Keyera (Keyera) ROCE % : 5.89% (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Keyera 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. Keyera's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.89%.

Keyera ROCE % Historical Data

The historical data trend for Keyera'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.

Keyera ROCE % Chart

Keyera Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

9.19

3.01

8.34

7.87

9.73

Keyera Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.36	11.29	12.90	8.02	5.89

Keyera ROCE % Calculation

Keyera'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 )
	=	560.516	/	( ( (6307.095 - 736.105)	+	(6544.433 - 592.74) )	/ 2 )
	=	560.516	/	( (5570.99	+	5951.693)	/ 2 )
	=	560.516	/	5761.3415
	=	9.73 %

Keyera's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	349.092	/	( ( (6596.09 - 700.902)	+	(6544.433 - 592.74) )	/ 2 )
	=	349.092	/	( ( 5895.188	+	5951.693 )	/ 2 )
	=	349.092	/	5923.4405
	=	5.89 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Keyera (OTCPK:KEYUF) 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.

Keyera ROCE % Related Terms

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

Keyera (Keyera) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Keyera Corp (OTCPK:KEYUF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KEY:Canada

Address

144 - 4th Avenue South West, Suite 200, The Ampersand, West Tower, Calgary, AB, CAN, T2P 3N4

Website

https://www.keyera.com

Keyera is a midstream energy business that operates primarily out of Alberta. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for natural gas liquids and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 kilometers of pipelines.