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VG (Venture Global) ROC (Joel Greenblatt) % : 10.36% (As of Mar. 2025)


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What is Venture Global 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. Venture Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 10.36%.

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

VG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.92   Med: 32.99   Max: 37.83
Current: 5.92

During the past 4 years, Venture Global's highest ROC (Joel Greenblatt) % was 37.83%. The lowest was 5.92%. And the median was 32.99%.

VG's ROC (Joel Greenblatt) % is ranked worse than
54.99% of 1022 companies
in the Oil & Gas industry
Industry Median: 8.415 vs VG: 5.92

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


Venture Global ROC (Joel Greenblatt) % Historical Data

The historical data trend for Venture Global'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.

Venture Global ROC (Joel Greenblatt) % Chart

Venture Global Annual Data
Trend Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
- 37.83 32.99 10.04

Venture Global Quarterly Data
Dec22 Sep23 Dec23 Mar24 Sep24 Dec24 Mar25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial 2.83 21.37 -3.13 16.31 10.36

Competitive Comparison of Venture Global's ROC (Joel Greenblatt) %

For the Oil & Gas Midstream subindustry, Venture Global'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.


Venture Global's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry

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

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


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Venture Global 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(364 + 171 + 416) - (2879 + 0 + 473)
=-2401

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(640 + 189 + 459) - (2225 + 0 + 406)
=-1343

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Venture Global for the quarter that ended in Mar. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3776/( ( (35277 + max(-2401, 0)) + (37587 + max(-1343, 0)) )/ 2 )
=3776/( ( 35277 + 37587 )/ 2 )
=3776/36432
=10.36 %

Note: The EBIT data used here is four times the quarterly (Mar. 2025) 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.


Venture Global  (NYSE:VG) 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.


Venture Global ROC (Joel Greenblatt) % Related Terms

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Venture Global Business Description

Industry
Traded in Other Exchanges
Address
1001 19th Street North, Suite 1500, Arlington, VA, USA, 22209
Venture Global operates two liquified natural gas, or LNG, production facilities in Louisiana. It has pioneered the use of smaller, factory-built equipment producing unexpectedly high yields. With a substantial development plan, it seeks to become a vertically integrated LNG producer and supplier to end consumers around the world.