GURUFOCUS.COM » STOCK LIST » USA » NAS » Telesat Corp (NAS:TSAT) » Definitions » ROC (Joel Greenblatt) %
Switch to:

Telesat ROC (Joel Greenblatt) %

: 30.85% (As of Dec. 2021)
View and export this data going back to 2021. Start your Free Trial

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. Telesat's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was 30.85%.

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

TSAT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 30.84   Med: 32.3   Max: 33.75
Current: 30.84

During the past 3 years, Telesat's highest ROC (Joel Greenblatt) % was 33.75%. The lowest was 30.84%. And the median was 32.30%.

TSAT's ROC (Joel Greenblatt) % is ranked better than
76.89% of 2393 companies
in the Hardware industry
Industry Median: 13.33 vs TSAT: 30.84

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


Telesat ROC (Joel Greenblatt) % Historical Data

The historical data trend for Telesat'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.

Telesat Annual Data
Trend Dec19 Dec20 Dec21
ROC (Joel Greenblatt) %
- 33.75 30.85

Telesat Semi-Annual Data
Dec19 Dec20 Dec21
ROC (Joel Greenblatt) % - 33.75 30.85

Competitive Comparison

For the Communication Equipment subindustry, Telesat'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.

   

Telesat ROC (Joel Greenblatt) % Distribution

For the Hardware industry and Technology sector, Telesat's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Telesat 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. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31.31470060114 + 4.0783823873839 + 11.336560231087) - (39.642438910141 + 63.829338746194 + 21.436489967991)
=-78.178624404716

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.6421875 + 13.2671875 + 18.8140625) - (63.57734375 + 61.06015625 + 15.9921875)
=-33.90625

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Telesat for the quarter that ended in Dec. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2020  Q: Dec. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=331.35390625/( ( (1029.3746584433 + max(-78.178624404716, 0)) + (1118.57421875 + max(-33.90625, 0)) )/ 2 )
=331.35390625/( ( 1029.3746584433 + 1118.57421875 )/ 2 )
=331.35390625/1073.9744385966
=30.85 %

Note: The EBIT data used here is one times the annual (Dec. 2021) 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.


Telesat  (NAS:TSAT) 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.


Telesat ROC (Joel Greenblatt) % Related Terms

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


Telesat Business Description

Telesat logo
Industry
Traded in Other Exchanges
Address
160 Elgin Street, Ottawa, ON, CAN, K2P 2P7
Telesat Corp is a global satellite operator, providing its customers with mission-critical communications services. The company's segment includes Broadcast; Enterprise and Consulting and other. It generates maximum revenue from the Broadcast segment. The Broadcast segment includes Direct-to-home television, video distribution and contribution, and occasional use services. Geographically, it derives a majority of revenue from Canada.
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)