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Cherubim Interests (Cherubim Interests) ROC (Joel Greenblatt) % : 1,672.73% (As of May. 2017)


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What is Cherubim Interests 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. Cherubim Interests's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2017 was 1,672.73%.

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

CHIT's ROC (Joel Greenblatt) % is not ranked *
in the Real Estate industry.
Industry Median: 10.4
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Cherubim Interests ROC (Joel Greenblatt) % Historical Data

The historical data trend for Cherubim Interests'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.

Cherubim Interests ROC (Joel Greenblatt) % Chart

Cherubim Interests Annual Data
Trend Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only -175.71 -165.71 -1,334.47 -4,834.48 1,666.67

Cherubim Interests Quarterly Data
Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17
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 1,476.92 81,640.00 -134,026.67 -676.92 1,672.73

Competitive Comparison of Cherubim Interests's ROC (Joel Greenblatt) %

For the Real Estate - Development subindustry, Cherubim Interests'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.


Cherubim Interests's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cherubim Interests's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Cherubim Interests 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: Feb. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.106 + 0.363 + -0.001) - (0.456 + 0.478 + 0.1)
=-0.566

Working Capital(Q: May. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.079 + 0.289 + 0.036) - (0.615 + 0.236 + 0.063)
=-0.51

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Cherubim Interests for the quarter that ended in May. 2017 can be restated as:

ROC (Joel Greenblatt) %(Q: May. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2017  Q: May. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.092/( ( (0.006 + max(-0.566, 0)) + (0.005 + max(-0.51, 0)) )/ 2 )
=0.092/( ( 0.006 + 0.005 )/ 2 )
=0.092/0.0055
=1,672.73 %

Note: The EBIT data used here is four times the quarterly (May. 2017) 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.


Cherubim Interests  (OTCPK:CHIT) 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.


Cherubim Interests ROC (Joel Greenblatt) % Related Terms

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Cherubim Interests (Cherubim Interests) Business Description

Traded in Other Exchanges
N/A
Address
1304 Norwood Drive, Bedford, TX, USA, 76022
Cherubim Interests Inc is a development stage company operates in real estate business. It focuses on alternative construction projects. The company specializes in covering the entire spectrum of development including due diligence, acquisition, planning, construction, renovation, and management; providing complete beginning-to-end development programs for mixed use, single, and multifamily projects and properties. Geographically, the activities are operated through the region of US.

Cherubim Interests (Cherubim Interests) Headlines

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