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Trilogy Energy (Trilogy Energy) ROC (Joel Greenblatt) % : 17.70% (As of Jun. 2017)


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What is Trilogy Energy 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. Trilogy Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was 17.70%.

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

TETZF's ROC (Joel Greenblatt) % is not ranked *
in the Oil & Gas industry.
Industry Median: 10.57
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Trilogy Energy ROC (Joel Greenblatt) % Historical Data

The historical data trend for Trilogy Energy'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.

Trilogy Energy ROC (Joel Greenblatt) % Chart

Trilogy Energy Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.04 4.74 5.94 -9.97 -8.67

Trilogy Energy Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 -11.12 -6.31 -6.14 7.36 17.70

Competitive Comparison of Trilogy Energy's ROC (Joel Greenblatt) %

For the Oil & Gas E&P subindustry, Trilogy Energy'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.


Trilogy Energy's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry

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

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



Trilogy Energy 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: Mar. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 33.777) - (54.277 + 0 + 5.586)
=-26.086

Working Capital(Q: Jun. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 9.14) - (40.342 + 0 + 0)
=-31.202

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Trilogy Energy for the quarter that ended in Jun. 2017 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2017  Q: Jun. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=131.636/( ( (759.706 + max(-26.086, 0)) + (727.526 + max(-31.202, 0)) )/ 2 )
=131.636/( ( 759.706 + 727.526 )/ 2 )
=131.636/743.616
=17.70 %

Note: The EBIT data used here is four times the quarterly (Jun. 2017) 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.


Trilogy Energy  (OTCPK:TETZF) 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.


Trilogy Energy ROC (Joel Greenblatt) % Related Terms

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Trilogy Energy (Trilogy Energy) Business Description

Traded in Other Exchanges
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Address
Trilogy Energy Corp is a petroleum and natural gas energy company that develops, produces and sells natural gas, crude oil and natural gas liquids. Its petroleum and natural gas extractive operations are situated in the Province of Alberta. The Company's geographical assets include working interest properties that provide low-risk infill drilling opportunities and good access to infrastructure and processing facilities, which are operated and controlled by the Company. Its properties include Presley Montney Gas Development, Kaybob, Kaybob Montney Oil Pool Development, Duvernay Shale Oil/Gas Development, Dunvegan Oil Play and Grande Prairie.

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