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ENR (Energizer Holdings) ROC (Joel Greenblatt) % : 41.20% (As of Sep. 2024)


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What is Energizer Holdings 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. Energizer Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 41.20%.

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

ENR' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.13   Med: 30.28   Max: 110.78
Current: 21.5

During the past 13 years, Energizer Holdings's highest ROC (Joel Greenblatt) % was 110.78%. The lowest was -15.13%. And the median was 30.28%.

ENR's ROC (Joel Greenblatt) % is ranked better than
67.16% of 3002 companies
in the Industrial Products industry
Industry Median: 12.21 vs ENR: 21.50

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


Energizer Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Energizer Holdings'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.

Energizer Holdings ROC (Joel Greenblatt) % Chart

Energizer Holdings Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.63 28.86 -15.13 31.69 21.55

Energizer Holdings 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 24.29 20.00 33.52 -7.71 41.20

Competitive Comparison of Energizer Holdings's ROC (Joel Greenblatt) %

For the Electrical Equipment & Parts subindustry, Energizer Holdings'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.


Energizer Holdings's ROC (Joel Greenblatt) % Distribution in the Industrial Products Industry

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

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



Energizer Holdings 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)
=(368.9 + 686.7 + 142.8) - (565.6 + 0 + 103.3)
=529.5

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(441.3 + 657.3 + 110.1) - (661.3 + 0 + 125.6)
=421.8

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Energizer Holdings 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 )
=389.2/( ( (463.2 + max(529.5, 0)) + (474.8 + max(421.8, 0)) )/ 2 )
=389.2/( ( 992.7 + 896.6 )/ 2 )
=389.2/944.65
=41.20 %

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.


Energizer Holdings  (NYSE:ENR) 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.


Energizer Holdings ROC (Joel Greenblatt) % Related Terms

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


Energizer Holdings Business Description

Traded in Other Exchanges
Address
8235 Forsyth Boulevard, Suite 100, Saint Louis, MO, USA, 63105
Energizer Holdings Inc makes and distributes household batteries, specialty batteries, and lighting products. Energizer offers batteries using lithium, alkaline, carbon-zinc, nickel-metal hydride, zinc-air, and silver oxide technologies. These products are sold under the Energizer, Rayovac, Varta and Eveready brands at performance and premium price segments. It also offers auto care products in the appearance, fragrance, performance, and air conditioning recharge product categories. The company operates in two geographical segments: Americas and International, of which the majority of its revenue is derived from the America. It has two product segments: Batteries & Lights and Auto Care. It earns maximum revenue from Batteries & Lights segment.
Executives
Robin Vauth officer: EVP, International 533 MARYVILLE UNIVERSITY DRIVE, ST. LOUIS MO 63141
Sara B. Hampton officer: VP, Cont. & Chief Acct. Off. 533 MARYVILLE UNIVERSITY DR., SAINT LOUIS MO 63141
Patrick J Moore director C/O SMURFIT STONE CONTAINER CORP, 150 NORTH MICHIGAN AVE, CHICAGO IL 60661
Mark Stephen Lavigne officer: EXECUTIVE VP, COO 533 MARYVILLE UNIVERSITY DRIVE, ST. LOUIS MO 63141
Bill G Armstrong director P O BOX 618, SAINT LOUIS MO 63101
Michael A Lampman officer: EVP, NA & Global Bus. Units 533 MARYVILLE UNIVERSITY DRIVE, SAINT LOUIS MO 63141
Timothy W Gorman officer: VP, Controller & PAO 1475 E. WOODFIELD ROAD, SCHAUMBURG IL 60173
Donal L Mulligan director ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Robert V Vitale director C/O POST HOLDINGS, INC., 2503 SOUTH HANLEY ROAD, ST. LOUIS MO 63144
John J Drabik officer: SVP, Corporate Controller 533 MARYVILLE UNIVERSITY DRIVE, SAINT LOUIS MO 63141
Carlos Abrams-rivera director THE KRAFT HEINZ COMPANY, 200 E. RANDOLPH STREET SUITE 7600, CHICAGO IL 60601
Rebecca Frankiewicz director 100 MANPOWER PLACE, MILWAUKEE WI 53212
Hannah K Kim officer: CLO & Corp. Secretary 533 MARYVILLE UNIVERSITY DRIVE, SAINT LOUIS MO 63141
John Eddy Klein director ONE PINE VALLEY DRIVE, ST. LOUIS MO 63124
Susan K Drath officer: VP, Chief HR Officer 533 MARYVILLE UNIVERSITY DRIVE, SAINT LOUIS MO 63141