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IRBT (iRobot) ROC (Joel Greenblatt) % : 0.46% (As of Sep. 2024)


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What is iRobot 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. iRobot's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.46%.

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

IRBT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -198.1   Med: 62.52   Max: 90.96
Current: -88.49

During the past 13 years, iRobot's highest ROC (Joel Greenblatt) % was 90.96%. The lowest was -198.10%. And the median was 62.52%.

IRBT's ROC (Joel Greenblatt) % is ranked worse than
97.21% of 430 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 11.025 vs IRBT: -88.49

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


iRobot ROC (Joel Greenblatt) % Historical Data

The historical data trend for iRobot'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.

iRobot ROC (Joel Greenblatt) % Chart

iRobot Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.55 60.70 -0.44 -98.39 -198.10

iRobot 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 -265.25 -161.54 126.82 -313.69 0.46

Competitive Comparison of iRobot's ROC (Joel Greenblatt) %

For the Furnishings, Fixtures & Appliances subindustry, iRobot'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.


iRobot's ROC (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, iRobot's ROC (Joel Greenblatt) % distribution charts can be found below:

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



iRobot 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)
=(68.132 + 101.365 + 62.102) - (190.763 + 11.152 + 14.804)
=14.88

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(101.326 + 149.156 + 73.856) - (264.707 + 9.121 + 14.371)
=36.139

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of iRobot 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 )
=0.316/( ( (45.391 + max(14.88, 0)) + (40.542 + max(36.139, 0)) )/ 2 )
=0.316/( ( 60.271 + 76.681 )/ 2 )
=0.316/68.476
=0.46 %

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.


iRobot  (NAS:IRBT) 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.


iRobot ROC (Joel Greenblatt) % Related Terms

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


iRobot Business Description

Address
8 Crosby Drive, Bedford, MA, USA, 01730
iRobot Corp is a united state based consumer robot company. It designs and builds robots that assist consumers with the solutions for the activities to be carried both inside and outside of the home. The company's consumer robot comprises a portfolio of solutions which includes cleaning, mapping and navigation, human-robot interaction, and physical solutions. The company operates in the business segment of Consumer robots. The consumer robot products are provided to the consumers by retail businesses and online store. The company derives its revenue from the product sales. It sells the products across the United States and around the world.
Executives
Julie Zeiler officer: EVP, Chief Financial Officer C/O IROBOT CORPORATION, 8 CROSBY DRIVE, BEDFORD MA 01730
Angle Colin M director, 10 percent owner, officer: Chief Executive Officer 352 BEACON STREET, BOSTON MA 02116
Faris Habbaba officer: Chief R&D Officer IROBOT CORPORATION, 8 CROSBY DRIVE, BEDFORD MA 01730
Deborah G Ellinger director ONE CVS DR, WOONSOCKET RI 02895
Mohamad Ali director 2 AVENUE DE LAFAYETTE, BOSTON MA 02111
Karen Golz director ONE TECHNOLOGY WAY, NORWOOD MA 02062
David Keith Hartsfield officer: Chief Product Officer C/O IROBOT CORPORATION, 8 CROSBY DRIVE, BEDFORD MA 01730
Ruey Bin Kao director CHINA HOLDINGS ACQUISITION CORP., 33 RIVERSIDE AVENUE, 5TH FLOOR, WESTPORT CT 06880
Andrew Miller director 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Jean Jacques Blanc officer: Chief Commercial Officer IROBOT CORPORATION, 8 CROSBY DRIVE, BEDFORD MA 01730
Elisha W Finney director C/O VARIAN MEDICAL SYSTEMS, INC, 3100 HANSEN WAY M/S E-327, PALO ALTO CA 94304
Glen Daniel Weinstein officer: VP and General Counsel IROBOT CORPORATION, 63 SOUTH AVENUE, BURLINGTON MA 01803
Russell J Campanello officer: SVP Human Resources C/O PHASE FORWARD INCORPORATED, 77 FOURTH AVENUE, WALTHAM X1 02451
Michelle Stacy director 33 COFFEE LANE, WATERBURY VT 05676
Timothy Saeger officer: EVP Engineering C/O IROBOT CORPORATION, 8 CROSBY DRIVE, BEDFORD MA 01730