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Jordan Telecommunications Co (AMM:JTEL) ROC (Joel Greenblatt) % : 20.86% (As of Mar. 2024)


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What is Jordan Telecommunications Co 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. Jordan Telecommunications Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 20.86%.

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

AMM:JTEL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.41   Med: 15.65   Max: 30.8
Current: 21.92

During the past 13 years, Jordan Telecommunications Co's highest ROC (Joel Greenblatt) % was 30.80%. The lowest was 11.41%. And the median was 15.65%.

AMM:JTEL's ROC (Joel Greenblatt) % is ranked better than
63.45% of 383 companies
in the Telecommunication Services industry
Industry Median: 14.95 vs AMM:JTEL: 21.92

Jordan Telecommunications Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.80% per year.


Jordan Telecommunications Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Jordan Telecommunications Co'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.

Jordan Telecommunications Co ROC (Joel Greenblatt) % Chart

Jordan Telecommunications Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.68 11.41 15.15 21.76 20.87

Jordan Telecommunications Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 17.87 19.02 23.93 24.21 20.86

Competitive Comparison of Jordan Telecommunications Co's ROC (Joel Greenblatt) %

For the Telecom Services subindustry, Jordan Telecommunications Co'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.


Jordan Telecommunications Co's ROC (Joel Greenblatt) % Distribution in the Telecommunication Services Industry

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

* The bar in red indicates where Jordan Telecommunications Co's ROC (Joel Greenblatt) % falls into.



Jordan Telecommunications Co 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(98.581 + 12.143 + 28.207) - (133.988 + 0 + 137.628)
=-132.685

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(130.453 + 11.41 + -0.0010000000000048) - (180.789 + 0 + 92.542)
=-131.469

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Jordan Telecommunications Co for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=75.66/( ( (357.896 + max(-132.685, 0)) + (367.459 + max(-131.469, 0)) )/ 2 )
=75.66/( ( 357.896 + 367.459 )/ 2 )
=75.66/362.6775
=20.86 %

Note: The EBIT data used here is four times the quarterly (Mar. 2024) 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.


Jordan Telecommunications Co  (AMM:JTEL) 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.


Jordan Telecommunications Co ROC (Joel Greenblatt) % Related Terms

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Jordan Telecommunications Co (AMM:JTEL) Business Description

Traded in Other Exchanges
N/A
Address
Black Iris Street, Entrance 8, P.O. Box 1689, Abdali, The Boulevard, Amman, JOR, 11118
Jordan Telecommunications Co offers telecommunication network services. It has the following operating segments. The Fixed-line segment constructs develop and maintain fixed telecommunication network services and fiber to the home services. The Mobile communications segment installs operates and manages a cellular network in Jordan. The Data services segment provides, furnishes, installs, maintains, engineers, and operates communication facilities for the provision of data network and internet access services to its customers and helping companies to be more efficient in the way they do their business on the internet. The renewable energy segment provides electricity through managing solar farms and renewable energy projects, The mobile payment segment, and the not-for-profit segment.

Jordan Telecommunications Co (AMM:JTEL) Headlines

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