Kinder Morgan (MEX:KMI) ROCE % : 6.43% (As of Sep. 2024)

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What is Kinder Morgan 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. Kinder Morgan's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.43%.

Kinder Morgan ROCE % Historical Data

The historical data trend for Kinder Morgan'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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Kinder Morgan ROCE % Chart

Kinder Morgan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.49

5.28

7.01

6.15

6.23

Kinder Morgan 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															5.98	6.88	7.25	6.37	6.43

Kinder Morgan ROCE % Calculation

Kinder Morgan'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 )
	=	72106.605	/	( ( (1366240.689 - 135107.28)	+	(1205511.092 - 122571.045) )	/ 2 )
	=	72106.605	/	( (1231133.409	+	1082940.047)	/ 2 )
	=	72106.605	/	1157036.728
	=	6.23 %

Kinder Morgan'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 )
	=	80021.38	/	( ( (1295267.923 - 109151.174)	+	(1395628.775 - 93154.809) )	/ 2 )
	=	80021.38	/	( ( 1186116.749	+	1302473.966 )	/ 2 )
	=	80021.38	/	1244295.3575
	=	6.43 %

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

Kinder Morgan (MEX:KMI) 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.

Kinder Morgan ROCE % Related Terms

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Kinder Morgan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Inc (MEX:KMI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KMI:USA 0JR2:UK 2KD:Germany KMIC34:Brazil KMI:Austria

Address

1001 Louisiana Street, Suite 1000, Houston, TX, USA, 77002

Website

https://www.kindermorgan.com

Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 82,000 miles in pipelines and 139 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.