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Antony Waste Handling Cell (NSE:AWHCL) ROC (Joel Greenblatt) % : 27.04% (As of Mar. 2024)


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What is Antony Waste Handling Cell 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. Antony Waste Handling Cell's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 27.04%.

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

NSE:AWHCL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 44.42   Med: 86.92   Max: 135.5
Current: 44.92

During the past 8 years, Antony Waste Handling Cell's highest ROC (Joel Greenblatt) % was 135.50%. The lowest was 44.42%. And the median was 86.92%.

NSE:AWHCL's ROC (Joel Greenblatt) % is ranked better than
85.54% of 242 companies
in the Waste Management industry
Industry Median: 11.96 vs NSE:AWHCL: 44.92

Antony Waste Handling Cell's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -18.10% per year.


Antony Waste Handling Cell ROC (Joel Greenblatt) % Historical Data

The historical data trend for Antony Waste Handling Cell'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.

Antony Waste Handling Cell ROC (Joel Greenblatt) % Chart

Antony Waste Handling Cell Annual Data
Trend Mar16 Mar17 Mar18 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 103.86 72.49 88.73 60.37 44.42

Antony Waste Handling Cell Quarterly Data
Mar17 Mar18 Jun18 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 39.76 62.00 56.06 42.81 27.04

Competitive Comparison of Antony Waste Handling Cell's ROC (Joel Greenblatt) %

For the Waste Management subindustry, Antony Waste Handling Cell'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.


Antony Waste Handling Cell's ROC (Joel Greenblatt) % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Antony Waste Handling Cell's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Antony Waste Handling Cell's ROC (Joel Greenblatt) % falls into.



Antony Waste Handling Cell 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2519.366 + 0 + 115.25) - (1051.931 + 0 + 920.806)
=661.879

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Antony Waste Handling Cell for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1084.724/( ( (0 + max(0, 0)) + (3348.975 + max(661.879, 0)) )/ 1 )
=1084.724/( ( 0 + 4010.854 )/ 1 )
=1084.724/4010.854
=27.04 %

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


Antony Waste Handling Cell  (NSE:AWHCL) 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.


Antony Waste Handling Cell ROC (Joel Greenblatt) % Related Terms

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Antony Waste Handling Cell (NSE:AWHCL) Business Description

Traded in Other Exchanges
Address
Eastern Express Highway, 1402-1404, 14th Floor, Dev Corpora Building, Opposite Cadbury Company, Thane (West), Thane, MH, IND, 400 601
Antony Waste Handling Cell Ltd is a provider of a full spectrum of municipal solid waste services which includes solid waste collection, transportation, processing, and disposal services across the country, catering to Indian municipalities. The company undertakes municipal solid waste collection and transportation projects, municipal solid waste processing projects, and mechanized sweeping projects. It undertakes projects for the Municipal Corporation of Greater Mumbai, the Navi Mumbai Municipal Corporation, the Thane Municipal Corporation, the North Delhi Municipal Corporation, the Ulhasnagar Municipal Corporation, the Mangalore Municipal Corporation, and the Greater Noida Industrial Development Authority.

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