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NagaCorp (OTCPK:NGCRY) ROC (Joel Greenblatt) %

: 5.30% (As of Dec. 2022)
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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. NagaCorp's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 5.30%.

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

NGCRY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.12   Med: 29.83   Max: 56.46
Current: 5.95

During the past 13 years, NagaCorp's highest ROC (Joel Greenblatt) % was 56.46%. The lowest was -5.12%. And the median was 29.83%.

NGCRY's ROC (Joel Greenblatt) % is ranked worse than
59.69% of 826 companies
in the Travel & Leisure industry
Industry Median: 4.71 vs NGCRY: 5.95

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


NagaCorp ROC (Joel Greenblatt) % Historical Data

The historical data trend for NagaCorp'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.

NagaCorp Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.36 35.36 8.89 -5.11 5.91

NagaCorp Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
ROC (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only 13.62 -5.07 -5.00 6.62 5.30

Competitive Comparison

For the Resorts & Casinos subindustry, NagaCorp'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.

   

NagaCorp ROC (Joel Greenblatt) % Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, NagaCorp's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where NagaCorp's ROC (Joel Greenblatt) % falls in comparison to its industry or sector. The grey bar indicates the ROC (Joel Greenblatt) %'s extreme value range as defined by GuruFocus.



NagaCorp 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: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.818 + 2.092 + 66.528) - (167.063 + 0 + 8.723)
=-83.348

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.103 + 2.897 + 61.96) - (179.051 + 0 + 8.777)
=-113.868

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of NagaCorp for the quarter that ended in Dec. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Dec. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=119.178/( ( (2196.982 + max(-83.348, 0)) + (2297.212 + max(-113.868, 0)) )/ 2 )
=119.178/( ( 2196.982 + 2297.212 )/ 2 )
=119.178/2247.097
=5.30 %

Note: The EBIT data used here is two times the semi-annual (Dec. 2022) 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.


NagaCorp  (OTCPK:NGCRY) 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.


NagaCorp ROC (Joel Greenblatt) % Related Terms

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NagaCorp (OTCPK:NGCRY) Business Description

NagaCorp logo
Traded in Other Exchanges
Address
NagaWorld Samdech Techo, P.O. Box 1099, Hun Sen Park, Phnom Penh, KHM, 120101
NagaCorp Ltd is an investment holding company primarily involved in the resorts and casinos industry. The company has two business segments, Casino Operations; and Hotel and Entertainment Operations. The Casino Operations business manages gaming activities, primarily at the company's flagship resort, NagaWorld. The resort has a variety of gaming halls, shopping galleries, restaurants, and meeting spaces. Furthermore, it contains segments both gaming tables and electronic gaming machines. The Hotel and Entertainment Operations segment manages the hotel and leisure businesses of the company. NagaCorp generates the vast majority of its revenue in Cambodia, where it has a casino license until 2065.