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 Coast Oil Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was 6.30%.
The historical rank and industry rank for Pacific Coast Oil Trust's ROC (Joel Greenblatt) % or its related term are showing as below:
ROYTL's ROC (Joel Greenblatt) % is not ranked *
in the Oil & Gas industry.
Industry Median: 8.415 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Pacific Coast Oil Trust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Pacific Coast Oil Trust ROC (Joel Greenblatt) % Related Terms
Pacific Coast Oil Trust ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Pacific Coast Oil Trust'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.
ROYTL vs HUSA, NRIS, CEI: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, Pacific Coast Oil Trust'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.
Pacific Coast Oil Trust ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pacific Coast Oil Trust's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pacific Coast Oil Trust's ROC (Joel Greenblatt) % falls into.
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:
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.
Note:
The EBIT data used here is four times the quarterly (Jun. 2019) 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.
What does a ROC (Joel Greenblatt) % of 6.30% mean?
Pacific Coast Oil Trust (ROYTL) has a ROC (Joel Greenblatt) % of 6.30% as of Jun. 2019. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Pacific Coast Oil Trust and its competitors.
Is Pacific Coast Oil Trust's ROC (Joel Greenblatt) % too high?
Pacific Coast Oil Trust's current ROC (Joel Greenblatt) % is 6.30%. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. Pacific Coast Oil Trust's value of 6.30% is 25.1% below this industry median. Overall, Pacific Coast Oil Trust has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Pacific Coast Oil Trust's ROC (Joel Greenblatt) % compare to HUSA and NRIS?
Pacific Coast Oil Trust's ROC (Joel Greenblatt) % of 6.30% can be compared against companies in the Oil & Gas industry. The industry median ROC (Joel Greenblatt) % is 8.42. Pacific Coast Oil Trust's value of 6.30% is 25.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.42, based on 1,000 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pacific Coast Oil Trust's current ROC (Joel Greenblatt) % of 6.30% is 25.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Pacific Coast Oil Trust and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pacific Coast Oil Trust's current ROC (Joel Greenblatt) % is 6.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Coast Oil Trust stock overvalued right now?
Pacific Coast Oil Trust (ROYTL) has a current ROC (Joel Greenblatt) % of 6.30%. The current ROC (Joel Greenblatt) % is 6.30% and 25.1% below the Oil & Gas industry median of 8.42. Pacific Coast Oil Trust's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Pacific Coast Oil Trust (ROYTL), the current ROC (Joel Greenblatt) % is 6.30% as of Jun. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Pacific Coast Oil Trust is a statutory trust which is formed to acquire and hold net profits and royalty interests in certain oil and natural gas properties located in California for the benefit of the Trust unitholders. The underlying properties consist of producing and non-producing interests in oil units, wells, and lands located onshore in California in the Santa Maria Basin, and the Los Angeles Basin.
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