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One Health Group (AQSE:OHGR) ROC (Joel Greenblatt) % : 103.00% (As of Mar. 2024)


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What is One Health Group 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. One Health Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 103.00%.

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

AQSE:OHGR' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.52   Med: 56.76   Max: 103
Current: 103

During the past 2 years, One Health Group's highest ROC (Joel Greenblatt) % was 103.00%. The lowest was 10.52%. And the median was 56.76%.

AQSE:OHGR's ROC (Joel Greenblatt) % is ranked better than
89.48% of 675 companies
in the Healthcare Providers & Services industry
Industry Median: 9.87 vs AQSE:OHGR: 103.00

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


One Health Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for One Health Group'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.

One Health Group ROC (Joel Greenblatt) % Chart

One Health Group Annual Data
Trend Mar23 Mar24
ROC (Joel Greenblatt) %
10.52 103.00

One Health Group Semi-Annual Data
Mar23 Mar24
ROC (Joel Greenblatt) % 10.52 103.00

Competitive Comparison of One Health Group's ROC (Joel Greenblatt) %

For the Medical Care Facilities subindustry, One Health Group'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.


One Health Group's ROC (Joel Greenblatt) % Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where One Health Group's ROC (Joel Greenblatt) % falls into.


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One Health Group 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: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.087 + 0 + 0.068) - (1.416 + 0 + 2.403)
=0.336

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.239 + 0 + 0.964) - (2.399 + 0 + 2.3)
=-1.496

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of One Health Group for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.629/( ( (1.347 + max(0.336, 0)) + (1.48 + max(-1.496, 0)) )/ 2 )
=1.629/( ( 1.683 + 1.48 )/ 2 )
=1.629/1.5815
=103.00 %

Note: The EBIT data used here is one times the annual (Mar. 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.


One Health Group  (AQSE:OHGR) 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.


One Health Group ROC (Joel Greenblatt) % Related Terms

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One Health Group Business Description

Traded in Other Exchanges
Address
131 Psalter Lane, Sheffield, South Yorkshire, GBR, S11 8UX
One Health Group Plc is a provider of medical procedures, focused largely across four specialties being: Orthopaedics, Spinal Surgery, General Surgery and Gynaecology. The company engages over 100 NHS Consultants who sub-specialise in the various surgeries offered by the Group, or the provision of anaesthetic support, through a growing network of community-based outreach clinics and surgical operating locations. Company's patient pathway is based on providing outpatient care and physiotherapy rehabilitation locally, directing surgical patients to one of its local Hub independent sector hospitals.

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