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Navana CNG (DHA:NAVANACNG) ROC (Joel Greenblatt) % : 4.55% (As of Dec. 2023)


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What is Navana CNG 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. Navana CNG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.55%.

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

DHA:NAVANACNG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.25   Med: 6.87   Max: 24.05
Current: 4.26

During the past 13 years, Navana CNG's highest ROC (Joel Greenblatt) % was 24.05%. The lowest was 4.25%. And the median was 6.87%.

DHA:NAVANACNG's ROC (Joel Greenblatt) % is ranked worse than
81.59% of 516 companies
in the Utilities - Regulated industry
Industry Median: 11.16 vs DHA:NAVANACNG: 4.26

Navana CNG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -11.20% per year.


Navana CNG ROC (Joel Greenblatt) % Historical Data

The historical data trend for Navana CNG'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.

Navana CNG ROC (Joel Greenblatt) % Chart

Navana CNG Annual Data
Trend Mar13 Mar14 Mar15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.80 6.08 4.39 4.25 4.28

Navana CNG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.63 4.88 2.83 4.76 4.55

Competitive Comparison of Navana CNG's ROC (Joel Greenblatt) %

For the Utilities - Regulated Gas subindustry, Navana CNG'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.


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

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

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



Navana CNG 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)
=(1905.6 + 2940.989 + 1712.303) - (55.948 + 0 + 600.255)
=5902.689

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1896.857 + 3047.333 + 1747.035) - (98.372 + 0 + 588.583)
=6004.27

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Navana CNG for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=559.72/( ( (6380.664 + max(5902.689, 0)) + (6311.602 + max(6004.27, 0)) )/ 2 )
=559.72/( ( 12283.353 + 12315.872 )/ 2 )
=559.72/12299.6125
=4.55 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.


Navana CNG  (DHA:NAVANACNG) 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.


Navana CNG ROC (Joel Greenblatt) % Related Terms

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Navana CNG (DHA:NAVANACNG) Business Description

Traded in Other Exchanges
N/A
Address
205-207, Tejgaon Industrial Area, Dhaka, BGD, 1208
Navana CNG Ltd is engaged in converting petrol and diesel-driven vehicles to compressed natural gas (CNG) driven vehicles, CNG refueling stations, and other related services. The company also focuses on re-testing facilities, package maintenance programs, and manufacturing polymer, plastic, polyethylene, and tubes. Its operating segment includes a Conversion Workshop and CNG & LPG Station. The company generates maximum revenue from the CNG Station segment.

Navana CNG (DHA:NAVANACNG) Headlines

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