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Przedsiebiorstwo Komunalne AQUA (WAR:AQU) ROC (Joel Greenblatt) % : 3.05% (As of Jun. 2024)


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What is Przedsiebiorstwo Komunalne AQUA 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. Przedsiebiorstwo Komunalne AQUA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.05%.

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

WAR:AQU' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.38   Med: 3.27   Max: 3.61
Current: 3.28

During the past 13 years, Przedsiebiorstwo Komunalne AQUA's highest ROC (Joel Greenblatt) % was 3.61%. The lowest was 2.38%. And the median was 3.27%.

WAR:AQU's ROC (Joel Greenblatt) % is ranked worse than
84.02% of 507 companies
in the Utilities - Regulated industry
Industry Median: 10.38 vs WAR:AQU: 3.28

Przedsiebiorstwo Komunalne AQUA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.30% per year.


Przedsiebiorstwo Komunalne AQUA ROC (Joel Greenblatt) % Historical Data

The historical data trend for Przedsiebiorstwo Komunalne AQUA'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.

Przedsiebiorstwo Komunalne AQUA ROC (Joel Greenblatt) % Chart

Przedsiebiorstwo Komunalne AQUA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.27 3.38 2.38 3.12 2.82

Przedsiebiorstwo Komunalne AQUA Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.01 3.89 2.54 3.63 3.05

Competitive Comparison of Przedsiebiorstwo Komunalne AQUA's ROC (Joel Greenblatt) %

For the Utilities - Regulated Water subindustry, Przedsiebiorstwo Komunalne AQUA'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.


Przedsiebiorstwo Komunalne AQUA's ROC (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Przedsiebiorstwo Komunalne AQUA's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Przedsiebiorstwo Komunalne AQUA's ROC (Joel Greenblatt) % falls into.



Przedsiebiorstwo Komunalne AQUA 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: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25.503 + 4.583 + 0) - (0 + 0 + 89.701)
=-59.615

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.27 + 5.475 + 0) - (0 + 0 + 90.442)
=-57.697

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Przedsiebiorstwo Komunalne AQUA for the quarter that ended in Jun. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=12.28/( ( (403.273 + max(-59.615, 0)) + (401.495 + max(-57.697, 0)) )/ 2 )
=12.28/( ( 403.273 + 401.495 )/ 2 )
=12.28/402.384
=3.05 %

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


Przedsiebiorstwo Komunalne AQUA  (WAR:AQU) 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.


Przedsiebiorstwo Komunalne AQUA ROC (Joel Greenblatt) % Related Terms

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Przedsiebiorstwo Komunalne AQUA Business Description

Traded in Other Exchanges
N/A
Address
ul. May 1 23, Bielsko-Biala, POL, 43-300
Przedsiebiorstwo Komunalne AQUA SA conducts water and sewage operations in Bielsko-Biala and neighboring communes. Its business activities include the recognition, treatment and distribution of water and the collection, treatment and discharge of sewage. services offered by the company include the supply of drinking water; sewerage; swimming pool; collection and testing of surface, underground, treated and sewage and sewage sludge samples; geodetic services; waste disposal services and liquid waste; disposal of emulsions and other wastes; and specialized services in the field of water supply and sewage network diagnostics. The services offered by Aqua are used by households, housing cooperatives, public institutions as well as industrial and service plants.

Przedsiebiorstwo Komunalne AQUA Headlines