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Shell Pakistan (KAR:SHEL) ROC (Joel Greenblatt) % : 89.80% (As of Sep. 2023)


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What is Shell Pakistan 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. Shell Pakistan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 89.80%.

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

KAR:SHEL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17.82   Med: 23.86   Max: 66.33
Current: 40.78

During the past 13 years, Shell Pakistan's highest ROC (Joel Greenblatt) % was 66.33%. The lowest was -17.82%. And the median was 23.86%.

KAR:SHEL's ROC (Joel Greenblatt) % is ranked better than
89.83% of 1052 companies
in the Oil & Gas industry
Industry Median: 10.505 vs KAR:SHEL: 40.78

Shell Pakistan's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Shell Pakistan ROC (Joel Greenblatt) % Historical Data

The historical data trend for Shell Pakistan'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.

Shell Pakistan ROC (Joel Greenblatt) % Chart

Shell Pakistan Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 8.07 -17.82 33.16 15.69

Shell Pakistan Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -100.30 -37.06 -49.14 153.32 89.80

Competitive Comparison of Shell Pakistan's ROC (Joel Greenblatt) %

For the Oil & Gas Refining & Marketing subindustry, Shell Pakistan'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.


Shell Pakistan's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shell Pakistan's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Shell Pakistan's ROC (Joel Greenblatt) % falls into.



Shell Pakistan 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6742.532 + 40038.923 + 4238.804) - (69843.404 + 0 + 9924.002)
=-28747.147

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6430.738 + 61208.022 + 84.972999999998) - (81645.588 + 0 + 11875.879)
=-25797.734

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Shell Pakistan for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=25327.9/( ( (27750.162 + max(-28747.147, 0)) + (28657.981 + max(-25797.734, 0)) )/ 2 )
=25327.9/( ( 27750.162 + 28657.981 )/ 2 )
=25327.9/28204.0715
=89.80 %

Note: The EBIT data used here is four times the quarterly (Sep. 2023) 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.


Shell Pakistan  (KAR:SHEL) 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.


Shell Pakistan ROC (Joel Greenblatt) % Related Terms

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Shell Pakistan (KAR:SHEL) Business Description

Traded in Other Exchanges
N/A
Address
6, Ch. Khaliquzzaman Road, Shell House, Karachi, SD, PAK, 75530
Shell Pakistan Ltd is engaged in oil, gas, chemical, and other selected businesses. Its core business is the marketing of petroleum products including lubricating oils. The company is involved in the retail business of offering a variety of fuels like Shell V-Power, Super Unleaded, and Diesel, as well as advanced, high-quality lubricants. The company also offers lubricants such as turbine engine oils, piston engine oils, fluids, and greases. In addition, the company supplies aviation fuels, lubricants, and technical services, serving customers across all aviation segments.

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