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C-Comtellite Systems (C-Comtellite Systems) ROC (Joel Greenblatt) % : 18.90% (As of Feb. 2024)


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What is C-Comtellite Systems 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. C-Comtellite Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 18.90%.

The historical rank and industry rank for C-Comtellite Systems's ROC (Joel Greenblatt) % or its related term are showing as below:

CYSNF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.37   Med: 30.35   Max: 79.04
Current: 28.19

During the past 13 years, C-Comtellite Systems's highest ROC (Joel Greenblatt) % was 79.04%. The lowest was -4.37%. And the median was 30.35%.

CYSNF's ROC (Joel Greenblatt) % is ranked better than
77.43% of 2477 companies
in the Hardware industry
Industry Median: 9.57 vs CYSNF: 28.19

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


C-Comtellite Systems ROC (Joel Greenblatt) % Historical Data

The historical data trend for C-Comtellite Systems'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.

C-Comtellite Systems ROC (Joel Greenblatt) % Chart

C-Comtellite Systems Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.08 -4.41 27.33 20.05 18.76

C-Comtellite Systems Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 -26.00 15.99 -13.93 86.33 18.90

Competitive Comparison of C-Comtellite Systems's ROC (Joel Greenblatt) %

For the Communication Equipment subindustry, C-Comtellite Systems'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.


C-Comtellite Systems's ROC (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, C-Comtellite Systems's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where C-Comtellite Systems's ROC (Joel Greenblatt) % falls into.



C-Comtellite Systems 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: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.072 + 6.451 + 0.076000000000001) - (0.652 + 0 + 0)
=6.947

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.958 + 6.425 + 0.134) - (0.954 + 0 + 0)
=6.563

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of C-Comtellite Systems for the quarter that ended in Feb. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.296/( ( (0.106 + max(6.947, 0)) + (0.1 + max(6.563, 0)) )/ 2 )
=1.296/( ( 7.053 + 6.663 )/ 2 )
=1.296/6.858
=18.90 %

Note: The EBIT data used here is four times the quarterly (Feb. 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.


C-Comtellite Systems  (OTCPK:CYSNF) 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.


C-Comtellite Systems ROC (Joel Greenblatt) % Related Terms

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C-Comtellite Systems (C-Comtellite Systems) Business Description

Traded in Other Exchanges
Address
2574 Sheffield Road, Ottawa, ON, CAN, K1B 3V7
C-Com Satellite Systems Inc. is a Canadian based company. It is engaged in the designing, development, and manufacturing of mobile satellite-based antenna systems. The product portfolio comprises Driveaway antennas, Flyaway antennas, Fixed motorized antennas and others Geographically, the group has a business presence in Canada, Singapore, Europe, Asia, the US and other countries.

C-Comtellite Systems (C-Comtellite Systems) Headlines