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Abtech Holdings (Abtech Holdings) ROC (Joel Greenblatt) % : -2,203.37% (As of Sep. 2018)


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What is Abtech Holdings 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. Abtech Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was -2,203.37%.

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

ABHD's ROC (Joel Greenblatt) % is not ranked *
in the Industrial Products industry.
Industry Median: 13.65
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Abtech Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Abtech 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.

Abtech Holdings ROC (Joel Greenblatt) % Chart

Abtech Holdings Annual Data
Trend May08 May09 May10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8,700.75 -9,297.44 -18,383.84 -10,667.44 -3,931.18

Abtech Holdings Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 -2,613.77 -2,991.30 -2,742.86 -2,257.14 -2,203.37

Competitive Comparison of Abtech Holdings's ROC (Joel Greenblatt) %

For the Pollution & Treatment Controls subindustry, Abtech 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.


Abtech Holdings's ROC (Joel Greenblatt) % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Abtech Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Abtech 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: Jun. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.08 + 0.364 + 0.054) - (12.64 + 0 + -1.7763568394003E-15)
=-12.142

Working Capital(Q: Sep. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.079 + 0.382 + 0.039) - (13.604 + 0 + 1.7763568394003E-15)
=-13.104

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Abtech Holdings for the quarter that ended in Sep. 2018 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2018  Q: Sep. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.272/( ( (0.142 + max(-12.142, 0)) + (0.155 + max(-13.104, 0)) )/ 2 )
=-3.272/( ( 0.142 + 0.155 )/ 2 )
=-3.272/0.1485
=-2,203.37 %

Note: The EBIT data used here is four times the quarterly (Sep. 2018) 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.


Abtech Holdings  (OTCPK:ABHD) 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.


Abtech Holdings ROC (Joel Greenblatt) % Related Terms

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Abtech Holdings (Abtech Holdings) Business Description

Traded in Other Exchanges
N/A
Address
4110 North Scottsdale Road, Suite 235, Scottsdale, AZ, USA, 85251
Abtech Holdings Inc is a full-service environmental technology and engineering firm. The company operates in one business segment which is the Filtration and Treatment of Polluted Water. Abtech sells products and systems for the treatment of stormwater, industrial process water and produced water in oil and gas extraction operations. It also provides water management solutions for upstream, midstream and downstream industries in oil and gas. Its product portfolio comprises Smart Sponge, Ultra-Urban Filter, Smart Vault, Line Skimmer, Bilge Skimmer and Smart Drum.
Executives
William C Mccartney director WATTS INDUSTRIES INC, ROUTE 815 CHESTNUT ST, NORTH ANDOVER MA 01845
Steven W Kohlhagen director AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312

Abtech Holdings (Abtech Holdings) Headlines

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