Drake & Scull International PJSC (DFM:DSI) ROC (Joel Greenblatt) % : -191.46% (As of Mar. 2024)

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What is Drake & Scull International PJSC 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. Drake & Scull International PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -191.46%.

The historical rank and industry rank for Drake & Scull International PJSC's ROC (Joel Greenblatt) % or its related term are showing as below:

DFM:DSI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1959.81 Med: -156.26 Max: 221.39
Current: -1487.08

During the past 13 years, Drake & Scull International PJSC's highest ROC (Joel Greenblatt) % was 221.39%. The lowest was -1959.81%. And the median was -156.26%.

DFM:DSI's ROC (Joel Greenblatt) % is ranked worse than
98.98% of 1667 companies
in the Construction industry
Industry Median: 17.87 vs DFM:DSI: -1487.08

Drake & Scull International PJSC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.

Drake & Scull International PJSC ROC (Joel Greenblatt) % Historical Data

The historical data trend for Drake & Scull International PJSC'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.

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Drake & Scull International PJSC ROC (Joel Greenblatt) % Chart

Drake & Scull International PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

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186.87

221.39

62.02

-716.52

-1,827.20

Drake & Scull International PJSC 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															-1,617.08	-99.88	90.92	-5,813.83	-191.46

Competitive Comparison of Drake & Scull International PJSC's ROC (Joel Greenblatt) %

For the Engineering & Construction subindustry, Drake & Scull International PJSC'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.

Drake & Scull International PJSC's ROC (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Drake & Scull International PJSC's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Drake & Scull International PJSC's ROC (Joel Greenblatt) % falls into.

Drake & Scull International PJSC 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)
=	(28.413	+	0	+	101.927)	-	(603.784	+	0	+	2106.757)
=	-2580.201

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(25.762	+	0	+	51.456)	-	(612.934	+	0	+	2105.176)
=	-2640.892

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Drake & Scull International PJSC 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 )
=	-36.6	/	( ( (19.214 + max(-2580.201, 0))	+	(19.019 + max(-2640.892, 0)) )	/	2 )
=	-36.6	/	( ( 19.214	+	19.019 )	/	2 )
=	-36.6	/	19.1165
=	-191.46 %

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

Drake & Scull International PJSC (DFM:DSI) 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.

Drake & Scull International PJSC ROC (Joel Greenblatt) % Related Terms

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Drake & Scull International PJSC (DFM:DSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Drake & Scull International PJSC (DFM:DSI) » Definitions » ROC (Joel Greenblatt) %

Traded in Other Exchanges

N/A

Address

International Media Production Zone, P.O. Box 65794, Dubai, ARE

Website

https://www.drakescull.com

Drake & Scull International PJSC is engaged in carrying out contracting work relating to the construction industry, such as electrical, plumbing, oil and gas, air conditioning and sanitation work in the Middle East, Europe, Asia and North Africa region. The company is organized into business units based on its services and has three reportable business segments, namely, Engineering (Mechanical, Electrical and Plumbing) and Others. The company is geographically distributed in the UAE and Others. The company is presently engaged in carrying out contracting work relating to the construction industry in the United Arab Emirates, Kuwait, Egypt, Germany, Algeria, India, Iraq and Jordan.