GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Union Pacific Corp (WBO:UNPC) » Definitions » ROC (Joel Greenblatt) %

Union Pacific (WBO:UNPC) ROC (Joel Greenblatt) % : 16.84% (As of Sep. 2024)


View and export this data going back to 2019. Start your Free Trial

What is Union Pacific 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. Union Pacific's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 16.84%.

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

WBO:UNPC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.74   Med: 16.67   Max: 20
Current: 17.13

During the past 13 years, Union Pacific's highest ROC (Joel Greenblatt) % was 20.00%. The lowest was 14.74%. And the median was 16.67%.

WBO:UNPC's ROC (Joel Greenblatt) % is ranked better than
61.99% of 963 companies
in the Transportation industry
Industry Median: 12.72 vs WBO:UNPC: 17.13

Union Pacific's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.30% per year.


Union Pacific ROC (Joel Greenblatt) % Historical Data

The historical data trend for Union Pacific'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.

Union Pacific ROC (Joel Greenblatt) % Chart

Union Pacific 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 16.61 14.07 17.99 18.90 16.38

Union Pacific 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 15.93 17.13 16.95 17.24 16.84

Competitive Comparison of Union Pacific's ROC (Joel Greenblatt) %

For the Railroads subindustry, Union Pacific'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.


Union Pacific's ROC (Joel Greenblatt) % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Union Pacific's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Union Pacific 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)
=(1967.622 + 749.703 + 386.464) - (2074.457 + 0 + 938.29)
=91.041999999999

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1834.436 + 698.275 + 334.271) - (2085.815 + 0 + 946.05)
=-164.883

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Union Pacific 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 )
=9020.812/( ( (54261.961 + max(91.041999999999, 0)) + (52775.174 + max(-164.883, 0)) )/ 2 )
=9020.812/( ( 54353.003 + 52775.174 )/ 2 )
=9020.812/53564.0885
=16.84 %

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.


Union Pacific  (WBO:UNPC) 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.


Union Pacific ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Union Pacific's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Union Pacific Business Description

Address
1400 Douglas Street, Omaha, NE, USA, 68179
Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two thirds of the us, Union Pacific generated $24 billion of revenue in 2023 by hauling coal, industrial products, intermodal containers, agriculture goods, chemicals, fertilizers, and automotive goods. Union Pacific owns about one fourth of Mexican railroad Ferromex and historically derives roughly 10% of its revenue hauling freight to and from Mexico.

Union Pacific Headlines

No Headlines