American Green (American Green) ROC (Joel Greenblatt) % : -5.17% (As of Jun. 2023)

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

What is American Green 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. American Green's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -5.17%.

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

ERBB' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.17 Med: -5.17 Max: -5.17
Current: -5.17

During the past 2 years, American Green's highest ROC (Joel Greenblatt) % was -5.17%. The lowest was -5.17%. And the median was -5.17%.

ERBB's ROC (Joel Greenblatt) % is ranked worse than
65.07% of 1065 companies
in the Drug Manufacturers industry
Industry Median: 7.85 vs ERBB: -5.17

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

American Green ROC (Joel Greenblatt) % Historical Data

The historical data trend for American Green'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.

American Green ROC (Joel Greenblatt) % Chart

American Green Annual Data

Trend

Jun22

Jun23

ROC (Joel Greenblatt) %

-5.17

American Green Semi-Annual Data
	Jun22	Jun23
ROC (Joel Greenblatt) %	-	-5.17

Competitive Comparison of American Green's ROC (Joel Greenblatt) %

For the Drug Manufacturers - Specialty & Generic subindustry, American Green'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.

American Green's ROC (Joel Greenblatt) % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, American Green's ROC (Joel Greenblatt) % distribution charts can be found below:

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

American Green 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. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.032	+	-5.5511151231258E-17)	-	(1.042	+	0	+	-3.5527136788005E-15)
=	-1.01

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of American Green for the quarter that ended in Jun. 2023 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.471	/	( ( (0 + max(0, 0))	+	(9.119 + max(-1.01, 0)) )	/	1 )
=	-0.471	/	( ( 0	+	9.119 )	/	1 )
=	-0.471	/	9.119
=	-5.17 %

Note: The EBIT data used here is one times the annual (Jun. 2023) EBIT data.

American Green (OTCPK:ERBB) 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.

American Green ROC (Joel Greenblatt) % Related Terms

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

American Green (American Green) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » American Green Inc (OTCPK:ERBB) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 N Gould Street, Suite R, Sheridan, WY, USA, 82801

Website

https://www.americangreen.com

American Green Inc is a technology company in the medical cannabis industry. It is involved in the business of developing a cultivation facility in Phoenix Arizona for medical marijuana and also owns proprietary dispensing machines and all rights to a line of health supplements.