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QEP Midstream Partners LP (FRA:1QM) Return-on-Tangible-Equity : 24.97% (As of Mar. 2015)


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What is QEP Midstream Partners LP Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. QEP Midstream Partners LP's annualized net income for the quarter that ended in Mar. 2015 was €77.6 Mil. QEP Midstream Partners LP's average shareholder tangible equity for the quarter that ended in Mar. 2015 was €310.8 Mil. Therefore, QEP Midstream Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2015 was 24.97%.

The historical rank and industry rank for QEP Midstream Partners LP's Return-on-Tangible-Equity or its related term are showing as below:

FRA:1QM' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.92   Med: 11.92   Max: 29.79
Current: 14.64

During the past 4 years, QEP Midstream Partners LP's highest Return-on-Tangible-Equity was 29.79%. The lowest was 7.92%. And the median was 11.92%.

FRA:1QM's Return-on-Tangible-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 8.05 vs FRA:1QM: 14.64

QEP Midstream Partners LP Return-on-Tangible-Equity Historical Data

The historical data trend for QEP Midstream Partners LP's Return-on-Tangible-Equity 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.

QEP Midstream Partners LP Return-on-Tangible-Equity Chart

QEP Midstream Partners LP Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Return-on-Tangible-Equity
13.35 14.94 3.96 12.65

QEP Midstream Partners LP Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.98 8.35 13.64 16.97 24.97

Competitive Comparison of QEP Midstream Partners LP's Return-on-Tangible-Equity

For the Oil & Gas Midstream subindustry, QEP Midstream Partners LP's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


QEP Midstream Partners LP's Return-on-Tangible-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, QEP Midstream Partners LP's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where QEP Midstream Partners LP's Return-on-Tangible-Equity falls into.



QEP Midstream Partners LP Return-on-Tangible-Equity Calculation

QEP Midstream Partners LP's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2014 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2014 )  (A: Dec. 2013 )(A: Dec. 2014 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2014 )  (A: Dec. 2013 )(A: Dec. 2014 )
=40.55/( (352.006+289.04 )/ 2 )
=40.55/320.523
=12.65 %

QEP Midstream Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2015 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2015 )  (Q: Dec. 2014 )(Q: Mar. 2015 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2015 )  (Q: Dec. 2014 )(Q: Mar. 2015 )
=77.616/( (289.04+332.64)/ 2 )
=77.616/310.84
=24.97 %

* 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 calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2015) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


QEP Midstream Partners LP  (FRA:1QM) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


QEP Midstream Partners LP Return-on-Tangible-Equity Related Terms

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QEP Midstream Partners LP (FRA:1QM) Business Description

Traded in Other Exchanges
N/A
Address
QEP Midstream Partners LP provides gathering, compression and transportation services to producers and users of natural gas and crude oil. Its assets consist of ownership interests in four gathering systems and two FERC-regulated pipelines. Its assets are located in the Green River Basin located in Wyoming and Colorado, the Uinta Basin located in eastern Utah, and the portion of the Williston Basin located in North Dakota. The company derives revenues from the fee-based agreements.

QEP Midstream Partners LP (FRA:1QM) Headlines

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