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BE (Bloom Energy) ROC (Joel Greenblatt) % : 0.62% (As of Sep. 2024)


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What is Bloom Energy 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. Bloom Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.62%.

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

BE' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -47.25   Med: -29   Max: -4.95
Current: -4.95

During the past 8 years, Bloom Energy's highest ROC (Joel Greenblatt) % was -4.95%. The lowest was -47.25%. And the median was -29.00%.

BE's ROC (Joel Greenblatt) % is ranked worse than
82.18% of 3002 companies
in the Industrial Products industry
Industry Median: 12.21 vs BE: -4.95

Bloom Energy's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.90% per year.


Bloom Energy ROC (Joel Greenblatt) % Historical Data

The historical data trend for Bloom Energy'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.

Bloom Energy ROC (Joel Greenblatt) % Chart

Bloom Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial -31.25 -14.95 -16.50 -30.81 -18.88

Bloom Energy 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 -37.94 6.57 -13.31 -12.91 0.62

Competitive Comparison of Bloom Energy's ROC (Joel Greenblatt) %

For the Electrical Equipment & Parts subindustry, Bloom Energy'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.


Bloom Energy's ROC (Joel Greenblatt) % Distribution in the Industrial Products Industry

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

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



Bloom Energy 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)
=(524 + 520.216 + 101.45) - (176.988 + 114.646 + 52.499)
=801.533

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(590.794 + 584.484 + 99.699) - (211.928 + 144.81 + 54.104)
=864.135

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bloom Energy 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 )
=8.96/( ( (629.349 + max(801.533, 0)) + (617.648 + max(864.135, 0)) )/ 2 )
=8.96/( ( 1430.882 + 1481.783 )/ 2 )
=8.96/1456.3325
=0.62 %

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.


Bloom Energy  (NYSE:BE) 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.


Bloom Energy ROC (Joel Greenblatt) % Related Terms

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


Bloom Energy Business Description

Traded in Other Exchanges
Address
4353 North First Street, San Jose, CA, USA, 95134
Bloom Energy designs, manufactures, sells, and installs solid-oxide fuel cell systems ("Energy Servers") for on-site power generation. Bloom Energy Servers are fuel-flexible and can use natural gas, biogas, and hydrogen to create 24/7 electricity for stationary applications. In 2021, the company announced plans to leverage its technology and enter the electrolyzer market. Bloom primarily sells its systems in the United States and internationally.
Executives
Kr Sridhar director, officer: Chairman & CEO 1299 ORLEANS DRIVE, SUNNYVALE CA 94089
Eddy Zervigon director 1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Shawn Marie Soderberg officer: EVP, GC & Secretary 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547
Guillermo Brooks officer: EVP, Sales - Americas 4353 NORTH FIRST STREET, SAN JOSE CA 95134
Sharelynn Faye Moore officer: EVP, Chief Marketing Officer 424 W. HIGH DRIVE, SPOKANE WA 99203
Cynthia J Warner director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Glen Griffiths officer: EVP, Services 4353 NORTH FIRST STREET, SAN JOSE CA 95134
Gregory D Cameron officer: See Remarks 4353 NORTH FIRST STREET, SAN JOSE CA 95134
Jeffrey R Immelt director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
John T Chambers director 170 W. TASMAN DR., SAN JOSE CA 95134-1706
Michael J Boskin director C/O RIPPLEWOOD HOLDINGS LLC, ONE ROCKERFELLER PLAZA, NEW YORK NY 10020
Mary K Bush director 3509 WOODBINE STREET, CHEVY CHASE MD 20815
Swaminathan Venkataraman officer: EVP of Engineering and CTO 1299 ORLEANS DRIVE, SUNNYVALE CA 94089
Sk Ecoplant Co., Ltd. 10 percent owner 19 YULGOK-RO 2-GIL, JONGNO-GU, SEOUL M5 03149
Susan Seilheimer Brennan officer: EVP and COO 1299 ORLEANS DRIVE, SUNNYVALE CA 94089