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Grupo AeromexicoB de CV ROC (Joel Greenblatt) %

: -7.13% (As of Sep. 2021)
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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. Grupo AeromexicoB de CV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was -7.13%.

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

OTCPK:GRPAQ' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -66.48   Med: 10.25   Max: 49.87
Current: -24.31

-66.48
49.87

During the past 13 years, Grupo AeromexicoB de CV's highest ROC (Joel Greenblatt) % was 49.87%. The lowest was -66.48%. And the median was 10.25%.

OTCPK:GRPAQ's ROC (Joel Greenblatt) % is ranked lower than
92% of the 932 Companies
in the Transportation industry.

( Industry Median: 8.90 vs. OTCPK:GRPAQ: -24.31 )

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


Grupo AeromexicoB de CV ROC (Joel Greenblatt) % Historical Data

The historical data trend for Grupo AeromexicoB de CV'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.

Grupo AeromexicoB de CV Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.12 4.71 -2.42 0.98 -64.92

Grupo AeromexicoB de CV Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 -30.51 -58.93 -29.65 -15.40 -7.13

Competitive Comparison

For the Airlines subindustry, Grupo AeromexicoB de CV'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.

   

Grupo AeromexicoB de CV ROC (Joel Greenblatt) % Distribution

For the Transportation industry and Industrials sector, Grupo AeromexicoB de CV's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Grupo AeromexicoB de CV's ROC (Joel Greenblatt) % falls into.



Grupo AeromexicoB de CV 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. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(171.09612907735 + 68.815010433619 + 94.75283804427) - (1165.835538205 + 0 + 795.76250287049)
=-1626.9340635203

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(145.11091933094 + 73.030265238625 + 110.41414539486) - (1145.5184300188 + 0 + 865.84891824345)
=-1682.8120182978

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Grupo AeromexicoB de CV for the quarter that ended in Sep. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2021  Q: Sep. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-269.57323369633/( ( (2916.9467935342 + max(-1626.9340635203, 0)) + (4648.9806496027 + max(-1682.8120182978, 0)) )/ 2 )
=-269.57323369633/( ( 2916.9467935342 + 4648.9806496027 )/ 2 )
=-269.57323369633/3782.9637215684
=-7.13 %

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


Grupo AeromexicoB de CV  (OTCPK:GRPAQ) 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.


Grupo AeromexicoB de CV ROC (Joel Greenblatt) % Related Terms

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Grupo AeromexicoB de CV Business Description

Grupo AeromexicoB de CV logo
Industry
Industrials » Transportation NAICS : 481111 SIC : 4512
Traded in Other Exchanges
Address
Paseo de la Reforma 445, Col. Cuauhtemoc, Mexico City, MEX, 06500
Grupo Aeroméxico SAB de CV is a leader in Mexican air transportation. Revenue is generated by transporting passengers and air cargo and providing additional amenities to improve travel experiences. The company has one reportable segment, air transportation, and reports revenues by geographic region. Mexico accounts for approximately half of total revenue, with North, Central, and South America comprising another material portion. Grupo Aeromexico is a member of a global alliance with other carriers to better assist customers and increase the number of destinations. Additionally, the company utilizes a joint Aeromexico-Delta maintenance and repair facility to maintain and enhance existing fleet.
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