 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Black Stone Minerals LP (NYSE:BSM) 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.

Black Stone Minerals LP ROCE % Related Terms

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Black Stone Minerals LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Black Stone Minerals LP (NYSE:BSM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Fannin Street, Suite 2020, Houston, TX, USA, 77002

Website

https://www.blackstoneminerals.com

Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which makes up the majority of its asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests.

Executives

Carter Thomas L Jr	officer: President, CEO, and Chairman	500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
Carrie Pearson Clark	officer: SVP, Land and Legal	825 TOWN & COUNTRY LANE, SUITE 1100, HOUSTON TX 77024
D Mark Dewalch	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
James Whitehead	director	1001 FANNIN ST, SUITE 2020, HOUSTON TX 77006
Luke Stevens Putman	officer: See Remarks	601 JEFFERSON, SUITE 3600, HOUSTON TX 77002
Evan Montgomery Kiefer	officer: Interim CFO & Treasurer	1001 FANNIN ST, SUITE 2020, HOUSTON TX 77002
Dawn Smajstrla	officer: VP, Chief Accounting Officer	801 LOUISIANA, STE 700, HOUSTON X1 77479
Jeffrey P. Wood	officer: SVP, CFO	EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968
William N. Mathis	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Holbrook F Dorn	officer: See Remarks	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Brock Morris	officer: See Remarks	1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Alexander D. Stuart	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
William E. Randall	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Ricky J. Haeflinger	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
William G Bardel	director	C/O HUDSON CITY BANCORP, INC., WEST 80 CENTURY ROAD, PARAMUS NJ 07652