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Petrotarg AB (OSTO:PETR PREF.PFD) ROC (Joel Greenblatt) % : -204.37% (As of Sep. 2016)


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What is Petrotarg AB 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. Petrotarg AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 was -204.37%.

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

OSTO:PETR PREF.PFD' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -467.26   Med: -49.74   Max: 17.56
Current: -467.26

During the past 7 years, Petrotarg AB's highest ROC (Joel Greenblatt) % was 17.56%. The lowest was -467.26%. And the median was -49.74%.

OSTO:PETR PREF.PFD's ROC (Joel Greenblatt) % is not ranked
in the Oil & Gas industry.
Industry Median: 8.37 vs OSTO:PETR PREF.PFD: -467.26

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


Petrotarg AB ROC (Joel Greenblatt) % Historical Data

The historical data trend for Petrotarg AB'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.

Petrotarg AB ROC (Joel Greenblatt) % Chart

Petrotarg AB Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial -38.66 17.56 -387.06 -49.74 -405.83

Petrotarg AB Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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 - -1,060.83 -104.56 -91.86 -204.37

Competitive Comparison of Petrotarg AB's ROC (Joel Greenblatt) %

For the Oil & Gas E&P subindustry, Petrotarg AB'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.


Petrotarg AB's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry

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

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


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Petrotarg AB 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. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 17.722) - (0 + 0 + 10.158)
=7.564

Working Capital(Q: Sep. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 19.998) - (0 + 0 + 13.822)
=6.176

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Petrotarg AB for the quarter that ended in Sep. 2016 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2016  Q: Sep. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-14.04/( ( (0 + max(7.564, 0)) + (0 + max(6.176, 0)) )/ 2 )
=-14.04/( ( 7.564 + 6.176 )/ 2 )
=-14.04/6.87
=-204.37 %

Note: The EBIT data used here is four times the quarterly (Sep. 2016) 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.


Petrotarg AB  (OSTO:PETR PREF.PFD) 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.


Petrotarg AB ROC (Joel Greenblatt) % Related Terms

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Petrotarg AB Business Description

Traded in Other Exchanges
N/A
Address
Box 225, Borlänge, SWE, 781 23
Petrotarg AB is engaged in exploration and exploitation of oil and natural gas deposits. The company's projects are in Arkansas, Louisiana and Texas of the United States.

Petrotarg AB Headlines

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