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SunCoke Energy Partners LP (SunCoke Energy Partners LP) ROC (Joel Greenblatt) % : 5.98% (As of Mar. 2019)


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What is SunCoke Energy Partners LP 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. SunCoke Energy Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2019 was 5.98%.

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

SXCP's ROC (Joel Greenblatt) % is not ranked *
in the Steel industry.
Industry Median: 10.19
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


SunCoke Energy Partners LP ROC (Joel Greenblatt) % Historical Data

The historical data trend for SunCoke Energy Partners LP'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.

SunCoke Energy Partners LP ROC (Joel Greenblatt) % Chart

SunCoke Energy Partners LP Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.63 10.45 10.85 10.83 9.02

SunCoke Energy Partners LP Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
ROC (Joel Greenblatt) % Get a 7-Day Free Trial 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 8.63 10.72 9.60 7.34 5.98

Competitive Comparison of SunCoke Energy Partners LP's ROC (Joel Greenblatt) %

For the Coking Coal subindustry, SunCoke Energy Partners LP'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.


SunCoke Energy Partners LP's ROC (Joel Greenblatt) % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, SunCoke Energy Partners LP's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where SunCoke Energy Partners LP's ROC (Joel Greenblatt) % falls into.



SunCoke Energy Partners LP 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. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(48.8 + 79 + 1) - (85.5 + 3 + 0)
=40.3

Working Capital(Q: Mar. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(61.4 + 104.6 + 3) - (110.4 + 7.5 + 0)
=51.1

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of SunCoke Energy Partners LP for the quarter that ended in Mar. 2019 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2018  Q: Mar. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=76.8/( ( (1245.1 + max(40.3, 0)) + (1233 + max(51.1, 0)) )/ 2 )
=76.8/( ( 1285.4 + 1284.1 )/ 2 )
=76.8/1284.75
=5.98 %

Note: The EBIT data used here is four times the quarterly (Mar. 2019) 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.


SunCoke Energy Partners LP  (NYSE:SXCP) 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.


SunCoke Energy Partners LP ROC (Joel Greenblatt) % Related Terms

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SunCoke Energy Partners LP (SunCoke Energy Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
1011 Warrenville Road, Suite 600, Lisle, IL, USA, 60532
SunCoke Energy Partners LP produces coke used in the blast furnace production of steel. It also provides handling and mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers. The company's operating facilities are located in the states of Illinois, Indiana, Ohio, and Virginia across the United States, and international operations in Brazil and India. At the firm's domestic and export terminals, the support system for the coal producers and end users of steel, coke and power industries is available.
Executives
Alvin Bledsoe director 801 CHERRY STREET, SUITE 3400, UNIT 20, FORT WORTH TX 76102
Martha Z. Carnes director 6316 WINDFERN ROAD, HOUSTON TX 77040
Phillip Michael Hardesty director, officer: Senior Vice President SUNCOKE ENERGY, INC., 1011 WARRENVILLE ROAD, STE 600, LISLE IL 60532
Allison S Lausas officer: Vice President & Controller C/O SUNCOKE ENERGY, INC., 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532
Somerhalder John W Ii director 76 SOUTH MAIN STREET, AKRON OH 44308
Michael G Rippey director, officer: Chairman, President & CEO C/O OLYMPIC STEEL, INC., 22901 MILLCREEK BLVD., HIGHLAND HILLS OH 44122
C. Scott Hobbs director FIVE TEK PARK, 9999 HAMILTON BOULEVARD, BREINIGSVILLE PA 18031
Nancy M Snyder director FOUR RADNOR CORPORATE CENTER, STE 200, RADNOR PA 19087
Gary P Yeaw officer: Senior Vice President 1011 WARRENVILLE ROAD, STE 600, LISLE IL 60532
Katherine T Gates director, officer: Sr VP & General Counsel 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532
Frederick A. Henderson director, officer: Chairman and CEO SUNCOKE ENERGY, INC., 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532
Mark Newman director, officer: Senior VP and CFO 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532
Michael J Thomson director, officer: President and COO SUNCOKE ENERGY, INC., 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532
Denise R Singleton director, officer: See Remarks. 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Fay West officer: Vice President and Controller 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532