10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
NGL Energy Partners LP's 10-Year ROIIC % for the quarter that ended in Mar. 2023 was 10.58%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for NGL Energy Partners LP's 10-Year ROIIC % or its related term are showing as below:
NGL's 10-Year ROIIC % is ranked better than 63.91% of 992
companies
in the Oil & Gas industry
Industry Median: 4.83
vs NGL: 10.58
NGL Energy Partners LP 10-Year ROIIC % Historical Data
The historical data trend for NGL Energy Partners LP's 10-Year ROIIC % 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.
Competitive Comparison of NGL Energy Partners LP's 10-Year ROIIC %
For the Oil & Gas Midstream subindustry, NGL Energy Partners LP's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NGL Energy Partners LP's 10-Year ROIIC % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where NGL Energy Partners LP's 10-Year ROIIC % falls into.
NGL Energy Partners LP 10-Year ROIIC % Calculation
NGL Energy Partners LP's 10-Year ROIIC % for the quarter that ended in Mar. 2023 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
NGL Energy Partners LP (NYSE:NGL) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
NGL Energy Partners LP 10-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of NGL Energy Partners LP's 10-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
NGL Energy Partners LP (NGL Energy Partners LP) Business Description
NGL Energy Partners LP is a us-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 storage terminals, and 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.
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