Environmental Clean Technologies (ASX:ECT) ROC (Joel Greenblatt) % : -87.16% (As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

What is Environmental Clean Technologies 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. Environmental Clean Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -87.16%.

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

ASX:ECT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3613.81 Med: -184.45 Max: -75.96
Current: -75.96

During the past 13 years, Environmental Clean Technologies's highest ROC (Joel Greenblatt) % was -75.96%. The lowest was -3613.81%. And the median was -184.45%.

ASX:ECT's ROC (Joel Greenblatt) % is ranked worse than
94.15% of 3010 companies
in the Industrial Products industry
Industry Median: 13.725 vs ASX:ECT: -75.96

Environmental Clean Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 51.50% per year.

Environmental Clean Technologies ROC (Joel Greenblatt) % Historical Data

The historical data trend for Environmental Clean Technologies'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.

Environmental Clean Technologies ROC (Joel Greenblatt) % Chart

Environmental Clean Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROC (Joel Greenblatt) %

Get a 7-Day Free Trial

-3,613.81

-228.14

-84.66

-117.63

-85.56

Environmental Clean Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															-87.08	-140.97	-94.15	-67.02	-87.16

Competitive Comparison of Environmental Clean Technologies's ROC (Joel Greenblatt) %

For the Pollution & Treatment Controls subindustry, Environmental Clean Technologies'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.

Environmental Clean Technologies's ROC (Joel Greenblatt) % Distribution in the Industrial Products Industry

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

* The bar in red indicates where Environmental Clean Technologies's ROC (Joel Greenblatt) % falls into.

Environmental Clean Technologies 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. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.057)	-	(0.693	+	0	+	0.019)
=	-0.655

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.616	+	0	+	0.041)	-	(0.48	+	0	+	0.013)
=	0.164

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Environmental Clean Technologies for the quarter that ended in Dec. 2023 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.362	/	( ( (5.021 + max(-0.655, 0))	+	(4.824 + max(0.164, 0)) )	/	2 )
=	-4.362	/	( ( 5.021	+	4.988 )	/	2 )
=	-4.362	/	5.0045
=	-87.16 %

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Environmental Clean Technologies (ASX:ECT) 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.

Environmental Clean Technologies ROC (Joel Greenblatt) % Related Terms

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

Environmental Clean Technologies (ASX:ECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Environmental Clean Technologies Ltd (ASX:ECT) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

209 Toorak Road, Suite 37, South Yarra, VIC, AUS, 3141

Website

https://www.ectltd.com.au

Environmental Clean Technologies Ltd is in the business of commercializing coal and iron-making technologies, which are capable of delivering both financial and environmental benefits. Its activities include the following processes: Coldry Process and Hydromor Process. The Coldry process is the company's first technology to be commercially viable as an economic method of dewatering brown coal to produce a black coal equivalent. Hydromor is a clean, low-emission, one-step process for producing high-grade primary iron using low-cost lignite to displace the need for coking coals as used in the incumbent blast furnace process.

Environmental Clean Technologies (ASX:ECT) Headlines

No Headlines