Teekay LNG Partners LP ROCE
What is the ROCE of Teekay LNG Partners LP?
The ROCE of Teekay LNG Partners LP is 6.22%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Industrials sector on NYSE compared to Teekay LNG Partners LP
What does Teekay LNG Partners LP do?
Teekay LNG is one of the world's largest independent owners and operators of LNG carriers, providing LNG and LPG services primarily under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 23 mid-size LPG carriers, and seven multi-gas carriers. The Partnership's ownership interests in these vessels range from 20 to 100 percent. In addition, the Partnership owns a 30 percent interest in a regasification terminal. Teekay LNG is a publicly-traded master limited partnership formed by Teekay Corporation as part of its strategy to expand its operations in the LNG and LPG shipping sectors.
Companies with roce similar to Teekay LNG Partners LP
- IEC Electronics has ROCE of 6.20%
- IEC Electronics has ROCE of 6.20%
- CIMC Vehicles () Co Ltd has ROCE of 6.21%
- Consumer Portfolio Service has ROCE of 6.21%
- Equity Residential Properties Trust has ROCE of 6.21%
- Pembina Pipeline has ROCE of 6.21%
- Teekay LNG Partners LP has ROCE of 6.22%
- CoreCivic Inc has ROCE of 6.23%
- Coherent Corp has ROCE of 6.23%
- Amcon Distributing has ROCE of 6.23%
- EIH has ROCE of 6.24%
- GAIN Capital has ROCE of 6.24%
- AGF Management has ROCE of 6.24%