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. Southcross Energy Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2019 was -15.43%.
The historical rank and industry rank for Southcross Energy Partners LP's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:SCR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -69.22 Med: -2.16 Max: 8.61
Current: -67.65
During the past 9 years, Southcross Energy Partners LP's highest ROC (Joel Greenblatt) % was 8.61%. The lowest was -69.22%. And the median was -2.16%.
FRA:SCR's ROC (Joel Greenblatt) % is not ranked
in the Utilities - Regulated industry.
Industry Median: 10.745
vs FRA:SCR: -67.65
Southcross Energy Partners LP (FRA:SCR) 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.
* 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.
Southcross Energy Partners LP ROC (Joel Greenblatt) % Chart
FRA:SCR vs CNIG: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Gas subindustry, Southcross Energy Partners LP'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.
Southcross Energy Partners LP ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southcross Energy Partners LP's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Southcross Energy Partners LP's ROC (Joel Greenblatt) % falls into.
Southcross Energy Partners LP 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:
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 (Mar. 2019) 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 -15.43% mean?
Southcross Energy Partners LP (FRA:SCR) has a ROC (Joel Greenblatt) % of -15.43% as of Mar. 2019. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Southcross Energy Partners LP and its competitors.
Is Southcross Energy Partners LP's ROC (Joel Greenblatt) % too high?
Southcross Energy Partners LP's current ROC (Joel Greenblatt) % is -15.43%.
How does Southcross Energy Partners LP's ROC (Joel Greenblatt) % compare to CNIG?
Southcross Energy Partners LP's ROC (Joel Greenblatt) % of -15.43% can be compared against companies in the Utilities - Regulated industry. The industry median ROC (Joel Greenblatt) % is 10.75. 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 Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.75, based on 504 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. 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 Southcross Energy Partners LP and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southcross Energy Partners LP's current ROC (Joel Greenblatt) % is -15.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southcross Energy Partners LP stock overvalued right now?
Southcross Energy Partners LP (FRA:SCR) has a current ROC (Joel Greenblatt) % of -15.43%. The current ROC (Joel Greenblatt) % is -15.43%. 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 Southcross Energy Partners LP (FRA:SCR), the current ROC (Joel Greenblatt) % is -15.43% as of Mar. 2019. 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.
Southcross Energy Partners LP Business Description
Southcross Energy Partners LP provides natural gas gathering, processing, treating, compression and transportation services and NGL fractionation and transportation services. It also source, purchase transport and sell natural gas and NGLs. The company derives the majority of its revenues from sales of natural gas. Its assets are located in South Texas, Mississippi, and Alabama.
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