Market Cap : 10.87 B | Enterprise Value : 15.89 B | PE Ratio : 11.20 | PB Ratio : 6.17 |
---|
MMP has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
MMP has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Magellan Midstream Partners LP's Revenue for the three months ended in Jun. 2022 was $789 Mil. Magellan Midstream Partners LP's Total Assets for the quarter that ended in Jun. 2022 was $7,952 Mil. Therefore, Magellan Midstream Partners LP's Asset Turnover for the quarter that ended in Jun. 2022 was 0.10.
Asset Turnover is linked to ROE % through Du Pont Formula. Magellan Midstream Partners LP's annualized ROE % for the quarter that ended in Jun. 2022 was 79.48%. It is also linked to ROA % through Du Pont Formula. Magellan Midstream Partners LP's annualized ROA % for the quarter that ended in Jun. 2022 was 17.80%.
The historical data trend for Magellan Midstream Partners LP's Asset Turnover 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.
Asset Turnover measures how quickly a company turns over its asset through sales.
Magellan Midstream Partners LP's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2021 ) | / | ( (Total Assets (A: Dec. 2020 ) | + | Total Assets (A: Dec. 2021 )) | / count ) |
= | 2733.1 | / | ( (8197 | + | 8030) | / 2 ) |
= | 2733.1 | / | 8113.5 | |||
= | 0.34 |
Magellan Midstream Partners LP's Asset Turnover for the quarter that ended in Jun. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Jun. 2022 ) | / | ( (Total Assets (Q: Mar. 2022 ) | + | Total Assets (Q: Jun. 2022 )) | / count ) |
= | 788.6 | / | ( (8111 | + | 7792.4) | / 2 ) |
= | 788.6 | / | 7951.7 | |||
= | 0.10 |
* 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.
Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.
Asset Turnover is linked to ROE % through Du Pont Formula.
Magellan Midstream Partners LP's annulized ROE % for the quarter that ended in Jun. 2022 is
ROE %** | (Q: Jun. 2022 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 1415.6 | / | 1781.05 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (1415.6 / 3154.4) | * | (3154.4 / 7951.7) | * | (7951.7/ 1781.05) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 44.88 % | * | 0.3967 | * | 4.4646 |
= | ROA % | * | Equity Multiplier | ||
= | 17.80 % | * | 4.4646 | ||
= | 79.48 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2022) net income data. The Revenue data used here is four times the quarterly (Jun. 2022) revenue data.
* 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.
** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.
It is also linked to ROA % through Du Pont Formula:
Magellan Midstream Partners LP's annulized ROA % for the quarter that ended in Jun. 2022 is
ROA % | (Q: Jun. 2022 ) | ||
= | Net Income | / | Total Assets |
= | 1415.6 | / | 7951.7 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (1415.6 / 3154.4) | * | (3154.4 / 7951.7) |
= | Net Margin % | * | Asset Turnover |
= | 44.88 % | * | 0.3967 |
= | 17.80 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2022) net income data. The Revenue data used here is four times the quarterly (Jun. 2022) revenue data.
* 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.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Somasundaram Sivasankaran | director | C/O APERGY CORPORATION 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9 THE WOODLANDS TX 77381 |
Roles Mark B | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
Pearson Michael C | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
Joung Chansoo | director | C/O WARBURG PINCUS LLC 450 LEXINGTON AVENUE NEW YORK NY 10017 |
Holman Jeffrey L | officer: Senior Vice President & CFO | ONE WILLIAMS CENTER TULSA OK 74172 |
Little Melanie A | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172 |
Guay Edward J | director | ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172 |
Gobillot Lori | director | 5103 CITY WEST BLVD. 4TH FLOOR HOUSTON TX 77042 |
Aaronson Michael | officer: Senior Vice President | 16666 NORTHCHASE DRIVE HOUSTON TX 77060 |
Milford Aaron L | officer: Senior Vice President & CFO | ONE WILLIAMS CENTER TULSA OK 74172 |
Methvin Stacy P. | director | 777 HIDDEN RIDGE IRVING TX 75038 |
Barnes Robert L | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
Osborne Michael P | officer: Senior VP & CFO | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
May Douglas J | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 4100 TULSA OK 74172 |
Davied Larry J | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172 |
From GuruFocus
Other Sources
By Zacks 2021-11-03
By Zacks 2022-03-04
By Seekingalpha 2022-01-03
By tipranks.com 2022-04-03
By Seekingalpha 2022-01-03
By tipranks.com 2022-02-09
By Zacks 2022-01-31