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. Gruppo Green Power SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was -401.84%.
The historical rank and industry rank for Gruppo Green Power SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:GGP's ROC (Joel Greenblatt) % is not ranked *
in the Semiconductors industry.
Industry Median: 8.35 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Gruppo Green Power SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Gruppo Green Power SpA (MIL:GGP) 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.
Gruppo Green Power SpA ROC (Joel Greenblatt) % Related Terms
Gruppo Green Power SpA ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Gruppo Green Power SpA'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.
Gruppo Green Power SpA ROC (Joel Greenblatt) % Chart
MIL:GGP vs ENPH, SEDG, FSLR: ROC (Joel Greenblatt) % Comparison
For the Solar subindustry, Gruppo Green Power SpA'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.
Gruppo Green Power SpA ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Gruppo Green Power SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Gruppo Green Power SpA's ROC (Joel Greenblatt) % falls into.
Gruppo Green Power SpA 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:
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.
Note:
The EBIT data used here is two times the semi-annual (Jun. 2020) 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.
What does a ROC (Joel Greenblatt) % of -401.84% mean?
Gruppo Green Power SpA (MIL:GGP) has a ROC (Joel Greenblatt) % of -401.84% as of Jun. 2020. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Gruppo Green Power SpA and its competitors.
Is Gruppo Green Power SpA's ROC (Joel Greenblatt) % too high?
Gruppo Green Power SpA's current ROC (Joel Greenblatt) % is -401.84%. Overall, Gruppo Green Power SpA has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Gruppo Green Power SpA's ROC (Joel Greenblatt) % compare to ENPH and SEDG?
Gruppo Green Power SpA's ROC (Joel Greenblatt) % of -401.84% can be compared against companies in the Semiconductors industry. The industry median ROC (Joel Greenblatt) % is 8.35. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.35, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Gruppo Green Power SpA and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gruppo Green Power SpA's current ROC (Joel Greenblatt) % is -401.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gruppo Green Power SpA stock overvalued right now?
Gruppo Green Power SpA (MIL:GGP) has a current ROC (Joel Greenblatt) % of -401.84%. The current ROC (Joel Greenblatt) % is -401.84%. Gruppo Green Power SpA's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Gruppo Green Power SpA (MIL:GGP), the current ROC (Joel Greenblatt) % is -401.84% as of Jun. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Gruppo Green Power SpA provides services related to energy from renewable resources, such as water, sun, wind and geothermal energy. It offers photovoltaic systems, mini wind solar thermal systems and services.
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