GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Vinacomin - Power Holding Corp (HSTC:DTK) » Definitions » ROC (Joel Greenblatt) %

Vinacomin - Power Holding (HSTC:DTK) ROC (Joel Greenblatt) % : 11.67% (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Vinacomin - Power Holding 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. Vinacomin - Power Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.67%.

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

HSTC:DTK' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.28   Med: 8.36   Max: 9.33
Current: 8.28

During the past 3 years, Vinacomin - Power Holding's highest ROC (Joel Greenblatt) % was 9.33%. The lowest was 8.28%. And the median was 8.36%.

HSTC:DTK's ROC (Joel Greenblatt) % is ranked better than
54.17% of 432 companies
in the Utilities - Independent Power Producers industry
Industry Median: 7.515 vs HSTC:DTK: 8.28

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


Vinacomin - Power Holding ROC (Joel Greenblatt) % Historical Data

The historical data trend for Vinacomin - Power Holding'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.

Vinacomin - Power Holding ROC (Joel Greenblatt) % Chart

Vinacomin - Power Holding Annual Data
Trend Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
9.33 8.35 8.36

Vinacomin - Power Holding Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 13.73 10.03 3.98 7.70 11.67

Competitive Comparison of Vinacomin - Power Holding's ROC (Joel Greenblatt) %

For the Utilities - Renewable subindustry, Vinacomin - Power Holding'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.


Vinacomin - Power Holding's ROC (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Vinacomin - Power Holding's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Vinacomin - Power Holding's ROC (Joel Greenblatt) % falls into.



Vinacomin - Power Holding 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4210645.232 + 314040.745 + 171569.381) - (3228333.517 + 0 + 43206.977)
=1424714.864

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4074179.465 + 363791.289 + 167283.045) - (3080922.613 + 0 + 199571.254)
=1324759.932

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Vinacomin - Power Holding for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1271822.344/( ( (9667905.444 + max(1424714.864, 0)) + (9384900.998 + max(1324759.932, 0)) )/ 2 )
=1271822.344/( ( 11092620.308 + 10709660.93 )/ 2 )
=1271822.344/10901140.619
=11.67 %

Note: The EBIT data used here is four times the quarterly (Mar. 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.


Vinacomin - Power Holding  (HSTC:DTK) 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.


Vinacomin - Power Holding ROC (Joel Greenblatt) % Related Terms

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


Vinacomin - Power Holding (HSTC:DTK) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No 78 Duy Tan street, Dich Vong Hiep ward, 2 floor, Sannam building, Cau Giay district, Ha Noi, VNM
Vinacomin - Power Holding Corp is engaged in production, transmission, and selling of electricity. The company invests, constructs, exploits and operates thermal power plants, hydropower plants, electricity using new energy, renewable energy and power grids, power supply systems.

Vinacomin - Power Holding (HSTC:DTK) Headlines

No Headlines