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A P Moller Maersk AS (CHIX:MAERAC) ROC (Joel Greenblatt) % : 0.00% (As of Sep. 2024)


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What is A P Moller Maersk AS 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. A P Moller Maersk AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.00%.

The historical rank and industry rank for A P Moller Maersk AS's ROC (Joel Greenblatt) % or its related term are showing as below:

CHIX:MAERAc' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -67.72   Med: 9   Max: 89.18
Current: -67.72

During the past 13 years, A P Moller Maersk AS's highest ROC (Joel Greenblatt) % was 89.18%. The lowest was -67.72%. And the median was 9.00%.

CHIX:MAERAc's ROC (Joel Greenblatt) % is ranked worse than
96.89% of 965 companies
in the Transportation industry
Industry Median: 12.79 vs CHIX:MAERAc: -67.72

A P Moller Maersk AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 80.40% per year.


A P Moller Maersk AS ROC (Joel Greenblatt) % Historical Data

The historical data trend for A P Moller Maersk AS'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.

A P Moller Maersk AS ROC (Joel Greenblatt) % Chart

A P Moller Maersk AS 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 5.84 12.15 60.91 89.18 14.06

A P Moller Maersk AS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 97.42 -317.25 - - -

Competitive Comparison of A P Moller Maersk AS's ROC (Joel Greenblatt) %

For the Marine Shipping subindustry, A P Moller Maersk AS'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.


A P Moller Maersk AS's ROC (Joel Greenblatt) % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, A P Moller Maersk AS's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where A P Moller Maersk AS's ROC (Joel Greenblatt) % falls into.



A P Moller Maersk AS 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(135572.681 + 11371.104 + -2.9103830456734E-11) - (0 + 0 + 62811.482)
=84132.303

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(163032.424 + 10036.692 + 0) - (0 + 0 + 62316.168)
=110752.948

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of A P Moller Maersk AS for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (256328.258 + max(84132.303, 0)) + (253738.86 + max(110752.948, 0)) )/ 2 )
=0/( ( 340460.561 + 364491.808 )/ 2 )
=0/352476.1845
=0.00 %

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


A P Moller Maersk AS  (CHIX:MAERAc) 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.


A P Moller Maersk AS ROC (Joel Greenblatt) % Related Terms

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A P Moller Maersk AS Business Description

Address
Esplanaden 50, Copenhagen, DNK, 1263
Denmark-listed A.P. Moller-Maersk operates trade, shipping, logistics and terminal assets globally. The oceans segment, the largest contributor to group revenue and earnings, has the second-largest oceangoing shipping capacity globally. Maersk has acquired several logistics firms in the past couple of years and plans for the segment to be the company's growth engine. Over the past few years, Maersk has divested noncore operations, such as its long-standing stakes in Danske Bank and Dansk Supermarked as well as its oil and gas operations and ocean towing.

A P Moller Maersk AS Headlines

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