What is El Paso Pipeline Partners LP ROC (Joel Greenblatt) %?
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. El Paso Pipeline Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2014 was 13.99%.
The historical rank and industry rank for El Paso Pipeline Partners LP's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:3EP1'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.8 Med: 14.92 Max: 26.88
Current: 14.79
During the past 11 years, El Paso Pipeline Partners LP's highest ROC (Joel Greenblatt) % was 26.88%. The lowest was 10.80%. And the median was 14.92%.
El Paso Pipeline Partners LP's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.90% per year.
El Paso Pipeline Partners LP ROC (Joel Greenblatt) % Historical Data
The historical data trend for El Paso Pipeline Partners LP's ROC (Joel Greenblatt) % 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.
El Paso Pipeline Partners LP ROC (Joel Greenblatt) % Chart
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El Paso Pipeline Partners LP Annual Data
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Trend |
Dec04 |
Dec05 |
Dec06 |
Dec07 |
Dec08 |
Dec09 |
Dec10 |
Dec11 |
Dec12 |
Dec13 |
| ROC (Joel Greenblatt) % |
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25.35 |
21.01 |
14.20 |
15.13 |
14.73 |
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El Paso Pipeline Partners LP Quarterly Data
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Dec09 |
Mar10 |
Jun10 |
Sep10 |
Dec10 |
Mar11 |
Jun11 |
Sep11 |
Dec11 |
Mar12 |
Jun12 |
Sep12 |
Dec12 |
Mar13 |
Jun13 |
Sep13 |
Dec13 |
Mar14 |
Jun14 |
Sep14 |
| ROC (Joel Greenblatt) % |
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14.23 |
15.26 |
16.38 |
13.69 |
13.99 |
Competitive Comparison of El Paso Pipeline Partners LP's ROC (Joel Greenblatt) %
For the Oil & Gas Midstream subindustry, El Paso Pipeline Partners LP's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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.
El Paso Pipeline Partners LP's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, El Paso Pipeline Partners LP's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where El Paso Pipeline Partners LP's ROC (Joel Greenblatt) % falls into.
El Paso Pipeline Partners LP ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
| ROC (Joel Greenblatt) % | = | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) |
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of El Paso Pipeline Partners LP for the quarter that ended in Sep. 2014 can be restated as:
Note:
The EBIT data used here is four times the quarterly (Sep. 2014) EBIT 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.
El Paso Pipeline Partners LP (FRA:3EP1) Business Description
Traded in Other Exchanges
N/A
Address
El Paso Pipeline Partners LP is a Delaware Master Limited Partner formed in 2007. The Company owns and operates interstate natural gas transportation and terminaling facilities. The pipelines that the company owns are WIC, SLNG, Elba Express, SNG, CIG, SLC and CPG. WIC and CIG are interstate pipeline systems serving the Rocky Mountain region. CPG is an interstate pipeline that serves the Rocky Mountain and Midwest regions. SLNG owns the Elba Island LNG storage and regasification terminal near Savannah, Georgia. Elba Express and SNG are interstate pipeline systems serving the southeastern region of the U.S. SNG is comprised of pipelines extending from natural gas supply basins in Texas, Louisiana, Mississippi and Alabama to market areas in Louisiana, Mississippi, Alabama, Florida, Georgia, South Carolina and Tennessee, including the metropolitan areas of Atlanta and Birmingham. SNG owns pipeline facilities serving southeastern markets in Alabama, Georgia and South Carolina. CIG is comprised of pipelines that deliver natural gas from production areas in the Rocky Mountains and the Anadarko Basin directly to customers in Colorado, Wyoming and indirectly to the Midwest, Southwest, California and Pacific Northwest. CIG also owns interests in five storage facilities located in Colorado and Kansas and one natural gas processing plant located in Wyoming. WIC is comprised of a mainline system that extends from western Wyoming to northeast Colorado (the Cheyenne Hub) and several lateral pipeline systems that extend from various interconnections along the WIC mainline into western Colorado, northeast Wyoming and eastern Utah. WIC owns interstate natural gas transportation systems providing takeaway capacity from the mature Overthrust, Piceance, Uinta, Powder River and Green River Basins. CPG is a pipeline system that extends from Cheyenne Hub in Weld County, Colorado and extends southerly to a variety of delivery points in the vicinity of the Greensburg Hub in Kiowa County, Kansas. CPG provides pipeline takeaway capacity from the natural gas basins in the Central Rocky Mountain area to the major natural gas markets in the Mid-Continent region. Elba Express owns the Elba Express pipeline that is capable of transporting natural gas supplies in a northerly direction from the Elba Island LNG terminal to markets in the southeastern and eastern U.S. or transporting natural gas in a southerly direction from interconnections with Transcontinental pipeline to markets located on Elba Express or to interconnections between Elba Express and SNG, Carolina Gas Transmission and SLNG. SLNG owns the Elba Island LNG receiving terminal, located near Savannah, Georgia. The Elba Island LNG terminal is one of nine land-based terminal facilities in the U.S. capable of providing domestic storage and vaporization services to international producers of LNG. The Company faces competition from other existing and proposed pipelines and LNG facilities, as well as from a
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