Crestwood Equity Partners LP (Crestwood Equity Partners LP) ROCE % : 4.67% (As of Sep. 2023)

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What is Crestwood Equity 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. Crestwood Equity Partners LP's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.67%.

Crestwood Equity Partners LP ROCE % Historical Data

The historical data trend for Crestwood Equity 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.

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Crestwood Equity Partners LP ROCE % Chart

Crestwood Equity Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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4.30

9.73

2.41

2.18

5.08

Crestwood Equity Partners LP Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															0.41	6.99	6.51	14.01	4.67

Crestwood Equity Partners LP ROCE % Calculation

Crestwood Equity Partners LP's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	251.8	/	( ( (4445.7 - 598.4)	+	(6567 - 510.2) )	/ 2 )
	=	251.8	/	( (3847.3	+	6056.8)	/ 2 )
	=	251.8	/	4952.05
	=	5.08 %

Crestwood Equity Partners LP's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	276.8	/	( ( (6306.5 - 364.1)	+	(6359.8 - 458.1) )	/ 2 )
	=	276.8	/	( ( 5942.4	+	5901.7 )	/ 2 )
	=	276.8	/	5922.05
	=	4.67 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Crestwood Equity Partners LP (NYSE:CEQP) 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.

Crestwood Equity Partners LP ROCE % Related Terms

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Crestwood Equity Partners LP (Crestwood Equity Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Crestwood Equity Partners LP (NYSE:CEQP) » Definitions » ROCE %

Comparable Companies

PAGP STNG HEP INSW GLNG NS HESM VNOM ETRN KNTK TSX:ENB EPD WMB ET LNG OKE KMI MPLX TSX:TRP CQP

Traded in Other Exchanges

N/A

Address

811 Main Street, Suite 3400, Houston, TX, USA, 77002

Website

https://www.crestwoodlp.com

Crestwood Equity Partners LP develops, acquires, owns or controls, and operates fee-based assets and operations within the energy midstream sector. The company has a diversified portfolio of crude oil and natural gas gathering, processing, storage, and transportation assets that connect fundamental energy supply with energy demand across North America. It has three reporting segments: Gathering and Processing North, Gathering, and Processing South, and Storage and Logistics. The company serves various producers in unconventional shale plays located across the United States. It generates maximum revenue from the Gathering and Processing North division.

Executives

Clay C Williams	director
Jeffrey M Cathey	officer: SVP, Controller	2440 PERSHING ROAD, SUITE 600, KANSAS CITY MO 64108
Black John William Iii	officer: EVP, Chief Financial Officer	811 MAIN STREET, SUITE 3400, HOUSTON TX 77002
Diaco Aviki	officer: EVP, Chief Operating Officer	811 MAIN STREET, SUITE 3400, HOUSTON TX 77002
Frances M Vallejo	director	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
David Lumpkins	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
William H. Moore	officer: EVP - Corporate Strategy	TWO BRUSH CREEK BOULEVARD, SUITE 200, KANSAS CITY MO 64112
Halpin Robert Thornbury Iii	officer: President	CRESTWOOD MIDSTREAM PARTNERS LP, 717 TEXAS AVENUE, STE 3150, HOUSTON TX 77002
Joel Christian Lambert	officer: EVP, Legal, Safety Compliance	600 TRAVIS STREET, SUITE 6000, HOUSTON TX 77002
Robert G Phillips	director, officer: Founder, Chairman & CEO	2727 NORTH LOOP WEST, HOUSTON TX 77008
Janeen S Judah	director	10713 WEST SAM HOUSTON PARKWAY N, SUITE 800, HOUSTON TX 77064
Angela A Minas	director	3262 WESTHEIMER ROAD #627, HOUSTON TX 77098
Warren H Gfeller	director
Oasis Petroleum Inc.	10 percent owner	1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Gary Duane Reaves	director	ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830