Shell Midstream Partners LP (Shell Midstream Partners LP) ROCE % : 37.04% (As of Jun. 2022)

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What is Shell Midstream 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. Shell Midstream Partners LP's annualized ROCE % for the quarter that ended in Jun. 2022 was 37.04%.

Shell Midstream Partners LP ROCE % Historical Data

The historical data trend for Shell Midstream 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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Shell Midstream Partners LP ROCE % Chart

Shell Midstream Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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32.98

34.48

33.49

30.63

31.90

Shell Midstream Partners LP Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
ROCE %	Get a 7-Day Free Trial															33.18	26.81	24.90	39.28	37.04

Shell Midstream Partners LP ROCE % Calculation

Shell Midstream 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 )
	=	653	/	( ( (2347 - 82)	+	(2318 - 489) )	/ 2 )
	=	653	/	( (2265	+	1829)	/ 2 )
	=	653	/	2047
	=	31.90 %

Shell Midstream Partners LP's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	692	/	( ( (2197 - 340)	+	(2231 - 352) )	/ 2 )
	=	692	/	( ( 1857	+	1879 )	/ 2 )
	=	692	/	1868
	=	37.04 %

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

Shell Midstream Partners LP (NYSE:SHLX) 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.

Shell Midstream Partners LP ROCE % Related Terms

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Shell Midstream Partners LP (Shell Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell Midstream Partners LP (NYSE:SHLX) » Definitions » ROCE %

Comparable Companies

DTM ENLC AM DCP ETRN PAA CEQP GLNG VNOM DKL TSX:ENB EPD TSX:TRP WMB KMI ET LNG MPLX OKE CQP

Traded in Other Exchanges

N/A

Address

150 North Dairy Ashford Road, A0482-A, Houston, TX, USA, 77079

Website

http://www.shellmidstreampartners.com

Shell Midstream Partners LP is a US-based limited partnership that is formed to own, operate, develop and acquire pipelines and other midstream assets. The company holds an interest in several entities which own crude oil, refined products and natural gas pipelines, and crude tank storage and terminal system. It provides a transportation and storage facility to deliver refined products from Gulf Coast markets to demand centers. The company earns revenue through the long-term transportation agreements by charging fees for the transportation of crude oil and refined products through its pipelines.

Executives

Sopc Holdings West Llc	10 percent owner	150 N. DAIRY ASHFORD RD., HOUSTON TX 77079
Fierro A Carlos	director	910 LOUISIANA STREET, HOUSTON TX 77002
Gregory T. Mouras	officer: Vice President, Operations	P.O. BOX 61933, NEW ORLEANS LA 70161
Sean Guillory	officer: Vice President, Commercial	150 N. DAIRY ASHFORD, HOUSTON TX 77079
Shawn J. Carsten	officer: Chief Financial Officer	ONE SHELL PLAZA, 910 LOUISIANA STREET, HOUSTON TX 77002
Steven Ledbetter	officer: Vice President - Commercial	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Cynthia V. Hablinski	director	150 N. DAIRY ASHFORD, HOUSTON TX 77079
David A. Connolly	director	1000 MAIN STREET, LEVEL 12, HOUSTON TX 77002
Stanley Jesse C. H.	officer: Vice President, Operations	150 N. DAIRY ASHFORD, HOUSTON TX 77079
Shell Pipeline Co Lp	10 percent owner	TWO SHELL PLAZA, 777 WALKER STREET, HOUSTON TX 77002
Lori M Muratta	officer: See Remarks	910 LOUISIANA STREET, HOUSTON TX 77002
Anne C. Anderson	director	150 N. DAIRY ASHFORD, HOUSTON TX 77079
James J Bender	director	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Rob L. Jones	director	555 EAST AIRTEX DRIVE, HOUSTON TX 77073
Nick Arzymanow	officer: Controller	150 N. DAIRY ASHFORD, HOUSTON TX 77079