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Camping World Holdings (Camping World Holdings) ROC (Joel Greenblatt) %

: -1.44% (As of Dec. 2023)
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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. Camping World Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.44%.

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

CWH' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.97   Med: 23.54   Max: 40.92
Current: 8.39

During the past 11 years, Camping World Holdings's highest ROC (Joel Greenblatt) % was 40.92%. The lowest was 0.97%. And the median was 23.54%.

CWH's ROC (Joel Greenblatt) % is ranked worse than
60.8% of 1301 companies
in the Vehicles & Parts industry
Industry Median: 12.24 vs CWH: 8.39

Camping World Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 21.40% per year.


Camping World Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Camping World Holdings'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 0.97 [6] => 22.77 [7] => 33.53 [8] => 18.60 [9] => 8.08 )
Camping World Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.97 22.77 33.53 18.60 8.08

Camping World Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROC (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only 1.24 7.12 16.89 11.50 -1.44

Competitive Comparison

For the Auto & Truck Dealerships subindustry, Camping World Holdings'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.


Camping World Holdings ROC (Joel Greenblatt) % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Camping World Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Camping World Holdings 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)
=(135.832 + 1869.042 + 43.614) - (386.388 + 99.813 + 83.403)
=1478.884

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(84.493 + 2042.949 + 78.217) - (230.613 + 92.366 + 150.766)
=1731.914

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Camping World Holdings 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 )
=-45.904/( ( (1577.794 + max(1478.884, 0)) + (1574.478 + max(1731.914, 0)) )/ 2 )
=-45.904/( ( 3056.678 + 3306.392 )/ 2 )
=-45.904/3181.535
=-1.44 %

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


Camping World Holdings  (NYSE:CWH) 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.


Camping World Holdings ROC (Joel Greenblatt) % Related Terms

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


Camping World Holdings (Camping World Holdings) Business Description

Traded in Other Exchanges
Address
250 Parkway Drive, Suite 270, Lincolnshire, IL, USA, 60069
Camping World Holdings Inc is retailer of RVs and related products and services. The Company has the two reportable segments 1) Good Sam Services and Plans segment includes sale of emergency roadside assistance plans; commissions on property and casualty insurance programs; travel assist programs; extended vehicle service contracts; vehicle financing and refinancing assistance; consumer shows and events; and consumer publications and directories. 2) RV and Outdoor Retail segment includes the sale of new and used RVs; commissions on the finance and insurance contracts related to the sale of RVs; the sale of RV service and collision work; the sale of RV parts, accessories, sale of outdoor products, equipment, gear and supplies; business to business distribution of RV furniture, etc.
Executives
Thomas E Kirn officer: Chief Accounting Officer C/O CAMPING WORLD, INC., 250 PARKWAY DRIVE, SUITE 270, LINCOLNSHIRE IL 60048
Lindsey Christen officer: See Remarks C/O CAMPING WORLD, INC., 250 PARKWAY DRIVE, SUITE 270, LINCOLNSHIRE IL 60048
Kent Dillon Schickli director
Marcus Lemonis director, 10 percent owner, officer: Chief Executive Officer 200 EAST BROWARD SUITE 920, FT LAUDERDALE FL 33301
Karin L Bell officer: Chief Financial Officer C/O CAMPING WORLD HOLDINGS, INC., 250 PARKWAY DRIVE, SUITE 270, LINCOLNSHIRE IL 60048
Matthew D Wagner officer: EXECUTIVE VICE PRESIDENT C/O CAMPING WORLD HOLDINGS, INC., 250 PARKWAY DRIVE, SUITE 270, LINCOLNSHIRE IL 60069
Crestview Partners Ii Gp, L.p. director, 10 percent owner 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Tamara Ward officer: CHIEF OPERATING OFFICER C/O CAMPING WORLD HOLDINGS, INC., 250 PARKWAY DRIVE, SUITE 270, LINCOLNSHIRE IL 60069
Mary J George director C/O LATHAM & WATKINS LLP, 650 TOWN CENTER DRIVE, 20TH FL, COSTA MESA CA 92626
Michael W Malone director
Stephen Adams director
Abrams Capital Management, L.p. 10 percent owner 222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116
Abrams Capital, Llc 10 percent owner 222 BERKELEY ST., 21ST FLOOR, BOSTON MA 02116
Abrams Capital Management, Llc 10 percent owner 222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116
David C Abrams 10 percent owner 222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116