Altus Midstream Co (Altus Midstream Co) ROCE % : -10.04% (As of Dec. 2021)

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What is Altus Midstream Co 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. Altus Midstream Co's annualized ROCE % for the quarter that ended in Dec. 2021 was -10.04%.

Altus Midstream Co ROCE % Historical Data

The historical data trend for Altus Midstream Co'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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Altus Midstream Co ROCE % Chart

Altus Midstream Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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-0.92

-1.01

-78.24

5.07

6.27

Altus Midstream Co Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
ROCE %	Get a 7-Day Free Trial															13.85	5.52	16.70	11.36	-10.04

Altus Midstream Co ROCE % Calculation

Altus Midstream Co's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	108.652	/	( ( (1799.63 - 29.983)	+	(1724.67 - 27.244) )	/ 2 )
	=	108.652	/	( (1769.647	+	1697.426)	/ 2 )
	=	108.652	/	1733.5365
	=	6.27 %

Altus Midstream Co's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	-177.516	/	( ( (1865.934 - 27.469)	+	(1724.67 - 27.244) )	/ 2 )
	=	-177.516	/	( ( 1838.465	+	1697.426 )	/ 2 )
	=	-177.516	/	1767.9455
	=	-10.04 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.

Altus Midstream Co (NAS:ALTM) 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.

Altus Midstream Co ROCE % Related Terms

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Altus Midstream Co (Altus Midstream Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altus Midstream Co (NAS:ALTM) » Definitions » ROCE %

Comparable Companies

DHT NVGS PBFX INSW SHSE:600617 GLP BROG HKSE:00934 SZSE:002267 OCSE:TRMD A

Traded in Other Exchanges

N/A

Address

2000 Post Oak Boulevard, One Post Oak Central, Suite 100, Houston, TX, USA, 77056-4400

Website

http://www.altusmidstream.com

Altus Midstream Co is the United States-based midstream corporation. Through its consolidated subsidiaries, it owns natural gas gathering, processing, and transmission assets including transmission and gathering pipelines, compressor stations, mechanical refrigeration units, cryogenic units and associated gas treatment facilities in the Permian Basin of West Texas. The majority of the revenue is generated from gas processing services.