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United Drilling Tools (NSE:UNIDT) ROC (Joel Greenblatt) % : 12.16% (As of Sep. 2024)


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What is United Drilling Tools 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. United Drilling Tools's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 12.16%.

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

NSE:UNIDT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.15   Med: 56.49   Max: 153.84
Current: 9.77

During the past 13 years, United Drilling Tools's highest ROC (Joel Greenblatt) % was 153.84%. The lowest was 7.15%. And the median was 56.49%.

NSE:UNIDT's ROC (Joel Greenblatt) % is ranked better than
52.26% of 1018 companies
in the Oil & Gas industry
Industry Median: 9.14 vs NSE:UNIDT: 9.77

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


United Drilling Tools ROC (Joel Greenblatt) % Historical Data

The historical data trend for United Drilling Tools'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.

United Drilling Tools ROC (Joel Greenblatt) % Chart

United Drilling Tools Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 153.84 - 45.37 7.49 7.15

United Drilling Tools Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.43 8.11 7.26 11.25 12.16

Competitive Comparison of United Drilling Tools's ROC (Joel Greenblatt) %

For the Oil & Gas Equipment & Services subindustry, United Drilling Tools'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.


United Drilling Tools's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where United Drilling Tools's ROC (Joel Greenblatt) % falls into.



United Drilling Tools 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)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(371.982 + 1466.941 + 93.066) - (50.644 + 0 + 134.131)
=1747.214

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of United Drilling Tools 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 )
=259.916/( ( (0 + max(0, 0)) + (390.932 + max(1747.214, 0)) )/ 1 )
=259.916/( ( 0 + 2138.146 )/ 1 )
=259.916/2138.146
=12.16 %

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.


United Drilling Tools  (NSE:UNIDT) 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.


United Drilling Tools ROC (Joel Greenblatt) % Related Terms

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United Drilling Tools Business Description

Traded in Other Exchanges
Address
Astralis Tower, Supernova Complex, Gautam Budh Nagar, Sector-94, 26th Floor, Noida, UP, IND, 201301
United Drilling Tools Ltd is a manufacturer of Oilfield Equipment. Its product profile includes Wireline Winch Units, Artificial Gas Lift Equipments, Fast Make-Up High-Performance Connectors, Down Hole Tools, and Casing Pipe with Connectors. The company operates in domestic as well as international markets.

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