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GRVE (Groove Botanicals) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2024)


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What is Groove Botanicals 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. Groove Botanicals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 0.00%.

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

During the past 13 years, Groove Botanicals's highest ROC (Joel Greenblatt) % was 6.90%. The lowest was -208.12%. And the median was -31.70%.

GRVE's ROC (Joel Greenblatt) % is not ranked *
in the Oil & Gas industry.
Industry Median: 8.71
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Groove Botanicals ROC (Joel Greenblatt) % Historical Data

The historical data trend for Groove Botanicals'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.

Groove Botanicals ROC (Joel Greenblatt) % Chart

Groove Botanicals Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.90 -208.12 -95.47 -10.86 -

Groove Botanicals Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - - - - -

Competitive Comparison of Groove Botanicals's ROC (Joel Greenblatt) %

For the Oil & Gas E&P subindustry, Groove Botanicals'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.


Groove Botanicals's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Groove Botanicals's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Groove Botanicals 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: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.005) - (0.947 + 0 + 0)
=-0.942

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.004) - (1.029 + 0 + 0)
=-1.025

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Groove Botanicals 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 )
=-0.132/( ( (0 + max(-0.942, 0)) + (0 + max(-1.025, 0)) )/ 1 )
=-0.132/( ( 0 + 0 )/ 1 )
=-0.132/0
= %

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.


Groove Botanicals  (OTCPK:GRVE) 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.


Groove Botanicals ROC (Joel Greenblatt) % Related Terms

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Groove Botanicals Business Description

Traded in Other Exchanges
N/A
Address
310 Fourth Avenue South, Suite 7000, Minneapolis, MN, USA, 55415
Groove Botanicals Inc is Nevada Based corporation which engage its business development and asset acquisitions. The company also plan plan to assemble a portfolio of early-stage EV Battery Technologies developed from Universities in Norway, Sweden and Finland, and seek grants from the State of Minnesota.and the company previously engaged in oil and gas Production.
Executives
Utek Corp 10 percent owner 2109 PALM AVENUE, TAMPA FL 33605

Groove Botanicals Headlines

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Groove Botanicals Shareholder Update

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