Portland General Electric Co (Portland General Electric Co) ROC (Joel Greenblatt) %

: 5.50% (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

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. Portland General Electric Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.50%.

The historical rank and industry rank for Portland General Electric Co's ROC (Joel Greenblatt) % or its related term are showing as below:

POR' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.96 Med: 5.23 Max: 6.27
Current: 4.98

During the past 13 years, Portland General Electric Co's highest ROC (Joel Greenblatt) % was 6.27%. The lowest was 3.96%. And the median was 5.23%.

POR's ROC (Joel Greenblatt) % is ranked worse than
78.49% of 516 companies
in the Utilities - Regulated industry
Industry Median: 11.18 vs POR: 4.98

Portland General Electric Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.

Portland General Electric Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Portland General Electric Co'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.

Portland General Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

5.25

3.96

5.20

4.93

Portland General Electric Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROC (Joel Greenblatt) %																4.54	6.15	4.09	4.21	5.50

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Portland General Electric Co'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.

Portland General Electric Co ROC (Joel Greenblatt) % Distribution

For the Utilities - Regulated industry and Utilities sector, Portland General Electric Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Portland General Electric Co's ROC (Joel Greenblatt) % falls into.

Portland General Electric Co 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: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(364	+	109	+	204)	-	(334	+	0	+	282)
=	61

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(414	+	113	+	403)	-	(468	+	0	+	398)
=	64

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Portland General Electric Co for the quarter that ended in Dec. 2023 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	516	/	( ( (9078 + max(61, 0))	+	(9546 + max(64, 0)) )	/	2 )
=	516	/	( ( 9139	+	9610 )	/	2 )
=	516	/	9374.5
=	5.50 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Portland General Electric Co (NYSE:POR) 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.

Portland General Electric Co ROC (Joel Greenblatt) % Related Terms

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

Portland General Electric Co (Portland General Electric Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Portland General Electric Co (NYSE:POR) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

IDA PNM MGEE OGE HE GNE VIA PNW SUME EVRG NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

49P:Germany

Address

121 South West Salmon Street, Portland, OR, USA, 97204

Website

https://www.portlandgeneral.com

Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services to 926,000 customers across a service territory that includes about half of all Oregon residents and two thirds of the state's business activity. The company owns (wholly or through joint ventures) 3.3 gigawatts of gas, coal, wind, and hydro generation.

Executives

Anne Frances Mersereau	officer: Vice President	121 SW SALMON STREET, PORTLAND OR 97204
Marie Oh Huber	director	C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Michael A Lewis	director	77 BEALE ST, P.O. BOX 770000, SAN FRANCISCO CA 94177
Michael Millegan	director	C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Kathryn Jean Jackson	director	121 SW SALMON STREET, PORTLAND OR 97204
Patricia Salas Pineda	director	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Dawn L Farrell	director	C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19898
James P Torgerson	director	C/O UIL HOLDINGS CORPORATION, 157 CHURCH STREET, NEW HAVEN CT 06510
Trpik Joseph R Jr	officer: SVP, Finance CFO	10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
John Teeruk Kochavatr	officer: Vice President, CIO	121 SW SALMON STREET, PORTLAND OR 97204
Benjamin Felton	officer: EVP, COO	121 SW SALMON STREET, PORTLAND OR 97204
Brett Michael Sims	officer: Vice President	121 SW SALMON ST., PORTLAND OR 97204
Larry Neal Bekkedahl	officer: Sr. Vice President	121 SW SALMON STREET, PORTLAND OR 97204
Maria Angelica Espinosa	officer: V. P., General Counsel	121 SW SALMON ST., PORTLAND OR 97204
James A Ajello	officer: Sr. VP, CFO, Treasurer	C/O HEI, P.O. BOX 730, HONOLULU HI 96808