TotalEnergies Marketing Nigeria (NSA:TOTL) ROC (Joel Greenblatt) % : 41.28% (As of Sep. 2023)

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What is TotalEnergies Marketing Nigeria 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. TotalEnergies Marketing Nigeria's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 41.28%.

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

NSA:TOTL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.38 Med: 50.93 Max: 87.77
Current: 24.89

During the past 13 years, TotalEnergies Marketing Nigeria's highest ROC (Joel Greenblatt) % was 87.77%. The lowest was 12.38%. And the median was 50.93%.

NSA:TOTL's ROC (Joel Greenblatt) % is ranked better than
79.43% of 1045 companies
in the Oil & Gas industry
Industry Median: 9.79 vs NSA:TOTL: 24.89

TotalEnergies Marketing Nigeria's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.50% per year.

TotalEnergies Marketing Nigeria ROC (Joel Greenblatt) % Historical Data

The historical data trend for TotalEnergies Marketing Nigeria'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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TotalEnergies Marketing Nigeria ROC (Joel Greenblatt) % Chart

TotalEnergies Marketing Nigeria Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROC (Joel Greenblatt) %

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50.99

25.75

12.38

58.00

61.30

TotalEnergies Marketing Nigeria Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Jun22	Sep22	Dec22	Sep23
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															-	62.22	62.65	61.41	41.28

Competitive Comparison of TotalEnergies Marketing Nigeria's ROC (Joel Greenblatt) %

For the Oil & Gas Refining & Marketing subindustry, TotalEnergies Marketing Nigeria'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.

TotalEnergies Marketing Nigeria's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TotalEnergies Marketing Nigeria's ROC (Joel Greenblatt) % falls into.

TotalEnergies Marketing Nigeria 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. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(41356.54	+	59275.749	+	46410.219)	-	(148991.255	+	0	+	50854.487)
=	-52803.234

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(68365.121	+	59880.805	+	95083.451)	-	(188973.509	+	0	+	29191.299)
=	5164.569

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of TotalEnergies Marketing Nigeria 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: Dec. 2022		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	22122.996	/	( ( (50836.18 + max(-52803.234, 0))	+	(51172.627 + max(5164.569, 0)) )	/	2 )
=	22122.996	/	( ( 50836.18	+	56337.196 )	/	2 )
=	22122.996	/	53586.688
=	41.28 %

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

TotalEnergies Marketing Nigeria (NSA:TOTL) 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.

TotalEnergies Marketing Nigeria ROC (Joel Greenblatt) % Related Terms

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TotalEnergies Marketing Nigeria (NSA:TOTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies Marketing Nigeria PLC (NSA:TOTL) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Churchgate Street, P.M.B. 2134, Total House, Victoria Island, Lagos, NGA

Website

https://www.services.totalenergies.ng

TotalEnergies Marketing Nigeria PLC is engaged in the marketing and distribution of petroleum products. Its operating segment includes the Network segment includes sales to service stations. The General Trade segment is engaged in sales to corporate customers excluding the customers in the aviation industry. Its Aviation segment is engaged in sales to aviation industry customers. The company generates maximum revenue from the Network segment. Geographically, it derives a majority of revenue from Nigeria. Its products categories include Motorcycle Lubricants, Engine Oil for Cars, Engine Oils for Heavy-Duty Engines, and Other Lubricants.