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Transcorp Power (NSA:TRANSPOWER) ROC (Joel Greenblatt) % : 168.86% (As of Sep. 2024)


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What is Transcorp Power 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. Transcorp Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 168.86%.

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

NSA:TRANSPOWER' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0   Med: 0   Max: 117.12
Current: 117.12

During the past 0 years, Transcorp Power's highest ROC (Joel Greenblatt) % was 117.12%. The lowest was 0.00%. And the median was 0.00%.

NSA:TRANSPOWER's ROC (Joel Greenblatt) % is ranked better than
91.94% of 496 companies
in the Utilities - Regulated industry
Industry Median: 10.035 vs NSA:TRANSPOWER: 117.12

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


Transcorp Power ROC (Joel Greenblatt) % Historical Data

The historical data trend for Transcorp Power'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.

Transcorp Power ROC (Joel Greenblatt) % Chart

Transcorp Power Annual Data
Trend
ROC (Joel Greenblatt) %

Transcorp Power Quarterly Data
Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial - - 185.88 130.13 168.86

Competitive Comparison of Transcorp Power's ROC (Joel Greenblatt) %

For the Utilities - Regulated Electric subindustry, Transcorp Power'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.


Transcorp Power's ROC (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Transcorp Power's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Transcorp Power 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(190907.508 + 3114.591 + 784.17600000001) - (158650.585 + 0 + 12872.22)
=23283.47

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(219965.542 + 2205.545 + 691.44799999997) - (164694.583 + 0 + 34910.908)
=23257.044

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Transcorp Power for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=136329.98/( ( (57700.542 + max(23283.47, 0)) + (57233.357 + max(23257.044, 0)) )/ 2 )
=136329.98/( ( 80984.012 + 80490.401 )/ 2 )
=136329.98/80737.2065
=168.86 %

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


Transcorp Power  (NSA:TRANSPOWER) 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.


Transcorp Power ROC (Joel Greenblatt) % Related Terms

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Transcorp Power Business Description

Traded in Other Exchanges
N/A
Address
Kilometer 12 warri patani road, Delta State, Ughelli, NGA
Transcorp Power PLC is engaged in power sector in Nigeria. It is a gas-fired open cycle thermal power plant located in Ughelli. It is fossil-fuel-based power-generating station in the country. The plant has an installed capacity of 972 MW and can generate 2,500 GWh of electricity annually. Transcorp power plant uses natural gas supplied by Nigeria, Nigeria Gas Infrastructure Company (NGIC) as the primary fuel for power generation. The Company has two operating segments: International - this segment is responsible for the sale of electric power to customers outside Nigeria and Local - this segment is responsible for the sale of electric power to customers within Nigeria. Key revenue is generated from Local sales.

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