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. Caspian Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was 47.26%.
The historical rank and industry rank for Caspian Services's ROC (Joel Greenblatt) % or its related term are showing as below:
CSSV's ROC (Joel Greenblatt) % is not ranked *
in the Oil & Gas industry.
Industry Median: 8.41 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Caspian Services's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Caspian Services ROC (Joel Greenblatt) % Related Terms
Caspian Services ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Caspian Services'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.
CSSV vs GLRI, TIRTZ, GLFH: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Equipment & Services subindustry, Caspian Services'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.
Caspian Services ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Caspian Services's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Caspian Services'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:
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.
Note:
The EBIT data used here is four times the quarterly (Jun. 2016) 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.
What does a ROC (Joel Greenblatt) % of 47.26% mean?
Caspian Services (CSSV) has a ROC (Joel Greenblatt) % of 47.26% as of Jun. 2016. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Caspian Services and its competitors.
Is Caspian Services' ROC (Joel Greenblatt) % too high?
Caspian Services' current ROC (Joel Greenblatt) % is 47.26%. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.41. Caspian Services' value of 47.26% is 462% above this industry median.
How does Caspian Services' ROC (Joel Greenblatt) % compare to GLRI and TIRTZ?
Caspian Services' ROC (Joel Greenblatt) % of 47.26% can be compared against companies in the Oil & Gas industry. The industry median ROC (Joel Greenblatt) % is 8.41. Caspian Services' value of 47.26% is 462% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.41, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Caspian Services's current ROC (Joel Greenblatt) % of 47.26% is 462% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Caspian Services and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caspian Services's current ROC (Joel Greenblatt) % is 47.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caspian Services stock overvalued right now?
Caspian Services (CSSV) has a current ROC (Joel Greenblatt) % of 47.26%. The current ROC (Joel Greenblatt) % is 47.26% and 462% above the Oil & Gas industry median of 8.41. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Caspian Services (CSSV), the current ROC (Joel Greenblatt) % is 47.26% as of Jun. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Caspian Services Inc provides oilfield services to oil & gas industry in Kazakhstan. The company operates in three reportable segments including Vessel operations, Geophysical services, and Marine base services. Vessel operations consist of chartering a fleet of shallow draft offshore support vessels to customers performing oil and gas exploration activities in the Caspian Sea. Geophysical services consist of providing seismic data acquisition services to oil and gas companies operating onshore in Kazakhstan. Marine base service consists of operating a marine base with a boat repair and drydocking services yard located at the port of Bautino on the North Caspian Sea. It generates the majority of the revenue from Vessel operations segment.
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