QEP Midstream Partners LP (FRA:1QM) ROCE % : 15.58% (As of Mar. 2015)

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What is QEP Midstream Partners 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. QEP Midstream Partners LP's annualized ROCE % for the quarter that ended in Mar. 2015 was 15.58%.

QEP Midstream Partners LP ROCE % Historical Data

The historical data trend for QEP Midstream Partners 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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QEP Midstream Partners LP ROCE % Chart

QEP Midstream Partners LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

ROCE %

11.05

11.40

3.32

10.20

QEP Midstream Partners LP Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
ROCE %	Get a 7-Day Free Trial									10.17	8.32	11.09	10.88	15.58

QEP Midstream Partners LP ROCE % Calculation

QEP Midstream Partners LP's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	46.795	/	( ( (423.327 - 19.783)	+	(526.258 - 11.841) )	/ 2 )
	=	46.795	/	( (403.544	+	514.417)	/ 2 )
	=	46.795	/	458.9805
	=	10.20 %

QEP Midstream Partners LP's ROCE % of for the quarter that ended in Mar. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2015 )		(Q: Dec. 2014 )		(Q: Mar. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2015 )		(Q: Dec. 2014 )		(Q: Mar. 2015 )
	=	85.008	/	( ( (526.258 - 11.841)	+	(585.816 - 9.24) )	/ 2 )
	=	85.008	/	( ( 514.417	+	576.576 )	/ 2 )
	=	85.008	/	545.4965
	=	15.58 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2015) EBIT data.

QEP Midstream Partners LP (FRA:1QM) 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.

QEP Midstream Partners LP ROCE % Related Terms

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QEP Midstream Partners LP (FRA:1QM) Business Description

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Address

Website

http://www.qepm.com

QEP Midstream Partners LP provides gathering, compression and transportation services to producers and users of natural gas and crude oil. Its assets consist of ownership interests in four gathering systems and two FERC-regulated pipelines. Its assets are located in the Green River Basin located in Wyoming and Colorado, the Uinta Basin located in eastern Utah, and the portion of the Williston Basin located in North Dakota. The company derives revenues from the fee-based agreements.

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