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Oesterreichische Post AG (WBO:POST) ROC (Joel Greenblatt) %

: 23.58% (As of Dec. 2023)
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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. Oesterreichische Post AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 23.58%.

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

WBO:POST' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.73   Med: 22.88   Max: 36.91
Current: 17.03

During the past 13 years, Oesterreichische Post AG's highest ROC (Joel Greenblatt) % was 36.91%. The lowest was 14.73%. And the median was 22.88%.

WBO:POST's ROC (Joel Greenblatt) % is ranked better than
62.8% of 973 companies
in the Transportation industry
Industry Median: 12.53 vs WBO:POST: 17.03

Oesterreichische Post AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.00% per year.


Oesterreichische Post AG ROC (Joel Greenblatt) % Historical Data

The historical data trend for Oesterreichische Post AG'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.

Oesterreichische Post AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.65 15.59 20.10 14.73 17.18

Oesterreichische Post AG 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) % 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 16.65 14.07 18.86 11.64 23.58

Competitive Comparison

For the Integrated Freight & Logistics subindustry, Oesterreichische Post AG'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.


Oesterreichische Post AG ROC (Joel Greenblatt) % Distribution

For the Transportation industry and Industrials sector, Oesterreichische Post AG's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Oesterreichische Post AG's ROC (Joel Greenblatt) % falls into.



Oesterreichische Post AG 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2113.2 + 23.2 + 108.7) - (3324.8 + 0 + 402.1)
=-1481.8

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2097.2 + 22.7 + 108.7) - (461.7 + 0 + 3425)
=-1658.1

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Oesterreichische Post AG 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 )
=317.2/( ( (1334.6 + max(-1481.8, 0)) + (1356.3 + max(-1658.1, 0)) )/ 2 )
=317.2/( ( 1334.6 + 1356.3 )/ 2 )
=317.2/1345.45
=23.58 %

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.


Oesterreichische Post AG  (WBO:POST) 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.


Oesterreichische Post AG ROC (Joel Greenblatt) % Related Terms

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Oesterreichische Post AG (WBO:POST) Business Description

Traded in Other Exchanges
Address
Rochusplatz 1, Vienna, AUT, 1030
Oesterreichische Post AG is an Austrian postal, logistics and mail and service provider. The business activities include the provision of postal and parcel services, specialized logistics such as express mail delivery and value logistics, sales and telecommunications products and retail goods in the branch network and provision of financial services. The service offering also encompasses fulfillment services, various online services such as the e-letter and cross-media solutions, data and output management as well as document collection, digitalization and processing.
Executives
Mag. Bernhard Spalt Supervisory Board
Di Peter Umundum Board of Directors
Di Walter Oblin Board of Directors