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Gammon India (NSE:GAMMONIND) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2023)


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What is Gammon India 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. Gammon India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

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

NSE:GAMMONIND' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -112.99   Med: -9.08   Max: 94.96
Current: 94.96

During the past 13 years, Gammon India's highest ROC (Joel Greenblatt) % was 94.96%. The lowest was -112.99%. And the median was -9.08%.

NSE:GAMMONIND's ROC (Joel Greenblatt) % is not ranked
in the Construction industry.
Industry Median: 17.775 vs NSE:GAMMONIND: 94.96

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


Gammon India ROC (Joel Greenblatt) % Historical Data

The historical data trend for Gammon India'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.

Gammon India ROC (Joel Greenblatt) % Chart

Gammon India Annual Data
Trend Mar12 Mar13 Sep14 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -112.99 14.33 -10.28 -84.78 13.79

Gammon India Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
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 -93.55 -52.28 292.81 -30.76 -

Competitive Comparison of Gammon India's ROC (Joel Greenblatt) %

For the Engineering & Construction subindustry, Gammon India'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.


Gammon India's ROC (Joel Greenblatt) % Distribution in the Construction Industry

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

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



Gammon India 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)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Gammon India for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4794/( ( (0 + max(0, 0)) + (0 + max(0, 0)) )/ 1 )
=4794/( ( 0 + 0 )/ 1 )
=4794/0
= %

Note: The EBIT data used here is four times the quarterly (Dec. 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.


Gammon India  (NSE:GAMMONIND) 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.


Gammon India ROC (Joel Greenblatt) % Related Terms

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Gammon India (NSE:GAMMONIND) Business Description

Traded in Other Exchanges
N/A
Address
J.N. Heredia Marg, Hamilton House, Floor 3rd, Plot No. - 3/8, Ballard Estate, Mumbai, MH, IND, 400038
Gammon India Ltd is civil engineering, procurement, and construction company. Principally, it is involved in the construction of buildings, civil engineering, construction of utility projects, and specialized construction activities. The company's operating segment includes Real Estate Development and Construction and Engineering. It generates maximum revenue from the Construction and Engineering segment. Geographically, it derives a majority of its revenue from India.

Gammon India (NSE:GAMMONIND) Headlines

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