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Emeco Holdings ROC (Joel Greenblatt) %

: 17.04% (As of Jun. 2021)
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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. Emeco Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 17.04%.

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

OTCPK:EOHDF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -37.68   Med: 7.38   Max: 17.86
Current: 16.96

-37.68
17.86

During the past 13 years, Emeco Holdings's highest ROC (Joel Greenblatt) % was 17.86%. The lowest was -37.68%. And the median was 7.38%.

OTCPK:EOHDF's ROC (Joel Greenblatt) % is ranked higher than
50% of the 1042 Companies
in the Business Services industry.

( Industry Median: 16.71 vs. OTCPK:EOHDF: 16.96 )

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


Emeco Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Emeco 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.

Emeco Holdings Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -27.35 9.50 17.29 17.14 17.95

Emeco Holdings Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
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 16.61 17.43 16.91 17.60 17.04

Competitive Comparison

For the Rental & Leasing Services subindustry, Emeco 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.

   

Emeco Holdings ROC (Joel Greenblatt) % Distribution

For the Business Services industry and Industrials sector, Emeco Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Emeco 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: Dec. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(80.381777108434 + 12.103162650602 + 6.2025602409639) - (68.237951807229 + 0 + 13.665662650602)
=16.783885542169

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(73.741590214067 + 14.680428134557 + 7.6613149847095) - (84.107033639144 + 0 + 18.548165137615)
=-6.5718654434251

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Emeco Holdings for the quarter that ended in Jun. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2020  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=91/( ( (514.61972891566 + max(16.783885542169, 0)) + (536.76070336391 + max(-6.5718654434251, 0)) )/ 2 )
=91/( ( 531.40361445783 + 536.76070336391 )/ 2 )
=91/534.08215891087
=17.04 %

Note: The EBIT data used here is two times the semi-annual (Jun. 2021) 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.


Emeco Holdings  (OTCPK:EOHDF) 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.


Emeco Holdings ROC (Joel Greenblatt) % Related Terms

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


Emeco Holdings Business Description

Emeco Holdings logo
Industry
Traded in Other Exchanges
Address
Level 3, 71 Walters Drive, Osborne Park, Perth, WA, AUS, 6017
Emeco Holdings Ltd owns and operates a fleet of original equipment manufacturer machines to deliver equipment rental solutions. Its reportable segments are Australian Rental that provides a wide range of earthmoving equipment to customers in Australia, Australian Workshops which is engaged in providing maintenance services to customers in Australia and Pit N Portal which provides a range of mining services solutions and associated services to customers in Australia.. The company generates a majority of its revenue from the Australian Rental Segment. Geographically, it generates a majority of its revenue from Australia.

Emeco Holdings Headlines

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