PCFBY (Pacific Basin Shipping) ROC (Joel Greenblatt) % : 9.51% (As of Dec. 2024)

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What is Pacific Basin Shipping 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. Pacific Basin Shipping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 9.51%.

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

PCFBY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.18 Med: 4.83 Max: 47.43
Current: 8.57

During the past 13 years, Pacific Basin Shipping's highest ROC (Joel Greenblatt) % was 47.43%. The lowest was -9.18%. And the median was 4.83%.

PCFBY's ROC (Joel Greenblatt) % is ranked worse than
67.04% of 974 companies
in the Transportation industry
Industry Median: 12.89 vs PCFBY: 8.57

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

Pacific Basin Shipping 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)
=	(105.492	+	138.41	+	33.545)	-	(99.504	+	0	+	158.749)
=	19.194

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(106.3	+	126.391	+	27.305)	-	(100.311	+	0	+	142.223)
=	17.462

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Pacific Basin Shipping for the quarter that ended in Dec. 2024 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	172.314	/	( ( (1807.995 + max(19.194, 0))	+	(1778.726 + max(17.462, 0)) )	/	2 )
=	172.314	/	( ( 1827.189	+	1796.188 )	/	2 )
=	172.314	/	1811.6885
=	9.51 %

Note: The EBIT data used here is two times the semi-annual (Dec. 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.

Pacific Basin Shipping (OTCPK:PCFBY) 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.

Pacific Basin Shipping ROC (Joel Greenblatt) % Related Terms

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Pacific Basin Shipping Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pacific Basin Shipping Ltd (OTCPK:PCFBY) » Definitions » ROC (Joel Greenblatt) %

Traded in Other Exchanges

PCFBF:USA 02343:Hong Kong OYD:Germany

Address

2 Heung Yip Road, 31st Floor One Island South, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.pacificbasin.com

Pacific Basin Shipping Ltd is an investment holding company engaged in the provision of dry bulk shipping services internationally including Asia, America, Europe, Africa, Middle East and India and Australia and New Zealand. The company generates revenue from shipping activities, the principal sources of which are derived from Handysize and Supramax vessels.