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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. American Battery Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -94.46%.
The historical rank and industry rank for American Battery Technology Co's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 11 years, American Battery Technology Co's highest ROC (Joel Greenblatt) % was -76.83%. The lowest was -708.33%. And the median was -191.78%.
American Battery Technology Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for American Battery Technology 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.
American Battery Technology Co Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Jun21 | Jun22 | Jun23 | Jun24 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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- | -708.33 | -272.63 | -76.83 | -110.93 |
American Battery Technology Co Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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-49.70 | -48.30 | -162.57 | -75.14 | -94.46 |
For the Other Industrial Metals & Mining subindustry, American Battery Technology 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 Metals & Mining industry and Basic Materials sector, American Battery Technology Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where American Battery Technology 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: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.174 | + | 0.256 | + | 9.054) | - | (7.382 | + | 0 | + | 1.7763568394003E-15) |
= | 2.102 |
Working Capital | (Q: Dec. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.324 | + | 0.574 | + | 13.936) | - | (7.167 | + | 0 | + | 0) |
= | 7.667 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of American Battery Technology Co for the quarter that ended in Dec. 2024 can be restated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2024 | Q: Dec. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -55.204 | / | ( ( (53.83 + max(2.102, 0)) | + | (53.285 + max(7.667, 0)) ) | / | 2 ) |
= | -55.204 | / | ( ( 55.932 | + | 60.952 ) | / | 2 ) |
= | -55.204 | / | 58.442 | ||||
= | -94.46 % |
Note: The EBIT data used here is four times the quarterly (Dec. 2024) 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.
American Battery Technology Co (NAS:ABAT) 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 American Battery Technology Co's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott Jolcover | officer: Chief Resource Officer | PO BOX 1118, VIRGINIA CITY NV 89440 |
Jesse Samuel Deutsch | officer: Chief Financial Officer | 269 BOOTH LN, HAVERFORD PA 19041 |
Fezell Donald Richard Jr | director | PO BOX 2384, CARMEL CA 93921 |
Kimberly Ann Eckert | officer: Chief Financial Officer | 1560 W 37TH AVE, DENVER CO 80211 |
Elizabeth Ann Lowery | director | 275 DATE PALM RD #303, VERO BEACH FL 32963 |
Douglas Cole | director, officer: CEO, CFO | C/O AMERICAN BATTERY METALS CORP, 930 TAHOE BLVD, STE 802-16, INCLINE VILLAGE NV 89451 |
Julia Blunden | director | 16765 EDGAR ST., PACIFIC PALISADES CA 90272 |
Sherif Marakby | director | 6061 FAIRBORN DR, CANTON MI 48187 |
Douglas Charles Maclellan | director | 11825 MAJOR STREET, CULVER CITY CA 90230 |
David Bruce Batstone | director | PO BOX 253, EL GRANADA CA 94018 |
Meza Leal Andres Manuel | officer: Chief Operating Officer | 202 SEAVIEW STREET, #209, MANHATTAN BEACH CA 90266 |
John Hunter William | director | 930 TAHOE BOULEVARD, SUITE 802-16, INCLINE VILLAGE NV 89451 |
David Corsaut | officer: Chief Financial Officer | 22120 SERENATA CIRCLE, BOCA RATON FL 33433 |
Ryan Mitchell Melsert | director, officer: Chief Technology Officer | 255 N SIERRA ST, UNIT 1512, RENO NV 89501 |
Michael Thomas Mason | director, officer: Chief Executive Officer | 142 STRATFORD AVE, GARDEN CITY NY 11530 |
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