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Rogers Communications ROC (Joel Greenblatt) %

: 14.48% (As of Mar. 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. Rogers Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 14.48%.

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

RCI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 17.17   Med: 26.3   Max: 32.26
Current: 17.17

During the past 13 years, Rogers Communications's highest ROC (Joel Greenblatt) % was 32.26%. The lowest was 17.17%. And the median was 26.30%.

RCI's ROC (Joel Greenblatt) % is ranked better than
54.77% of 409 companies
in the Telecommunication Services industry
Industry Median: 14.13 vs RCI: 17.17

Rogers Communications's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.30% per year.


Rogers Communications ROC (Joel Greenblatt) % Historical Data

The historical data trend for Rogers Communications'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.

Rogers Communications Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.46 29.95 27.90 21.66 20.01

Rogers Communications Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 19.41 17.11 22.97 20.05 14.48

Competitive Comparison

For the Telecom Services subindustry, Rogers Communications'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.

   

Rogers Communications ROC (Joel Greenblatt) % Distribution

For the Telecommunication Services industry and Communication Services sector, Rogers Communications's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Rogers Communications 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. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3005.46875 + 417.96875 + 482.03125) - (2758.59375 + 307.8125 + 474.21875)
=364.84375

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2815.9557661927 + 426.54028436019 + 11026.066350711) - (2344.3917851501 + 320.69510268562 + 239.336492891)
=11364.139020537

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Mar. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Mar. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2524.4865718799/( ( (11457.8125 + max(364.84375, 0)) + (11682.464454976 + max(11364.139020537, 0)) )/ 2 )
=2524.4865718799/( ( 11822.65625 + 23046.603475513 )/ 2 )
=2524.4865718799/17434.629862757
=14.48 %

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


Rogers Communications  (NYSE:RCI) 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.


Rogers Communications ROC (Joel Greenblatt) % Related Terms

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


Rogers Communications Business Description

Rogers Communications logo
Industry
Address
333 Bloor Street East, 10th Floor, Toronto, ON, CAN, M4W 1G9
Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers' wireless business accounted for 60% of the company's total sales in 2021 and has increasingly provided a bigger portion of total company sales over the last several years. Rogers' cable segment, which provides about one fourth of total sales, offers home Internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and the Toronto Blue Jays. Rogers' significant exposure to sports also includes ownership stakes in the Toronto Maple Leafs, Raptors, FC, and Argonauts.

Rogers Communications Headlines

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