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MMMW (Mass Megawatts Wind Power) ROC (Joel Greenblatt) % : 0.00% (As of Jan. 2024)


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What is Mass Megawatts Wind Power 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. Mass Megawatts Wind Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 0.00%.

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

During the past 9 years, Mass Megawatts Wind Power's highest ROC (Joel Greenblatt) % was -6384.62%. The lowest was -17916.67%. And the median was -11825.00%.

MMMW's ROC (Joel Greenblatt) % is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 7.675
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Mass Megawatts Wind Power ROC (Joel Greenblatt) % Historical Data

The historical data trend for Mass Megawatts Wind Power'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.

Mass Megawatts Wind Power ROC (Joel Greenblatt) % Chart

Mass Megawatts Wind Power Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr21 Apr22 Apr23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only -6,384.62 -12,657.14 -14,250.00 - -

Mass Megawatts Wind Power Quarterly Data
Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 Mass Megawatts Wind Power's ROC (Joel Greenblatt) %

For the Utilities - Renewable subindustry, Mass Megawatts Wind Power'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.


Mass Megawatts Wind Power's ROC (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Mass Megawatts Wind Power's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Mass Megawatts Wind Power's ROC (Joel Greenblatt) % falls into.



Mass Megawatts Wind Power 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.001) - (0.157 + 0.028 + 0.142)
=-0.326

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.001) - (0.155 + 0.028 + 0.127)
=-0.309

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Mass Megawatts Wind Power for the quarter that ended in Jan. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.004/( ( (0 + max(-0.326, 0)) + (0 + max(-0.309, 0)) )/ 1 )
=-0.004/( ( 0 + 0 )/ 1 )
=-0.004/0
= %

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


Mass Megawatts Wind Power  (OTCPK:MMMW) 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.


Mass Megawatts Wind Power ROC (Joel Greenblatt) % Related Terms

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


Mass Megawatts Wind Power Business Description

Traded in Other Exchanges
N/A
Address
119 Boston Turnpike, No. 290, Shrewsbury, MA, USA, 01545
Mass Megawatts Wind Power Inc is engaged in the development of renewable power technology. It develops solar trackers and wind energy equipment for low-cost clean energy generation. The company's patent pending, Mass Megawatts Solar Tracking System (STS) is a complete solar power system that is designed to continually adjust the position of solar panels to receive the optimal level of direct sunlight throughout the day. In addition, it also seeks to build and operate wind-energy-generated power plants utilizing proprietary MultiAxis Turbine technology.
Executives
Jonathan Ricker director, 10 percent owner, officer: Chairman and CEO P.O. BOX 60398, WORCESTER MD 01606
Richard Barcia officer: Chief Operating Officer 2663 E 90TH PLACE, DENVER CO 80229
Thomas F Weisz 10 percent owner 20201 E. COUNTRY CLUB DRIVE, APT. 707, AVENTURA FL 33180