WTER has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
WTER has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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. The Alkaline Water Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -371.99%.
The historical rank and industry rank for The Alkaline Water Co's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 12 years, The Alkaline Water Co's highest ROC (Joel Greenblatt) % was -151.69%. The lowest was -1269.34%. And the median was -387.75%.
The Alkaline Water Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -9.30% per year.
The historical data trend for The Alkaline Water Co'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.
The Alkaline Water Co Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | -285.42 | -363.72 | -275.16 | -497.39 | -411.78 |
The Alkaline Water Co Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | -310.21 | -362.20 | -198.81 | -636.24 | -371.99 |
For the Beverages - Non-Alcoholic subindustry, The Alkaline Water Co'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.
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, The Alkaline Water Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where The Alkaline Water Co's ROC (Joel Greenblatt) % falls into.
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: Mar. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (6.52 | + | 5.591 | + | 2.802) | - | (13.613 | + | 0 | + | 0) |
= | 1.3 |
Working Capital | (Q: Jun. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (5.06 | + | 5.544 | + | 2.365) | - | (15.016 | + | 0 | + | 0) |
= | -2.047 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of The Alkaline Water Co for the quarter that ended in Jun. 2023 can be restated as:
ROC (Joel Greenblatt) % | (Q: Jun. 2023 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Mar. 2023 | Q: Jun. 2023 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -9.668 | / | ( ( (2.078 + max(1.3, 0)) | + | (1.82 + max(-2.047, 0)) ) | / | 2 ) |
= | -9.668 | / | ( ( 3.378 | + | 1.82 ) | / | 2 ) |
= | -9.668 | / | 2.599 | ||||
= | -371.99 % |
Note: The EBIT data used here is four times the quarterly (Jun. 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.
The Alkaline Water Co (OTCPK:WTER) 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.
Thank you for viewing the detailed overview of The Alkaline Water Co's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
David Guarino | director, officer: CFO, Secretary and Treasurer | 19039 N. 90TH LANE, PEORIA AZ 85382 |
Brian Sudano | director | 11 WOODWAY LANE, WILTON CT 06897 |
David Eric Rauch | director | 16767 N PERIMETER DRIVE, SUITE 320, SCOTTSDALE AZ 85260 |
Frank Thomas Chessman | officer: CEO and President | 347 SOUTH SILVERBROOK DRIVE, ANAHEIM CA 92807 |
Frank Lazaran | director | 6809 LAHONTAN DRIVE, FORTH WORTH TX 76132 |
Ronald V Davella | director | 2600 E SOUTHLAKE BLVD., STE 120-359, SOUTHLAKE TX 76092 |
Aaron Keay | other: Former Director | 7325 BLENHEIM STREET, VANCOUVER A1 V6N 1S2 |
Richard A Wright | director, officer: President, VP, CEO and COO | 1826 E. LAKECREST DRIVE, SCOTTSDALE AZ 85234 |
Bruce Thomas Leitch | director | 109 1141 W7TH AVE, VANCOUVER BC A1 999999999 |
Lifewater Industries, Llc | 10 percent owner | 14301 NORTH 87 STREET, SUITE 301, SCOTTSDALE AZ 85260 |
Win Investments, Llc | 10 percent owner | 14301 NORTH 87 STREET SUITE 301, SCOTTSDALE AZ 85260 |
Steven Paul Nickolas | director, 10 percent owner, officer: President CEO Chairman | 14301 N. 87TH ST. STE 301, SCOTTSDALE AZ 85260 |
From GuruFocus
By Business Wire Business Wire • 05-24-2023
By Business Wire Business Wire • 11-18-2022
By Business Wire Business Wire • 01-26-2023
By Business Wire Business Wire • 12-13-2022
By GuruFocus Research • 08-25-2023
By Business Wire Business Wire • 11-23-2022
By Business Wire Business Wire • 02-24-2023
By Business Wire Business Wire • 04-12-2023
By Business Wire • 08-16-2023
By Business Wire Business Wire • 11-03-2022
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.