GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rubellite Energy Inc (FRA:6L0) » Definitions » ROC (Joel Greenblatt) %

Rubellite Energy (FRA:6L0) ROC (Joel Greenblatt) % : 25.60% (As of Jun. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Rubellite 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. Rubellite Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 25.60%.

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

FRA:6L0' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1   Med: 8.11   Max: 17.5
Current: 17.5

During the past 3 years, Rubellite Energy's highest ROC (Joel Greenblatt) % was 17.50%. The lowest was 1.00%. And the median was 8.11%.

FRA:6L0's ROC (Joel Greenblatt) % is ranked better than
68.5% of 1019 companies
in the Oil & Gas industry
Industry Median: 9.63 vs FRA:6L0: 17.50

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


Rubellite Energy ROC (Joel Greenblatt) % Historical Data

The historical data trend for Rubellite 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.

Rubellite Energy ROC (Joel Greenblatt) % Chart

Rubellite Energy Annual Data
Trend Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
1.00 8.12 14.14

Rubellite Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.99 10.64 41.07 -6.86 25.60

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

For the Oil & Gas E&P subindustry, Rubellite 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.


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

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

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



Rubellite 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.337 + 0.642 + 0.492) - (14.005 + 0 + 3.559)
=-9.093

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.287 + 1.025 + 0.446) - (22.097 + 0 + 0.941)
=-13.28

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Rubellite Energy for the quarter that ended in Jun. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=42.776/( ( (162.16 + max(-9.093, 0)) + (171.988 + max(-13.28, 0)) )/ 2 )
=42.776/( ( 162.16 + 171.988 )/ 2 )
=42.776/167.074
=25.60 %

Note: The EBIT data used here is four times the quarterly (Jun. 2024) 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.


Rubellite Energy  (FRA:6L0) 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.


Rubellite Energy ROC (Joel Greenblatt) % Related Terms

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


Rubellite Energy Business Description

Traded in Other Exchanges
Address
605 5 Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 3H5
Rubellite Energy Inc is a Canadian energy company. The company is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The company is also engaged in the production of conventional heavy crude oil from the Clearwater Formation in Eastern Alberta, The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.

Rubellite Energy Headlines

No Headlines