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SEACOR Holdings (SEACOR Holdings) ROC (Joel Greenblatt) % : 7.05% (As of Dec. 2020)


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What is SEACOR Holdings 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. SEACOR Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was 7.05%.

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

CKH's ROC (Joel Greenblatt) % is not ranked *
in the Oil & Gas industry.
Industry Median: 10.58
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

SEACOR Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


SEACOR Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for SEACOR Holdings'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.

SEACOR Holdings ROC (Joel Greenblatt) % Chart

SEACOR Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.77 7.42 13.58 6.93 4.04

SEACOR Holdings Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 2.69 -1.31 7.26 3.99 7.05

Competitive Comparison of SEACOR Holdings's ROC (Joel Greenblatt) %

For the Oil & Gas Equipment & Services subindustry, SEACOR Holdings'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.


SEACOR Holdings's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, SEACOR Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



SEACOR Holdings 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. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(196.076 + 3.871 + 7.4830000000001) - (58.64 + 0 + 78.908)
=69.882

Working Capital(Q: Dec. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(246.911 + 2.933 + 9.734) - (82.596 + 0 + 49.32)
=127.662

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of SEACOR Holdings for the quarter that ended in Dec. 2020 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2020  Q: Dec. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=70.912/( ( (904.02 + max(69.882, 0)) + (911.289 + max(127.662, 0)) )/ 2 )
=70.912/( ( 973.902 + 1038.951 )/ 2 )
=70.912/1006.4265
=7.05 %

Note: The EBIT data used here is four times the quarterly (Dec. 2020) 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.


SEACOR Holdings  (NYSE:CKH) 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.


SEACOR Holdings ROC (Joel Greenblatt) % Related Terms

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


SEACOR Holdings (SEACOR Holdings) Business Description

Traded in Other Exchanges
N/A
Address
2200 Eller Drive, P.O. Box 13038, Fort Lauderdale, FL, USA, 33316
SEACOR Holdings Inc owns, operates, invests, and markets equipment primarily to the offshore oil and gas, shipping, and logistics industries. The company's reporting segments include Ocean Transportation and Logistics Services that owns and operates a diversified fleet of marine transportation, towing and bunkering assets, including U.S. coastwise eligible vessels and vessels trading internationally, Inland Transportation and Logistics Services that operates domestic river transportation equipment, and owns fleeting and high-speed multi-modal terminal locations, Witt O'Brien's provides resilience solutions for the public and private sectors and Other segments. The company generates a majority of its revenue from the Ocean services segment.
Executives
Charles Fabrikant director, officer: Executive Chairman and CEO C/O SEACOR HOLDINGS INC., 2200 ELLER DRIVE, PO BOX 13038, FORT LAUDERDALE FL 33316
Oivind Lorentzen director C/O SEACOR SMIT, INC., 460 PARK AVENUE 12TH FLOOR, NEW YORK NY 10022
Bruce Weins officer: SVP/Chief Financial Officer C/O SEACOR HOLDINGS INC. 2200 ELLER DRIVE, PO BOX 13038 FORT LAUDERDALE FL 33316
Eric Fabrikant officer: Chief Operating Officer 2200 ELLER DRIVE, PO BOX 13038, FORT LAUDERDALE FL 33316
William C Long officer: EVP, CLO and Secretary 15415 KATY FREEWAY STE 100, HOUSTON TX 77094
David R Berz director C/O SEACOR HOLDINGS INC. 2200 ELLER DRIVE, PO BOX 13038 FORT LAUDERDALE FL 33316
Christopher Pashalis Papouras director 818 TOWN AND COUNTRY BOULEVARD 200, HOUSTON TX 77024
David M Schizer director C/O SEACOR HOLDINGS INC. 2200 ELLER DRIVE, PO BOX 13038 FORT LAUDERDALE FL 33316
Gail Block Harris director EVERCORE PARTNERS INC., 55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Demandolx Pierre De director C/O SEACOR HOLDINGS INC. 2200 ELLER DRIVE, PO BOX 13038 FORT LAUDERDALE FL 33316
John M Gellert officer: Chief Operating Officer C/O SEACOR HOLDINGS, 460 PARK AVENUE, NEW YORK NY 10022
Matthew Cenac officer: EVP/Chief Financial Officer C/O SEACOR HOLDINGS INC., 2200 ELLER DRIVE, PO BOX 13038, FORT LAUDERDALE FL 33316
Andrew R Morse director 34 PLEASANT RIDGE RD, HARRISON NY 10528
Robert Christopher Regan director 318 MT. HOLLY ROAD, KATONAH NY 10536
Steven J Wisch director SEACOR SMIT INC 11200 RICHMOND AVE STE 400 HOUSTON TX 77082