GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » SCANA Corp (NYSE:SCG) » Definitions » ROC (Joel Greenblatt) %

SCANA (SCG) ROC (Joel Greenblatt) % : 6.79% (As of Sep. 2018)


View and export this data going back to 1946. Start your Free Trial

What is SCANA 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. SCANA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was 6.79%.

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

SCG's ROC (Joel Greenblatt) % is not ranked *
in the Utilities - Regulated industry.
Industry Median: 11.16
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


SCANA ROC (Joel Greenblatt) % Historical Data

The historical data trend for SCANA'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.

SCANA ROC (Joel Greenblatt) % Chart

SCANA Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.47 8.86 11.21 8.75 1.05

SCANA Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 4.40 -22.75 11.67 3.92 6.79

Competitive Comparison of SCANA's ROC (Joel Greenblatt) %

For the Utilities - Regulated Electric subindustry, SCANA'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.


SCANA's ROC (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, SCANA's ROC (Joel Greenblatt) % distribution charts can be found below:

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



SCANA 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: Jun. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(517 + 286 + 148) - (492 + 151 + 237)
=71

Working Capital(Q: Sep. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(474 + 289 + 120) - (550 + 146 + 136)
=51

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of SCANA for the quarter that ended in Sep. 2018 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2018  Q: Sep. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=744/( ( (10861 + max(71, 0)) + (10941 + max(51, 0)) )/ 2 )
=744/( ( 10932 + 10992 )/ 2 )
=744/10962
=6.79 %

Note: The EBIT data used here is four times the quarterly (Sep. 2018) 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.


SCANA  (NYSE:SCG) 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.


SCANA ROC (Joel Greenblatt) % Related Terms

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


SCANA (SCG) Business Description

Traded in Other Exchanges
N/A
Address
Scana is a holding company engaged primarily in generating, transmitting, and distributing electricity in South Carolina. It also distributes and sells natural gas in portions of North Carolina and South Carolina. Its two utilities serve more than 1 million customers. Through a wholly owned subsidiary, Scana markets natural gas to approximately 450,000 retail customers in Georgia.
Executives
James A Bennett director FIRST CITIZENS BANK, 1230 MAIN STREET, 9TH FLOOR, COLUMBIA SC 20201
D Maybank Hagood director WILLIAM M. BIRD AND CO., INC., P.O. BOX 20040, CHARLESTON SC 29413
John E. Bachman director 77 EXETER STREET, 1809, BOSTON MA 02116
James W Roquemore director C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Sharon A Decker director 4100 COCA COLA PLAZA, CHARLOTTE NC 28211
Gregory E Aliff director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Alfredo Trujillo director
James M Micali director C/O SONOCO PRODUCTS COMPANY, 1 NORTH SECOND STREET, HARTSVILLE SC 29550
Sharon K Jenkins officer: Senior VP - Marketing