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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. Stabilis Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.67%.
The historical rank and industry rank for Stabilis Solutions's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, Stabilis Solutions's highest ROC (Joel Greenblatt) % was 1.50%. The lowest was -234.09%. And the median was -17.03%.
Stabilis Solutions's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for Stabilis Solutions'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.
Stabilis Solutions Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | -13.52 | -9.76 | -11.48 | -0.30 | 1.43 |
Stabilis Solutions Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | 7.70 | 10.10 | -14.11 | -1.05 | 11.67 |
For the Oil & Gas Integrated subindustry, Stabilis Solutions'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.
For the Oil & Gas industry and Energy sector, Stabilis Solutions's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Stabilis Solutions's ROC (Joel Greenblatt) % falls into.
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: Sep. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (6.135 | + | 0.128 | + | 1.855) | - | (7.25 | + | 1.505 | + | 2.202) |
= | -2.839 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (7.752 | + | 0.169 | + | 1.518) | - | (6.2 | + | 0.397 | + | 3.276) |
= | -0.434 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Stabilis Solutions for the quarter that ended in Dec. 2023 can be restated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2023 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2023 | Q: Dec. 2023 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 5.872 | / | ( ( (50.62 + max(-2.839, 0)) | + | (50.004 + max(-0.434, 0)) ) | / | 2 ) |
= | 5.872 | / | ( ( 50.62 | + | 50.004 ) | / | 2 ) |
= | 5.872 | / | 50.312 | ||||
= | 11.67 % |
Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.
Stabilis Solutions (NAS:SLNG) 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.
Thank you for viewing the detailed overview of Stabilis Solutions's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Edward L Kuntz | director | |
Ballard Westervelt T. Jr | director, officer: President and CEO | 601 POYDRAS STREET, SUITE 2400, NEW ORLEANS LA 70130 |
Matthew Morris | director | 1905 SHARP PL, HOUSTON TX 77019 |
Andrew Lewis Puhala | officer: Senior Vice President & CFO | 10375 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042 |
Jch Crenshaw Holdings, Llc | director, 10 percent owner | 470 ORLEANS ST., 7TH FLOOR, BEAUMONT TX 77701 |
Benjamin J. Broussard | director | 1655 LOUISIANA STREET, BEAUMONT TX 77701 |
James Calvin Reddinger | director, officer: Chief Executive Officer | 10375 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042 |
Stacey B. Crenshaw | director, 10 percent owner | 10375 RICHMOND AVE., SUITE 700, HOUSTON TX 77042 |
James George Aivalis | officer: Chief Operating Officer | 10375 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042 |
Mushahid Khan | director | 10375 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042 |
Peter C. Mitchell | director | 505 FRONT AVENUE, P.O. BOX I, COEUR D'ALENE ID 83816 |
Will B. Crenshaw | director | 1655 LOUISIANA STREET, BEAUMONT TX 77701 |
Lng Investment Company, Llc | 10 percent owner | 1655 LOUISIANA STREET, BEAUMONT TX 77701 |
William Charles Miller | officer: Chief Operating Officer | 102 SENECA PLACE, MARS PA 16046 |
Peacock James Hoke Ii | director | C/O M & I ELECTRIC INDUSTRIES, INC., 6410 LONG DRIVE, HOUSTON TX 77087 |
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