Antero Midstream (FRA:5711) ROCE % : 13.76% (As of Mar. 2024)

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What is Antero Midstream 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. Antero Midstream's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.76%.

Antero Midstream ROCE % Historical Data

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.

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Antero Midstream ROCE % Chart

Antero Midstream Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.44

-0.51

11.83

11.76

12.48

Antero Midstream Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.10	12.04	13.53	12.85	13.76

Antero Midstream ROCE % Calculation

Antero Midstream'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 )
	=	657.781	/	( ( (5467.006 - 96.361)	+	(5261.396 - 88.414) )	/ 2 )
	=	657.781	/	( (5370.645	+	5172.982)	/ 2 )
	=	657.781	/	5271.8135
	=	12.48 %

Antero Midstream's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	712.896	/	( ( (5261.396 - 88.414)	+	(5289.302 - 98.733) )	/ 2 )
	=	712.896	/	( ( 5172.982	+	5190.569 )	/ 2 )
	=	712.896	/	5181.7755
	=	13.76 %

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

Antero Midstream (FRA:5711) 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.

Antero Midstream ROCE % Related Terms

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Antero Midstream (FRA:5711) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Antero Midstream Corp (FRA:5711) » Definitions » ROCE %

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Traded in Other Exchanges

AM:USA

Address

1615 Wynkoop Street, Denver, CO, USA, 80202

Website

https://www.anteromidstream.com

Antero Midstream Corp is a midstream company that owns, operates, and develops midstream energy infrastructure services and production activity in the Appalachian Basin's Marcellus Shale and Utica Shale located in West Virginia and Ohio. The company has two operating segments; the Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio and the Water Handling segment includes two independent systems that deliver water from sources including the Ohio River, local reservoirs and several regional waterways. It derives a majority of its revenue from the Gathering and Processing segment.

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