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Craneware (LSE:CRW) ROC (Joel Greenblatt) % : 218.97% (As of Dec. 2023)


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What is Craneware 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. Craneware's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 218.97%.

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

LSE:CRW' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 222.13   Med: 893.69   Max: 1501.92
Current: 244.75

During the past 13 years, Craneware's highest ROC (Joel Greenblatt) % was 1501.92%. The lowest was 222.13%. And the median was 893.69%.

LSE:CRW's ROC (Joel Greenblatt) % is ranked better than
94.97% of 656 companies
in the Healthcare Providers & Services industry
Industry Median: 9.225 vs LSE:CRW: 244.75

Craneware's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -33.80% per year.


Craneware ROC (Joel Greenblatt) % Historical Data

The historical data trend for Craneware'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.

Craneware ROC (Joel Greenblatt) % Chart

Craneware Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,501.92 767.28 388.92 327.89 222.13

Craneware Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 235.34 224.60 202.19 263.06 218.97

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

For the Health Information Services subindustry, Craneware'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.


Craneware's ROC (Joel Greenblatt) % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Craneware's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Craneware 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)
=(19.145 + 0 + 1.55) - (5.391 + 0 + 88.057)
=-72.753

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32.672 + 0 + 1.544) - (4.632 + 0 + 109.507)
=-79.923

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Craneware 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 )
=13.758/( ( (6.703 + max(-72.753, 0)) + (5.863 + max(-79.923, 0)) )/ 2 )
=13.758/( ( 6.703 + 5.863 )/ 2 )
=13.758/6.283
=218.97 %

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.


Craneware  (LSE:CRW) 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.


Craneware ROC (Joel Greenblatt) % Related Terms

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Craneware (LSE:CRW) Business Description

Traded in Other Exchanges
Address
1 Tanfield, Scotland, Edinburgh, GBR, EH3 5DA
Craneware PLC provides automated revenue integrity solutions that improve financial performance for healthcare organizations. Its activities include the development, licensing and ongoing support of computer software for the us healthcare industry. It is engaged in sale of software licences, white labelling and professional services (including installation) to hospitals within the USA. Craneware recognizes its revenues from the sale of, and distribution agreements relating to, software licences and professional services.

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