HMLPF.PFD (Hoegh LNG Partners LP) ROCE % : 7.74% (As of Sep. 2022)

View and export this data going back to 2017. Start your Free Trial

What is Hoegh LNG 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. Hoegh LNG Partners LP's annualized ROCE % for the quarter that ended in Sep. 2022 was 7.74%.

Hoegh LNG Partners LP ROCE % Historical Data

The historical data trend for Hoegh LNG 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.

* Premium members only.

Hoegh LNG Partners LP ROCE % Chart

Hoegh LNG Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

Get a 7-Day Free Trial

10.45

11.42

8.87

9.77

10.50

Hoegh LNG Partners LP Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial															11.62	6.57	11.96	9.22	7.74

Hoegh LNG Partners LP ROCE % Calculation

Hoegh LNG Partners LP's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	96.186	/	( ( (981.81 - 77.808)	+	(1004.008 - 76.209) )	/ 2 )
	=	96.186	/	( (904.002	+	927.799)	/ 2 )
	=	96.186	/	915.9005
	=	10.50 %

Hoegh LNG Partners LP's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	71.796	/	( ( (1016.836 - 94.986)	+	(1023.822 - 89.703) )	/ 2 )
	=	71.796	/	( ( 921.85	+	934.119 )	/ 2 )
	=	71.796	/	927.9845
	=	7.74 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Hoegh LNG Partners LP (OTCPK:HMLPF.PFD) 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.

Hoegh LNG Partners LP ROCE % Related Terms

Thank you for viewing the detailed overview of Hoegh LNG Partners LP's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hoegh LNG Partners LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hoegh LNG Partners LP (OTCPK:HMLPF.PFD) » Definitions » ROCE %

Comparable Companies

GPP GLOP TNP TK NGL BKEP OSG SMLP MMLP DLNG TSX:ENB EPD TSX:TRP WMB KMI ET LNG MPLX OKE CQP

Traded in Other Exchanges

N/A

Address

22 Victoria Street, Canon's Court, Hamilton, BMU, HM 12

Website

https://www.hoeghlngpartners.com

Hoegh LNG Partners LP is a floating LNG service provider, to own, operate and acquire floating storage and regasification units (FSRUs), LNG carriers and other LNG infrastructure assets.