What is Westlake Chemical 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. Westlake Chemical Partners LP's annualized net income for the quarter that ended in Mar. 2024 was $59 Mil. Westlake Chemical Partners LP's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $273 Mil. Therefore, Westlake Chemical Partners LP's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 21.71%.
The historical rank and industry rank for Westlake Chemical Partners LP's Return-on-Tangible-Equity or its related term are showing as below:
WLKP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.11 Med: 24.84 Max: 46.19
Current: 19.55
During the past 13 years, Westlake Chemical Partners LP's highest Return-on-Tangible-Equity was 46.19%. The lowest was 5.11%. And the median was 24.84%.
WLKP's Return-on-Tangible-Equity is ranked better than 86.78% of 1520
companies
in the Chemicals industry
Industry Median: 5.855
vs WLKP: 19.55
Westlake Chemical Partners LP Return-on-Tangible-Equity Historical 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.
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Westlake Chemical Partners LP Return-on-Tangible-Equity Chart
Competitive Comparison of Westlake Chemical Partners LP's Return-on-Tangible-Equity
For the Chemicals subindustry, Westlake Chemical 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.
Westlake Chemical Partners LP's Return-on-Tangible-Equity Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Westlake Chemical Partners LP's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Westlake Chemical Partners LP's Return-on-Tangible-Equity falls into.
Westlake Chemical Partners LP Return-on-Tangible-Equity Calculation
Westlake Chemical Partners LP's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Westlake Chemical Partners LP (NYSE:WLKP) 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.
Westlake Chemical Partners LP Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Westlake Chemical Partners LP's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Westlake Chemical Partners LP (Westlake Chemical Partners LP) Business Description
Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develop ethyelene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.
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