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Sustainable Power & Infrastructure Split (TSX:PWI) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2023)


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What is Sustainable Power & Infrastructure Split 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. Sustainable Power & Infrastructure Split's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

The historical rank and industry rank for Sustainable Power & Infrastructure Split's ROC (Joel Greenblatt) % or its related term are showing as below:

TSX:PWI's ROC (Joel Greenblatt) % is not ranked *
in the Asset Management industry.
Industry Median: 46.91
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Sustainable Power & Infrastructure Split's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Sustainable Power & Infrastructure Split ROC (Joel Greenblatt) % Historical Data

The historical data trend for Sustainable Power & Infrastructure Split'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.

Sustainable Power & Infrastructure Split ROC (Joel Greenblatt) % Chart

Sustainable Power & Infrastructure Split Annual Data
Trend Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
- - -

Sustainable Power & Infrastructure Split Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial - - - - -

Competitive Comparison of Sustainable Power & Infrastructure Split's ROC (Joel Greenblatt) %

For the Asset Management subindustry, Sustainable Power & Infrastructure Split'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.


Sustainable Power & Infrastructure Split's ROC (Joel Greenblatt) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sustainable Power & Infrastructure Split's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Sustainable Power & Infrastructure Split's ROC (Joel Greenblatt) % falls into.



Sustainable Power & Infrastructure Split 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.351 + 0 + 0.56399999999999) - (3.223 + 0 + 37.459)
=-37.767

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.181 + 0 + 1.042) - (1.095 + 0 + 35.493)
=-35.365

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Sustainable Power & Infrastructure Split 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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=11.528/( ( (0 + max(-37.767, 0)) + (0 + max(-35.365, 0)) )/ 1 )
=11.528/( ( 0 + 0 )/ 1 )
=11.528/0
= %

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) 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.


Sustainable Power & Infrastructure Split  (TSX:PWI) 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.


Sustainable Power & Infrastructure Split ROC (Joel Greenblatt) % Related Terms

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Sustainable Power & Infrastructure Split (TSX:PWI) Business Description

Traded in Other Exchanges
Address
181 Bay Street, Suite 2930, Bay Wellington Tower, Brookfield Place, Toronto, ON, CAN, M5J 2T3
Sustainable Power & Infrastructure Split Corp is a mutual fund corporation. Its fund invests in a globally diversified and actively managed portfolio consisting of dividend-paying securities of power and infrastructure companies, whose assets, products, and services the Manager believes are facilitating the multi-decade transition toward decarbonization and environmental sustainability. Its portfolio includes investments in companies operating in the areas of renewable power, green transportation, energy efficiency, and communications, among others.

Sustainable Power & Infrastructure Split (TSX:PWI) Headlines

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