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DHL Group (DHL Group) ROC (Joel Greenblatt) % : 20.54% (As of Dec. 2023)


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What is DHL Group 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. DHL Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.54%.

The historical rank and industry rank for DHL Group's ROC (Joel Greenblatt) % or its related term are showing as below:

DHLGY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.61   Med: 31.91   Max: 42.44
Current: 21.9

During the past 13 years, DHL Group's highest ROC (Joel Greenblatt) % was 42.44%. The lowest was 20.61%. And the median was 31.91%.

DHLGY's ROC (Joel Greenblatt) % is ranked better than
71.86% of 970 companies
in the Transportation industry
Industry Median: 12.6 vs DHLGY: 21.90

DHL Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.20% per year.


DHL Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for DHL Group'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.

* Premium members only.

DHL Group ROC (Joel Greenblatt) % Chart

DHL Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.38 23.18 32.64 30.91 22.01

DHL Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.04 23.66 24.29 19.76 20.54

Competitive Comparison of DHL Group's ROC (Joel Greenblatt) %

For the Integrated Freight & Logistics subindustry, DHL Group'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.


DHL Group's ROC (Joel Greenblatt) % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, DHL Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where DHL Group's ROC (Joel Greenblatt) % falls into.



DHL Group 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.

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11089.648 + 1150.48 + 4037.353) - (9357.524 + 0 + 11934.899)
=-5014.942

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10426.39 + 1152.672 + 5090.512) - (11470.011 + 0 + 7172.301)
=-1972.738

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of DHL Group for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6591.056/( ( (31514.408 + max(-5014.942, 0)) + (32669.575 + max(-1972.738, 0)) )/ 2 )
=6591.056/( ( 31514.408 + 32669.575 )/ 2 )
=6591.056/32091.9915
=20.54 %

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


DHL Group  (OTCPK:DHLGY) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


DHL Group ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of DHL Group's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


DHL Group (DHL Group) Business Description

Address
Platz der Deutschen Post, Bonn, NW, DEU, 53250
Based in Germany, DHL Group ranks among the largest parcel-shipping and third-party logistics providers globally. Its DHL divisions (international express shipping, air and ocean freight forwarding, contract logistics, and e-commerce solutions) generated 83% of revenue in 2022. Roughly 17% of revenue comes from the Post and Parcel Germany division, which includes the legacy postal business and the German small-package delivery business.

DHL Group (DHL Group) Headlines

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