Cue Health (Cue Health) ROC (Joel Greenblatt) %

: -277.41% (As of Dec. 2023)

View and export this data going back to 2021. 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. Cue Health's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -277.41%.

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

HLTH' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -175.87 Med: -76.02 Max: 54.67
Current: -132.76

During the past 5 years, Cue Health's highest ROC (Joel Greenblatt) % was 54.67%. The lowest was -175.87%. And the median was -76.02%.

HLTH's ROC (Joel Greenblatt) % is ranked worse than
79.17% of 653 companies
in the Healthcare Providers & Services industry
Industry Median: 9.24 vs HLTH: -132.76

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

Cue Health ROC (Joel Greenblatt) % Historical Data

The historical data trend for Cue Health'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.

Cue Health Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

-175.87

-76.02

54.67

-57.79

-148.87

Cue Health Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROC (Joel Greenblatt) %												-43.34	-113.38	-108.87	-58.81	-277.41

Competitive Comparison

For the Health Information Services subindustry, Cue Health'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.

Cue Health ROC (Joel Greenblatt) % Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Cue Health's ROC (Joel Greenblatt) % distribution charts can be found below:

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

Cue Health 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)
=	(1.32	+	63.555	+	15.91)	-	(48.063	+	0.623	+	2.966)
=	29.133

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.352	+	14.039	+	14.082)	-	(34.367	+	0.162	+	2.638)
=	-7.694

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Cue Health 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 )
=	-592.112	/	( ( (247.14 + max(29.133, 0))	+	(150.615 + max(-7.694, 0)) )	/	2 )
=	-592.112	/	( ( 276.273	+	150.615 )	/	2 )
=	-592.112	/	213.444
=	-277.41 %

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

Cue Health (NAS:HLTH) 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.

Cue Health ROC (Joel Greenblatt) % Related Terms

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

Cue Health (Cue Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Cue Health Inc (NAS:HLTH) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4980 Carroll Canyon Road, Suite 100, San Diego, CA, USA, 92121

Website

https://www.cuehealth.com

Cue Health Inc is a health technology company. It puts consumers in control of health information and places diagnostic information at the center of care. It enables people to manage health through real-time, actionable and connected health data. Further, it offers individuals, enterprises, government agencies and healthcare providers access to lab-quality diagnostic testing at home, at work, or at the point-of-care, all in a device that fits in the palm of hand.

Executives

T-twelve Holdings, Llc	10 percent owner	C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501
Tup Investments, L.p.	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tarsadia Investments, Llc	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Cp (hlth), Llc	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tfc Manager, Llc	10 percent owner	C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501
Nvga I, Llc	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tccs I, Lp	10 percent owner	10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Tc Gp, Llc	10 percent owner	10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Tarsadia Capital, Llc	10 percent owner	10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Aasim Javed	officer: Chief Financial Officer	C/O CUE HEALTH INC, 4980 CARROLL CANYON RD SUITE 100, SAN DIEGO CA 92121
Randall E. Pollard	officer: Chief Accounting Officer	6229 PINE TREE CT., LONG GROVE IL 60047
Clint Sever	officer: Chief Product Officer	C/O CUE HEALTH INC., 4980 CARROLL CANYON RD. SUITE 100, SAN DIEGO CA 92121
Sachin H. Jain	director	C/O CARDIOVASCULAR SYSTEMS, INC., 1225 OLD HIGHWAY 8 NW, ST. PAUL MN 55112
Joshua Ghaim	director	C/O CUE HEALTH INC., 4980 CARROLL CANYON ROAD SUITE 100, SAN DIEGO CA 92121
Kelly P. Day	10 percent owner	865 FIGUEROA STREET, SUITE 700, LOS ANGELES CA 90017