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CHC Group (CHC Group) ROC (Joel Greenblatt) % : -45.92% (As of Oct. 2016)


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What is CHC Group 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. CHC Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2016 was -45.92%.

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

HELIQ's ROC (Joel Greenblatt) % is not ranked *
in the Oil & Gas industry.
Industry Median: 9.81
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

CHC Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


CHC Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for CHC Group'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.

CHC Group ROC (Joel Greenblatt) % Chart

CHC Group Annual Data
Trend Apr05 Apr06 Apr07 Apr08 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.08 6.10 3.19 -62.46 -30.47

CHC Group Quarterly Data
Apr11 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16
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 -4.52 -15.05 -100.00 -336.32 -45.92

Competitive Comparison of CHC Group's ROC (Joel Greenblatt) %

For the Oil & Gas Equipment & Services subindustry, CHC Group'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.


CHC Group's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry

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

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



CHC Group 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: Jul. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(181.756 + 89.337 + 59.094) - (178.714 + 12.994 + 8.5410000000001)
=129.938

Working Capital(Q: Oct. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(198.855 + 95.114 + 52.109) - (212.49 + 23.601 + 3.859)
=106.128

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of CHC Group for the quarter that ended in Oct. 2016 can be restated as:

ROC (Joel Greenblatt) %(Q: Oct. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2016  Q: Oct. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-447.196/( ( (869.716 + max(129.938, 0)) + (841.82 + max(106.128, 0)) )/ 2 )
=-447.196/( ( 999.654 + 947.948 )/ 2 )
=-447.196/973.801
=-45.92 %

Note: The EBIT data used here is four times the quarterly (Oct. 2016) 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.


CHC Group  (OTCPK:HELIQ) 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.


CHC Group ROC (Joel Greenblatt) % Related Terms

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


CHC Group (CHC Group) Business Description

Industry
Traded in Other Exchanges
N/A
Address
CHC Group Ltd is a commercial helicopter service provider to the offshore oil and gas industry. The company operates in two segments including the Helicopter Services segment which includes flying operations around the world serving offshore oil and gas. Heli-One segment provides helicopter maintenance, repair, and overhaul services for fleet and for an external customer base primarily in Europe, Asia, and North America. The company has a global market presence with the majority of the revenue generated from Norway.
Executives
William L Transier director 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Cd&r Investment Associates Ix, Ltd. 10 percent owner MAPLES CORPORATE SERVICES LIMITED, UGLAND HOUSE, GRAND CAYMAN E9 KY101194
William G. Schrader director HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Francis S Kalman director 777 N ELDRIDGE PARKWAY, HOUSTON TX 77079
Lee Eckert officer: SVP and CFO C/O CHC GROUP LTD., 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Amelio J. William director, officer: President and CEO C/O CHC GROUP LTD., 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Michael J Oneill officer: Senior Vice President 1299 PENNSYVLANIA AVE NW, HOWREY SIMON ARNOLD & WHITE, WASHINGTON DC 20004
Peter Bartolotta officer: Chief Operating Officer C/O CHC GROUP LTD., 190 ELGIN AVENUE, GEORGE TOWN E9 KY1-9005
Joan S Hooper officer: Chief Financial Officer ONE DELL WAY, ROUND ROCK TX 78682
John Krenicki director 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Nathan K Sleeper director 375 PARK AVENUE, 18TH FLOOR, NEW YORK CITY NY 10152
John Mogford director 25 VICTORIA STREET, LONDON X0 SW1H 0EX
Michael L Summers officer: Senior Vice President C/O CELANESE CORPORATION, 1601 W. LBJ FREEWAY, DALLAS TX 75234
Fr Xi Offshore Gp Ltd director, 10 percent owner ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830
First Reserve Gp Xii Ltd director, 10 percent owner 262 HARBOR DRIVE, THIRD FLOOR, STAMFORD CT 06902

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