GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Arif Habib Corp Ltd (KAR:AHCL) » Definitions » ROC (Joel Greenblatt) %

Arif Habib (KAR:AHCL) ROC (Joel Greenblatt) % : 30.52% (As of Mar. 2024)


View and export this data going back to 2001. Start your Free Trial

What is Arif Habib 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. Arif Habib's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 30.52%.

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

KAR:AHCL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.06   Med: 45.65   Max: 101.43
Current: 42.77

During the past 13 years, Arif Habib's highest ROC (Joel Greenblatt) % was 101.43%. The lowest was 12.06%. And the median was 45.65%.

KAR:AHCL's ROC (Joel Greenblatt) % is ranked better than
89.81% of 432 companies
in the Utilities - Independent Power Producers industry
Industry Median: 7.635 vs KAR:AHCL: 42.77

Arif Habib's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 16.10% per year.


Arif Habib ROC (Joel Greenblatt) % Historical Data

The historical data trend for Arif Habib'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.

Arif Habib ROC (Joel Greenblatt) % Chart

Arif Habib Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.06 27.46 54.89 30.71 36.41

Arif Habib Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 19.54 0.95 66.57 67.60 30.52

Competitive Comparison of Arif Habib's ROC (Joel Greenblatt) %

For the Utilities - Renewable subindustry, Arif Habib'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.


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

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

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



Arif Habib 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7223.138 + 0 + 135.376) - (2933.026 + 0 + 0.0010000000002037)
=4425.487

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5630.026 + 0 + 620.929) - (6770.607 + 0 + 0)
=-519.652

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Arif Habib 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: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6065.532/( ( (18167.182 + max(4425.487, 0)) + (17160.193 + max(-519.652, 0)) )/ 2 )
=6065.532/( ( 22592.669 + 17160.193 )/ 2 )
=6065.532/19876.431
=30.52 %

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.


Arif Habib  (KAR:AHCL) 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.


Arif Habib ROC (Joel Greenblatt) % Related Terms

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


Arif Habib (KAR:AHCL) Business Description

Traded in Other Exchanges
N/A
Address
23 M.T. Khan Road, Arif Habib Centre, 2nd Floor, Karachi, SD, PAK, 74000
Arif Habib Corp Ltd generates and sells electricity in Pakistan. It is also engaged in providing equity and debt brokerage, as well as corporate finance services to institutional, corporate, high-net-worth, and retail clients. Its segments are Capital market operations; Brokerage; Energy Development, and Others. The firm generates the majority of revenue from the Energy segment. The Energy segment is engaged in energy development. The brokerage segment is engaged in brokerage, underwriting, corporate consultancy, research, and corporate finance services. Capital market operations segment is engaged in trading of equity securities and maintaining strategic and trading portfolios. Others include assets of RCPL.

Arif Habib (KAR:AHCL) Headlines

No Headlines