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Mostotrest PJSC (MIC:MSTT) ROC (Joel Greenblatt) % : 30.46% (As of Jun. 2021)


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What is Mostotrest 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. Mostotrest PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 30.46%.

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

MIC:MSTT's ROC (Joel Greenblatt) % is not ranked *
in the Construction industry.
Industry Median: 17.7
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Mostotrest PJSC ROC (Joel Greenblatt) % Historical Data

The historical data trend for Mostotrest 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.

* Premium members only.

Mostotrest PJSC ROC (Joel Greenblatt) % Chart

Mostotrest PJSC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.95 45.56 51.21 39.38 17.37

Mostotrest PJSC Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
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 58.18 15.46 14.13 11.88 30.46

Competitive Comparison of Mostotrest PJSC's ROC (Joel Greenblatt) %

For the Engineering & Construction subindustry, Mostotrest 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.


Mostotrest PJSC's ROC (Joel Greenblatt) % Distribution in the Construction Industry

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

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



Mostotrest 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. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6349 + 71 + 5364) - (3619 + 0 + 4376)
=3789

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1138.212 + 321.472 + 9756.352) - (3263.54 + 0 + 3470.819)
=4481.677

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Mostotrest PJSC for the quarter that ended in Jun. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2020  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1388.038/( ( (254 + max(3789, 0)) + (590.587 + max(4481.677, 0)) )/ 2 )
=1388.038/( ( 4043 + 5072.264 )/ 2 )
=1388.038/4557.632
=30.46 %

Note: The EBIT data used here is two times the semi-annual (Jun. 2021) 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.


Mostotrest PJSC  (MIC:MSTT) 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.


Mostotrest PJSC ROC (Joel Greenblatt) % Related Terms

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Mostotrest PJSC (MIC:MSTT) Business Description

Traded in Other Exchanges
N/A
Address
6 Barklaya Street, Building 5, Moscow, RUS, 121087
Mostotrest PJSC is a Russia-based infrastructure construction company. The company constructs bridges, highways, tunnels, airfields and airports, ports, and waterways and also involved in other infrastructure and non-infrastructure projects. The company's operating segment includes Construction; Services and Others. It generates maximum revenue from the Construction segment.

Mostotrest PJSC (MIC:MSTT) Headlines

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