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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. Great Elm Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 92.91%.
The historical rank and industry rank for Great Elm Group's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, Great Elm Group's highest ROC (Joel Greenblatt) % was 3374.47%. The lowest was -8723.64%. And the median was -122.83%.
Great Elm Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for Great Elm 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.
Great Elm Group Annual Data | |||||||||||||||||||||
Trend | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | Jun24 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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-55.00 | -13.59 | -190.66 | 3,374.47 | 233.49 |
Great Elm Group Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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82.95 | -225.07 | 99.36 | 345.86 | 92.91 |
For the Asset Management subindustry, Great Elm 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 Asset Management industry and Financial Services sector, Great Elm Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Great Elm 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: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (2.89 | + | 5.786 | + | 1.725) | - | (3.78 | + | 0 | + | 0) |
= | 6.621 |
Working Capital | (Q: Dec. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (3.725 | + | 6.524 | + | 5.498) | - | (3.766 | + | 0 | + | 0) |
= | 11.981 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Great Elm Group for the quarter that ended in Dec. 2024 can be restated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2024 | Q: Dec. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 9.536 | / | ( ( (0.141 + max(6.621, 0)) | + | (1.784 + max(11.981, 0)) ) | / | 2 ) |
= | 9.536 | / | ( ( 6.762 | + | 13.765 ) | / | 2 ) |
= | 9.536 | / | 10.2635 | ||||
= | 92.91 % |
Note: The EBIT data used here is four times the quarterly (Dec. 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.
Great Elm Group (NAS:GEG) 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 Great Elm Group's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason W. Reese | director, 10 percent owner | C/O IMPERIAL CAPITAL ASSET MANAGEMENT, L, 10100 SANTA MONICA BLVD. SUITE 2400, LOS ANGELES CA 90067 |
Matthew A Drapkin | director | 10 CORBIN DRIVE, 3RD FLOOR, DARIEN CT 06820 |
Northern Right Capital Management, L.p. | 10 percent owner, other: Member of 13D 10% Group | 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN CT 06820 |
James H Hugar | director | C/O VITESSE SEMICONDUCTOR CORPORATION, 4721 CALLE CARGA, CAMARILLO CA 93012 |
Keri Davis | officer: Chief Financial Officer | 800 SOUTH STREET, SUITE 230, WALTHAM MA 02453 |
Imperial Capital Group Holdings Ii, Llc | 10 percent owner | 3801 PGA BOULEVARD, SUITE 603, PALM BEACH GARDENS FL 33410 |
Adam M Kleinman | officer: President | 800 SOUTH STREET, SUITE 230, WALTHAM MA 02453 |
Peter A Reed | officer: Chief Executive Officer | C/O UNWIRED PLANET, INC., 170 S. VIRGINIA STREET SUITE 201, RENO NV 89501 |
Nichole Milz | officer: Chief Operating Officer | 800 SOUTH STREET, SUITE 230, WALTHAM MA 02453 |
Nrc Partners I, Lp | 10 percent owner | 9 OLD KINGS HIGHWAY SOUTH, 4TH FLOOR, DARIEN CT 06820 |
Northern Right Capital (qp), L.p. | 10 percent owner | 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN CT 06820 |
Bc Advisors Llc | 10 percent owner | 500 CRESCENT COURT, SUITE 230, DALLAS TX 75201 |
David Matter | director | 800 SOUTH STREET, SUITE 230, WALTHAM MA 02453 |
Thomas S Harbin | director | SOURCE CAPITAL, LLC, 75 FOURTEENTH STREET, SUITE 2700, ATLANTA GA 30309 |
James P Parmelee | director | 100 UNION SQUARE DRIVE, NEW HOPE PA 18938 |
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