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. Brite-Strike Tactical Illumination Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was 108.60%.
BSTK's ROC (Joel Greenblatt) % is not ranked *
in the Industrial Products industry.
Industry Median: 11.75 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
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.
* 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.
BSTK vs CHEV, DCFCQ, KRFG: ROC (Joel Greenblatt) % Comparison
For the Electrical Equipment & Parts subindustry, Brite-Strike Tactical Illumination Products'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.
Brite-Strike Tactical Illumination Products ROC (Joel Greenblatt) % vs Industrial Products Industry
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:
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.
Note:
The EBIT data used here is four times the quarterly (Dec. 2015) 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.
What does a ROC (Joel Greenblatt) % of 108.60% mean?
Brite-Strike Tactical Illumination Products (BSTK) has a ROC (Joel Greenblatt) % of 108.60% as of Dec. 2015. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Brite-Strike Tactical Illumination Products and its competitors.
Is Brite-Strike Tactical Illumination Products' ROC (Joel Greenblatt) % too high?
Brite-Strike Tactical Illumination Products' current ROC (Joel Greenblatt) % is 108.60%. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.75. Brite-Strike Tactical Illumination Products' value of 108.60% is 824.3% above this industry median.
How does Brite-Strike Tactical Illumination Products' ROC (Joel Greenblatt) % compare to CHEV and DCFCQ?
Brite-Strike Tactical Illumination Products' ROC (Joel Greenblatt) % of 108.60% can be compared against companies in the Industrial Products industry. The industry median ROC (Joel Greenblatt) % is 11.75. Brite-Strike Tactical Illumination Products' value of 108.60% is 824.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.75, based on 3,055 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Brite-Strike Tactical Illumination Products's current ROC (Joel Greenblatt) % of 108.60% is 824.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Brite-Strike Tactical Illumination Products and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brite-Strike Tactical Illumination Products's current ROC (Joel Greenblatt) % is 108.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brite-Strike Tactical Illumination Products stock overvalued right now?
Brite-Strike Tactical Illumination Products (BSTK) has a current ROC (Joel Greenblatt) % of 108.60%. The current ROC (Joel Greenblatt) % is 108.60% and 824.3% above the Industrial Products industry median of 11.75. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Brite-Strike Tactical Illumination Products (BSTK), the current ROC (Joel Greenblatt) % is 108.60% as of Dec. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Brite-Strike Tactical Illumination Products Business Description
Brite-Strike Tactical Illumination Products Inc is engaged in the Design and manufacture micro circuit LEDs. The company develops and manufactures ultra-thin micro circuit-based LED lighting devices designed for waterproof and shockproof performance. Its products are used in applications such as military and law enforcement, outdoor recreation, marine, medical devices, and insect repelling. The company also designs and manufactures many other lighting products under its own brand.
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