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GreenGro Technologies (GreenGro Technologies) ROC (Joel Greenblatt) % : 0.00% (As of Mar. 2004)


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What is GreenGro Technologies 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. GreenGro Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2004 was 0.00%.

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

GRNH's ROC (Joel Greenblatt) % is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 15.33
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


GreenGro Technologies ROC (Joel Greenblatt) % Historical Data

The historical data trend for GreenGro Technologies'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.

GreenGro Technologies ROC (Joel Greenblatt) % Chart

GreenGro Technologies Annual Data
Trend Dec96 Dec97 Dec98 Jun99 Jun00 Jun01 Jun02
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial - -227.27 -2,127.45 -2,684.54 -2,856.93

GreenGro Technologies Quarterly Data
Jun99 Sep99 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04
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 -11,440.00 - - - -

Competitive Comparison of GreenGro Technologies's ROC (Joel Greenblatt) %

For the Farm & Heavy Construction Machinery subindustry, GreenGro Technologies'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.


GreenGro Technologies's ROC (Joel Greenblatt) % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, GreenGro Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:

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



GreenGro Technologies 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: Dec. 2003 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.002) - (0.318 + 0 + 0)
=-0.316

Working Capital(Q: Mar. 2004 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.316 + 0 + 0.034)
=-0.35

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of GreenGro Technologies for the quarter that ended in Mar. 2004 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2004 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2003  Q: Mar. 2004
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.06/( ( (0 + max(-0.316, 0)) + (0 + max(-0.35, 0)) )/ 1 )
=-0.06/( ( 0 + 0 )/ 1 )
=-0.06/0
= %

Note: The EBIT data used here is four times the quarterly (Mar. 2004) 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.


GreenGro Technologies  (OTCPK:GRNH) 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.


GreenGro Technologies ROC (Joel Greenblatt) % Related Terms

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GreenGro Technologies (GreenGro Technologies) Business Description

Traded in Other Exchanges
N/A
Address
68374 Keiley Road, Cathedral City, CA, USA, 92234
GreenGro Technologies Inc specializes in indoor and outdoor agricultural science systems for the consumer and commercial farming markets. It manufactures and sells eco-friendly vertical cultivation systems and facilities design. In addition, it also provides design, construction, and GreenGro Technologies, Inc. provides manufacturing and sales of green, eco-friendly, sustainable vertical cultivation systems, and facilities design. Its products and services are targeted at consumers and industrial farming operations. Its products and services are designed to provide all of these customers solutions to achieve maximum efficiency, whether that be a balcony garden or industrial cultivator.

GreenGro Technologies (GreenGro Technologies) Headlines