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Ultrapar Participacoes (BSP:UGPA3) ROC (Joel Greenblatt) % : 42.94% (As of Jun. 2024)


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What is Ultrapar Participacoes 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. Ultrapar Participacoes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 42.94%.

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

BSP:UGPA3' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.23   Med: 31.93   Max: 64.05
Current: 61.36

During the past 13 years, Ultrapar Participacoes's highest ROC (Joel Greenblatt) % was 64.05%. The lowest was 13.23%. And the median was 31.93%.

BSP:UGPA3's ROC (Joel Greenblatt) % is ranked better than
95% of 1019 companies
in the Oil & Gas industry
Industry Median: 9.63 vs BSP:UGPA3: 61.36

Ultrapar Participacoes's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 18.10% per year.


Ultrapar Participacoes ROC (Joel Greenblatt) % Historical Data

The historical data trend for Ultrapar Participacoes'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.

Ultrapar Participacoes ROC (Joel Greenblatt) % Chart

Ultrapar Participacoes 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 20.19 13.83 13.23 29.15 64.05

Ultrapar Participacoes 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 28.98 77.47 93.29 38.37 42.94

Competitive Comparison of Ultrapar Participacoes's ROC (Joel Greenblatt) %

For the Oil & Gas Refining & Marketing subindustry, Ultrapar Participacoes'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.


Ultrapar Participacoes's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Ultrapar Participacoes 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)
=(4667.901 + 4371.941 + 184.704) - (5557.925 + 64.371 + 171.73)
=3430.52

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4272.363 + 3989.611 + 151.206) - (6040.988 + 56.271 + 306.224)
=2009.697

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Ultrapar Participacoes 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 )
=4680.728/( ( (8166.228 + max(3430.52, 0)) + (8197.225 + max(2009.697, 0)) )/ 2 )
=4680.728/( ( 11596.748 + 10206.922 )/ 2 )
=4680.728/10901.835
=42.94 %

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.


Ultrapar Participacoes  (BSP:UGPA3) 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.


Ultrapar Participacoes ROC (Joel Greenblatt) % Related Terms

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Ultrapar Participacoes Business Description

Traded in Other Exchanges
Address
Brigadeiro Luis Antonio Avenue, 1343, Sao Paulo, SP, BRA, 01317-910
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, industrial activities, through the subscription or acquisition of shares of other companies. The Company has three business segments: gas distribution, fuel distribution and storage. The gas distribution segment (Ultragaz) distributes LPG to residential, commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The fuel distribution segment operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities throughout all the Brazilian territory. The storage segment operates liquid bulk terminals, especially in the Southeast and Northeast regions of Brazil.

Ultrapar Participacoes Headlines

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