Spectra Energy Partners LP (STU:SEZ) ROCE % : 8.74% (As of Sep. 2018)

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

What is Spectra 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. Spectra Energy Partners LP's annualized ROCE % for the quarter that ended in Sep. 2018 was 8.74%.

Spectra Energy Partners LP ROCE % Historical Data

The historical data trend for Spectra 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.

* Premium members only.

Spectra Energy Partners LP ROCE % Chart

Spectra Energy Partners LP Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

Get a 7-Day Free Trial

7.66

8.61

9.54

8.08

4.57

Spectra Energy Partners LP Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
ROCE %	Get a 7-Day Free Trial															10.87	-8.29	9.45	9.48	8.74

Spectra Energy Partners LP ROCE % Calculation

Spectra Energy Partners LP's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	834.015	/	( ( (20482.488 - 1686.492)	+	(18637.32 - 933.725) )	/ 2 )
	=	834.015	/	( (18795.996	+	17703.595)	/ 2 )
	=	834.015	/	18249.7955
	=	4.57 %

Spectra Energy Partners LP's ROCE % of for the quarter that ended in Sep. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	1594.02	/	( ( (18697.608 - 964.712)	+	(19206.227 - 477.349) )	/ 2 )
	=	1594.02	/	( ( 17732.896	+	18728.878 )	/ 2 )
	=	1594.02	/	18230.887
	=	8.74 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2018) EBIT data.

Spectra Energy Partners LP (STU:SEZ) 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.

Spectra Energy Partners LP ROCE % Related Terms

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

Spectra Energy Partners LP (STU:SEZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Spectra Energy Partners LP (STU:SEZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.spectraenergypartners.com

Spectra Energy Partners is a master limited partnership that is majority owned by its general partner and corporate parent, Enbridge, a Canadian energy company. SEP owns more than 15,000 miles of natural gas and oil pipelines in the U.S. and Canada. It also owns 170 billion cubic feet of gas storage and 5.6 million barrels of crude oil storage, as well as gas- and oil-gathering facilities.

Spectra Energy Partners LP (STU:SEZ) Headlines

No Headlines