GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Promotora Y Operadora de Infraestructura SAB de CV (OTCPK:PUODY) » Definitions » ROC (Joel Greenblatt) %

Promotora Y Operadora de InfraestructuraB de CV (Promotora Y Operadora de InfraestructuraB de CV) ROC (Joel Greenblatt) % : 238.44% (As of Sep. 2023)


View and export this data going back to 1993. Start your Free Trial

What is Promotora Y Operadora de InfraestructuraB de CV 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. Promotora Y Operadora de InfraestructuraB de CV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 238.44%.

The historical rank and industry rank for Promotora Y Operadora de InfraestructuraB de CV's ROC (Joel Greenblatt) % or its related term are showing as below:

PUODY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 172.8   Med: 587.66   Max: 756.64
Current: 309.19

During the past 13 years, Promotora Y Operadora de InfraestructuraB de CV's highest ROC (Joel Greenblatt) % was 756.64%. The lowest was 172.80%. And the median was 587.66%.

PUODY's ROC (Joel Greenblatt) % is ranked better than
96.2% of 1659 companies
in the Construction industry
Industry Median: 17.93 vs PUODY: 309.19

Promotora Y Operadora de InfraestructuraB de CV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 37.90% per year.


Promotora Y Operadora de InfraestructuraB de CV ROC (Joel Greenblatt) % Historical Data

The historical data trend for Promotora Y Operadora de InfraestructuraB de CV'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.

Promotora Y Operadora de InfraestructuraB de CV ROC (Joel Greenblatt) % Chart

Promotora Y Operadora de InfraestructuraB de CV Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 172.91 179.09 539.25 728.86 684.97

Promotora Y Operadora de InfraestructuraB de CV Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 414.68 713.65 390.30 155.07 238.44

Competitive Comparison of Promotora Y Operadora de InfraestructuraB de CV's ROC (Joel Greenblatt) %

For the Infrastructure Operations subindustry, Promotora Y Operadora de InfraestructuraB de CV'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.


Promotora Y Operadora de InfraestructuraB de CV's ROC (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Promotora Y Operadora de InfraestructuraB de CV's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Promotora Y Operadora de InfraestructuraB de CV's ROC (Joel Greenblatt) % falls into.



Promotora Y Operadora de InfraestructuraB de CV 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.727 + 11.358 + 623.564) - (132.334 + 0 + 113.242)
=417.073

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.84 + 11.373 + 126.515) - (124.257 + 0 + 118.648)
=-77.177

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Promotora Y Operadora de InfraestructuraB de CV for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=789.252/( ( (86.781 + max(417.073, 0)) + (158.154 + max(-77.177, 0)) )/ 2 )
=789.252/( ( 503.854 + 158.154 )/ 2 )
=789.252/331.004
=238.44 %

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


Promotora Y Operadora de InfraestructuraB de CV  (OTCPK:PUODY) 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.


Promotora Y Operadora de InfraestructuraB de CV ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Promotora Y Operadora de InfraestructuraB de CV's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Promotora Y Operadora de InfraestructuraB de CV (Promotora Y Operadora de InfraestructuraB de CV) Business Description

Address
Bosque de Cidros No 173, Bosques de las Lomas, Mexico, MEX, 05120
Promotora Y Operadora de Infraestructura SAB de CV, or Pinfra, develops and constructs infrastructure projects in Mexico. It completes highways, ports, railways, sewer systems, and other projects related to industrial development. The company holds various concessions from the government to build and then operate structures for several years. The concessions can generate stable revenue, and enhance connectivity within communities. Pinfra has three business segments: concession, construction, and plants. The construction division primarily provides services to its concessions, but has the capability to partner with third parties. Many concessions are fully operational, and the company supplies maintenance and operational support to adhere to requirements.

Promotora Y Operadora de InfraestructuraB de CV (Promotora Y Operadora de InfraestructuraB de CV) Headlines

From GuruFocus