NGLPB.PFD (NGL Energy Partners LP) ROCE % : 7.18% (As of Sep. 2024)

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What is NGL Energy 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. NGL Energy Partners LP's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.18%.

NGL Energy Partners LP ROCE % Historical Data

The historical data trend for NGL Energy 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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NGL Energy Partners LP ROCE % Chart

NGL Energy Partners LP Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.19

-8.52

1.46

6.82

2.72

NGL Energy Partners LP 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															7.70	9.21	-13.77	7.27	7.18

NGL Energy Partners LP ROCE % Calculation

NGL Energy Partners LP's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	114.018	/	( ( (5456.144 - 1110.137)	+	(5020.094 - 977.347) )	/ 2 )
	=	114.018	/	( (4346.007	+	4042.747)	/ 2 )
	=	114.018	/	4194.377
	=	2.72 %

NGL Energy Partners LP'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 )
	=	288.672	/	( ( (4839.579 - 864.551)	+	(4890.179 - 828.985) )	/ 2 )
	=	288.672	/	( ( 3975.028	+	4061.194 )	/ 2 )
	=	288.672	/	4018.111
	=	7.18 %

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

NGL Energy Partners LP (NYSE:NGLpB.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.

NGL Energy Partners LP ROCE % Related Terms

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NGL Energy Partners LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NGL Energy Partners LP (NYSE:NGLpB.PFD) » Definitions » ROCE %

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Traded in Other Exchanges

NGLpC.PFD:USA NGL:USA

Address

6120 South Yale Avenue, Suite 1300, Tulsa, OK, USA, 74136

Website

https://www.nglenergypartners.com

NGL Energy Partners LP is a USA-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil Logistics, owns pipeline injection stations, and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants and sells propane and distillates.