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ACHC (Acadia Healthcare Co) ROC (Joel Greenblatt) % : 18.95% (As of Sep. 2024)


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What is Acadia Healthcare Co 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. Acadia Healthcare Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 18.95%.

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

ACHC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.52   Med: 14.78   Max: 23.44
Current: 19.42

During the past 13 years, Acadia Healthcare Co's highest ROC (Joel Greenblatt) % was 23.44%. The lowest was 2.52%. And the median was 14.78%.

ACHC's ROC (Joel Greenblatt) % is ranked better than
62.16% of 666 companies
in the Healthcare Providers & Services industry
Industry Median: 10.105 vs ACHC: 19.42

Acadia Healthcare Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.60% per year.


Acadia Healthcare Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Acadia Healthcare 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.

* Premium members only.

Acadia Healthcare Co ROC (Joel Greenblatt) % Chart

Acadia Healthcare Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.27 15.73 15.20 22.03 2.52

Acadia Healthcare Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -47.49 17.27 20.43 20.97 18.95

Competitive Comparison of Acadia Healthcare Co's ROC (Joel Greenblatt) %

For the Medical Care Facilities subindustry, Acadia Healthcare 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.


Acadia Healthcare Co's ROC (Joel Greenblatt) % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Acadia Healthcare Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Acadia Healthcare Co's ROC (Joel Greenblatt) % falls into.



Acadia Healthcare Co 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(389.374 + 5.988 + 57.451) - (450.147 + 1.801 + 0)
=0.86500000000005

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(383.945 + 5.514 + 75.228) - (507.859 + 1.691 + 0)
=-44.863

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Acadia Healthcare Co for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=513.964/( ( (2621.129 + max(0.86500000000005, 0)) + (2802.578 + max(-44.863, 0)) )/ 2 )
=513.964/( ( 2621.994 + 2802.578 )/ 2 )
=513.964/2712.286
=18.95 %

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


Acadia Healthcare Co  (NAS:ACHC) 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.


Acadia Healthcare Co ROC (Joel Greenblatt) % Related Terms

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


Acadia Healthcare Co Business Description

Traded in Other Exchanges
Address
6100 Tower Circle, Suite 1000, Franklin, TN, USA, 37067
Acadia Healthcare Co Inc acquires and develops behavioral healthcare facilities in the United States, United Kingdom, and Puerto Rico. Acute inpatient psychiatric facilities and specialty treatment facilities contribute the vast majority of Acadia's revenue in the United States. The U.S. facilities receive the major proportion of payments from Medicaid, with the second-largest proportion from commercial payors. In the United Kingdom, the majority of Acadia's revenue comes from its healthcare facilities, and virtually all of the payment received is from the National Health Service.
Executives
Wade D Miquelon director 108 WILMOT ROAD, DEERFIELD IL 60015
Vicky B Gregg director 1 CAMERON HILL CIRCLE, CHATTANOOGA TN 37402
Debra K Osteen director, officer: Chief Executive Officer 367 SOUTH GULPH ROAD, KING PRUSSIA PA 19406
John S. Hollinsworth officer: EVP of Operations 6100 TOWER CIRCLE, SUITE 1000, FRANKLIN TN 37067
Patrice A Harris director 514 MARKET ST., PARKERSBURG WV 26101
Brian Farley officer: EVP , GC and Secretary 222 MERCHANDISE MART PLAZA, SUITE 2024, CHICAGO IL 60654
Heather Brianne Dixon officer: Chief Financial Officer AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156
William Grieco director 830 CRESCENT CENTRE DRIVE, SUITE 610, FRANKLIN TN 37067
William M Petrie director 310 25TH AVENUE NORTH, SUITE 309, NASHVILLE TN 37203
Ralph David Kelly director 4005 WOOD LAKE DRIVE, PLANO TX 75093
Christopher H. Hunter director, officer: Chief Executive Officer 500 W MAIN STREET, LOUISVILLE KY 40202
Reeve B Waud director, 10 percent owner 300 N LASALLE ST, SUITE 4900, CHICAGO IL 60654
Christopher L Howard 10 percent owner, officer: EVP, GC and Secretary 830 CRESCENT CENTRE DRIVE, SUITE 610, FRANKLIN TN 37067
David M. Duckworth officer: Chief Financial Officer 830 CRESCENT CENTRE DRIVE, SUITE 610, FRANKLIN TN 37067
Michael Fucci director 6100 TOWER CIR #1000, FRANKLIN TN 37067

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