NuStar Energy LP (NuStar Energy LP) ROCE % : 9.15% (As of Mar. 2024)

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What is NuStar Energy 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. NuStar Energy LP's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.15%.

NuStar Energy LP ROCE % Historical Data

The historical data trend for NuStar Energy 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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NuStar Energy LP ROCE % Chart

NuStar Energy LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.88

0.59

4.86

8.95

11.01

NuStar Energy LP 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															13.87	8.96	9.86	11.57	9.15

NuStar Energy LP ROCE % Calculation

NuStar Energy LP'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 )
	=	520.439	/	( ( (4973.686 - 196.467)	+	(4896.392 - 220.986) )	/ 2 )
	=	520.439	/	( (4777.219	+	4675.406)	/ 2 )
	=	520.439	/	4726.3125
	=	11.01 %

NuStar Energy LP'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 )
	=	425.864	/	( ( (4896.392 - 220.986)	+	(4862.125 - 228.632) )	/ 2 )
	=	425.864	/	( ( 4675.406	+	4633.493 )	/ 2 )
	=	425.864	/	4654.4495
	=	9.15 %

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

NuStar Energy LP (NYSE:NSpB.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.

NuStar Energy LP ROCE % Related Terms

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NuStar Energy LP (NuStar Energy LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NuStar Energy LP (NYSE:NSpB.PFD) » Definitions » ROCE %

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Traded in Other Exchanges

NSpC.PFD:USA NSpA.PFD:USA NS:USA

Address

19003 IH-10 West, San Antonio, TX, USA, 78257

Website

https://www.nustarenergy.com

NuStar Energy LP is a US-based pipeline and terminal operator. The company along with its subsidiaries is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of crude oil and specialty chemicals, and the marketing of petroleum products. Its business is organized into the segments of; Pipeline, Storage, and Fuels Marketing. Geographically, the company operates in the United States and Foreign and derives key revenue from the Pipeline business.