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HCGI (Huntwicke Capital Group) ROC (Joel Greenblatt) % : -14.25% (As of Jan. 2017)


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What is Huntwicke Capital Group 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. Huntwicke Capital Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2017 was -14.25%.

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

HCGI's ROC (Joel Greenblatt) % is not ranked *
in the Asset Management industry.
Industry Median: 42.66
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Huntwicke Capital Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for Huntwicke Capital 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.

* Premium members only.

Huntwicke Capital Group ROC (Joel Greenblatt) % Chart

Huntwicke Capital Group Annual Data
Trend Apr11 Apr12 Apr13 Apr14 Apr15 Apr16
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial - - -1.22 -2.06 -

Huntwicke Capital Group Quarterly Data
Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17
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 -0.47 -2.47 -2.39 -6.48 -14.25

Competitive Comparison of Huntwicke Capital Group's ROC (Joel Greenblatt) %

For the Asset Management subindustry, Huntwicke Capital 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.


Huntwicke Capital Group's ROC (Joel Greenblatt) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Huntwicke Capital Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Huntwicke Capital Group's ROC (Joel Greenblatt) % falls into.



Huntwicke Capital Group 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: Oct. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.002 + 0 + 0.087) - (0.527 + 0.004 + 0.01)
=-0.452

Working Capital(Q: Jan. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.002 + 0 + 0.029) - (1.099 + 0.097 + 4.4408920985006E-16)
=-1.165

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Huntwicke Capital Group for the quarter that ended in Jan. 2017 can be restated as:

ROC (Joel Greenblatt) %(Q: Jan. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2016  Q: Jan. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.628/( ( (4.425 + max(-0.452, 0)) + (4.387 + max(-1.165, 0)) )/ 2 )
=-0.628/( ( 4.425 + 4.387 )/ 2 )
=-0.628/4.406
=-14.25 %

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


Huntwicke Capital Group  (OTCPK:HCGI) 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.


Huntwicke Capital Group ROC (Joel Greenblatt) % Related Terms

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Huntwicke Capital Group Business Description

Traded in Other Exchanges
N/A
Address
7 Grove Street, Suite 201, Topsfield, MA, USA, 01983
Huntwicke Capital Group Inc is an investment holding company. The company's operating segment Real Estate; Financial Services, Soccer Operations. It generates maximum revenue from the Financial Services segment. The Financial Services segment manages financial portfolios and assets for a fee, and clear private placement transactions for high net worth customers and institutional customers.

Huntwicke Capital Group Headlines

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