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Quest Resource Holding ROC (Joel Greenblatt) %

: -16.33% (As of Mar. 2022)
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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. Quest Resource Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was -16.33%.

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

QRHC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -41133.33   Med: -195.62   Max: 54.71
Current: 30.55

During the past 13 years, Quest Resource Holding's highest ROC (Joel Greenblatt) % was 54.71%. The lowest was -41133.33%. And the median was -195.62%.

QRHC's ROC (Joel Greenblatt) % is ranked better than
75.8% of 219 companies
in the Waste Management industry
Industry Median: 13.87 vs QRHC: 30.55

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


Quest Resource Holding ROC (Joel Greenblatt) % Historical Data

The historical data trend for Quest Resource Holding'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.

Quest Resource Holding Annual Data
Trend Jun12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -147.13 -60.74 17.31 39.64 54.71

Quest Resource Holding Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 153.10 139.90 75.12 16.07 -16.33

Competitive Comparison

For the Waste Management subindustry, Quest Resource Holding'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.

   

Quest Resource Holding ROC (Joel Greenblatt) % Distribution

For the Waste Management industry and Industrials sector, Quest Resource Holding's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Quest Resource Holding 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. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(39.949 + 0 + 1.952) - (27.463 + 6.195 + 1.864)
=6.379

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(46.562 + 0 + 2.008) - (32.742 + 7.046 + 1.405)
=7.377

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Quest Resource Holding for the quarter that ended in Mar. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Mar. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.844/( ( (4.488 + max(6.379, 0)) + (4.342 + max(7.377, 0)) )/ 2 )
=-1.844/( ( 10.867 + 11.719 )/ 2 )
=-1.844/11.293
=-16.33 %

Note: The EBIT data used here is four times the quarterly (Mar. 2022) 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.


Quest Resource Holding  (NAS:QRHC) 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.


Quest Resource Holding ROC (Joel Greenblatt) % Related Terms

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


Quest Resource Holding Business Description

Quest Resource Holding logo
Traded in Other Exchanges
Address
3481 Plano Parkway, The Colony, TX, USA, 75056
Quest Resource Holding Corp is a national provider of waste and recycling services to customers from across multiple industry sectors that are typically larger, multi-location businesses. The company creates customer-specific programs and perform the related services for the collection, processing, recycling, disposal, and tracking of waste streams and recyclables. The company's services focus on the waste streams and recyclables from big box, grocers, and other specialty retailers; automotive after-market operations such as automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and fleet operators; manufacturing and industrial facilities; multi-family and commercial properties; restaurant chains and food operations.
Executives
Culpepper Glenn director 6363 S FIDDLER'S GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Allred Alan D. officer: See Remarks C/O QUEST RESOURCE HOLDING CORPORATION 3481 PLANO PARKWAY THE COLONY TX 75056
Coskery Stephen officer: See Remarks C/O QUEST RESOURCE HOLDING CORPORATION 3481 PLANO PARKWAY THE COLONY TX 75056
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Landes Joshua 10 percent owner
Kitt Barry M 10 percent owner
Obus Nelson 10 percent owner
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Wynnefield Capital, Inc. Profit Sharing Plan 10 percent owner 450 SEVENTH AVENUE SUITE 509 NEW YORK NY 10123
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Wadecki Isabell Marie director
Knittel Russell J director C/O SYNAPTICS INCORP 1251 MCKAY DRIVE SAN JOSE CA 95131
Golden Michael F director 2100 ROOSEVELT AVENUE SPRINGFIELD MA 01104

Quest Resource Holding Headlines

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