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Analogic (Analogic) ROC (Joel Greenblatt) % : 11.74% (As of Apr. 2018)


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What is Analogic 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. Analogic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2018 was 11.74%.

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

ALOG's ROC (Joel Greenblatt) % is not ranked *
in the Medical Diagnostics & Research industry.
Industry Median: -13.95
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Analogic ROC (Joel Greenblatt) % Historical Data

The historical data trend for Analogic'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.

Analogic ROC (Joel Greenblatt) % Chart

Analogic Annual Data
Trend Jul08 Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.12 11.71 13.99 11.96 9.06

Analogic Quarterly Data
Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18
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 14.97 -14.57 29.14 40.07 11.74

Competitive Comparison of Analogic's ROC (Joel Greenblatt) %

For the Diagnostics & Research subindustry, Analogic'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.


Analogic's ROC (Joel Greenblatt) % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Analogic's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Analogic 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: Jan. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(84.555 + 127.4 + 9.311) - (36.839 + 8.957 + 21.3)
=154.17

Working Capital(Q: Apr. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(84.865 + 132.2 + 8.791) - (44.051 + 9.674 + 26.855)
=145.276

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Analogic for the quarter that ended in Apr. 2018 can be restated as:

ROC (Joel Greenblatt) %(Q: Apr. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2018  Q: Apr. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=29.16/( ( (100.399 + max(154.17, 0)) + (97.076 + max(145.276, 0)) )/ 2 )
=29.16/( ( 254.569 + 242.352 )/ 2 )
=29.16/248.4605
=11.74 %

Note: The EBIT data used here is four times the quarterly (Apr. 2018) 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.


Analogic  (NAS:ALOG) 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.


Analogic ROC (Joel Greenblatt) % Related Terms

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Analogic (Analogic) Business Description

Traded in Other Exchanges
N/A
Address
Analogic Corp is a medical technology company that specializes in medical imaging, ultrasound, and security and detection technologies. The medical imaging segment generates the majority of revenue and consists of systems and sub-systems sold to producers of computed tomography (CT), magnetic resonance imaging (MRI), and digital mammography platforms. The ultrasound segment sells ultrasound systems and transducers to guide surgical procedures and treatments in urology, surgery, anesthesia, and point-of-care markets. Analogic's security and detection business manufactures airport baggage screening systems that can analyze the potential threat of materials in checked bags.
Executives
Stephen A Odland director ONE GENERAL MILLS BLVD, M03-08, MINNEAPOLIS MN 55426
James J Judge director 800 BOYLSTON STREET, BOSTON MA 02199
Jeffrey P Black director 155 S LIMERICK ROAD, LIMERICK PA 19468
Joseph E Whitters director
Bernard C Bailey director
John J Fry officer: See Remarks 8 CENTENNIAL DRIVE, PEABODY MA 01960
Mark T Frost officer: SVP, CFO & Treasurer 21 CORPORATE CIRCLE, PO BOX 15098, ALBANY NY 12033-5098
James W Green director, officer: President/CEO/Director 12525 CHADRON AVENUE, HAWTHORNE CA 90250
Shalabh Chandra officer: See Remarks C/O OSI SYSTEMS, INC., 12525 CHADRON AVENUE, HAWTHORNE CA 90250
Michael L Levitz officer: Sr. VP-CFO and Treasurer C/O ANALOGIC CORPORATION, 8 CENTENNIAL DRIVE, PEABODY MA 01960
Sophie V. Vandebroek director 6 OAK MEADOW ROAD, LINCOLN MA 01770
Edward F Voboril director 10000 WEHRLE DR, CLARENCE NY 14031
Gina Consylman officer: VP-Controller C/O IRONWOOD PHARMACEUTICALS, INC., 100 SUMMER STREET, SUITE 2300, BOSTON MA 02110
Kevin C Melia director
Van Adzin Alex A officer: VP&Gen.Counsel 8 CENTENNIAL DR, PEABODY MA 01960

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