CBDY has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
CBDY has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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. Target Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -21.79%.
The historical rank and industry rank for Target Group's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 11 years, Target Group's highest ROC (Joel Greenblatt) % was 19.60%. The lowest was -184.97%. And the median was -60.86%.
Target Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for Target 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.
Target Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
![]() |
![]() |
-184.97 | -81.66 | 16.99 | -54.18 | 19.60 |
Target Group 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 |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
-1.34 | 12.12 | 11.78 | 75.43 | -21.79 |
For the Drug Manufacturers - Specialty & Generic subindustry, Target 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.
For the Drug Manufacturers industry and Healthcare sector, Target Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Target Group's ROC (Joel Greenblatt) % falls into.
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) |
= | (0.473 | + | 0.528 | + | 0.049) | - | (13.028 | + | 0.042 | + | 0.016) |
= | -12.036 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.046 | + | 1.01 | + | 0.051) | - | (13.298 | + | 0.042 | + | 0.0080000000000009) |
= | -12.241 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Target Group 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 ) |
= | -1.044 | / | ( ( (4.855 + max(-12.036, 0)) | + | (4.729 + max(-12.241, 0)) ) | / | 2 ) |
= | -1.044 | / | ( ( 4.855 | + | 4.729 ) | / | 2 ) |
= | -1.044 | / | 4.792 | ||||
= | -21.79 % |
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.
Target Group (OTCPK:CBDY) 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.
Thank you for viewing the detailed overview of Target Group's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Barry Alan Katzman | director | 36 ADDISON DRIVE, ST. CATHERINES A6 L2S 4B7 |
Anthony Carlo Zarcone | director | 564 NORTH SHORE BLVD., BURLINGTON A6 L7T 1X2 |
Frank Michael Monte | director | 18 BRAESIDE SQ, MARKHAM A6 L3R 0A5 |
Saul Niddam | director | 42 HEATHVIEW AVE, NORTH YORK A6 M2K 2C1 |
Azmatali Mehrali | officer: CFO | 134 BRIDGEPOINTE COURT, AURORA A6 L4H 3H8 |
Alexander Starr | director, 10 percent owner, officer: President | 1131A LESLIE STREET, SUITE 101, TORONTO A6 M3C 3L8 |
Rubin Schindermann | director, 10 percent owner, officer: CEO | 1131A LESLIE STREET, SUITE 101, TORONTO A6 M3C 3L8 |
Weinstein Family (2015) Trust | 10 percent owner | 52 RIDOUT STREET EAST, TILLSONBURG A6 N4G 2E3 |
Chess Supersite Inc. (canada) | 10 percent owner | 1131A LESLIE STREET, SUITE 101, TORONTO A6 M3C 3L8 |
Nava Starr | other: See Remarks | 1131A LESLIE STREET, SUITE 101, TORONTO A6 M3C 3L8 |
James M Cassidy | director, 10 percent owner, officer: president | 215 APOLENA AVENUE, NEWPORT BEACH CA 92662 |
James K Mckillop | director, 10 percent owner, officer: vice president | 9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212 |
From GuruFocus
By PRNewswire PRNewswire • 10-05-2021
By Marketwired Marketwired • 10-24-2018
By PRNewswire PRNewswire • 10-08-2019
By PRNewswire PRNewswire • 02-24-2021
By Marketwired Marketwired • 10-23-2018
By Marketwired Marketwired • 11-01-2018
By Marketwired Marketwired • 01-29-2019
By Marketwired Marketwired • 12-11-2018
By PRNewswire PRNewswire • 06-19-2019
By Marketwired Marketwired • 10-30-2018
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.