Ework Group AB (OSTO:EWRK) ROC (Joel Greenblatt) % : 82.22% (As of Mar. 2024)

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What is Ework Group AB 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. Ework Group AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 82.22%.

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

OSTO:EWRK' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 36.49 Med: 172.98 Max: 4521.23
Current: 172.23

During the past 13 years, Ework Group AB's highest ROC (Joel Greenblatt) % was 4521.23%. The lowest was 36.49%. And the median was 172.98%.

OSTO:EWRK's ROC (Joel Greenblatt) % is ranked better than
87.82% of 1067 companies
in the Business Services industry
Industry Median: 21.2 vs OSTO:EWRK: 172.23

Ework Group AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 45.90% per year.

Ework Group AB ROC (Joel Greenblatt) % Historical Data

The historical data trend for Ework Group AB'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.

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Ework Group AB ROC (Joel Greenblatt) % Chart

Ework Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

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36.49

47.97

327.64

270.96

127.20

Ework Group AB Quarterly Data
	Jun19	Sep19	Dec19	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															285.67	347.89	409.49	206.37	82.22

Competitive Comparison of Ework Group AB's ROC (Joel Greenblatt) %

For the Staffing & Employment Services subindustry, Ework Group AB'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.

Ework Group AB's ROC (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ework Group AB's ROC (Joel Greenblatt) % distribution charts can be found below:

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

Ework Group AB 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)
=	(3741.799	+	0	+	14.5)	-	(3522.146	+	0	+	73.332)
=	160.821

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3699.538	+	0	+	6.8969999999999)	-	(3416.611	+	0	+	124.693)
=	165.131

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Ework Group AB 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 )
=	178.716	/	( ( (57.864 + max(160.821, 0))	+	(50.925 + max(165.131, 0)) )	/	2 )
=	178.716	/	( ( 218.685	+	216.056 )	/	2 )
=	178.716	/	217.3705
=	82.22 %

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Ework Group AB (OSTO:EWRK) 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.

Ework Group AB ROC (Joel Greenblatt) % Related Terms

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Ework Group AB (OSTO:EWRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ework Group AB (OSTO:EWRK) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

0MCB:UK

Address

Master Samuelsgatan 60, Stockholm, SWE, 111 21

Website

https://www.eworkgroup.com

Ework Group AB is a market- leading and independent consultant provider operating in northern Europe, which focuses on IT, telecom, technology, and business development. Some of the company's services are to set the price index for its clients and consultants, it also offers flexible solutions that cover various industry- leading companies to small-scale businesses, at a local and global level. Ework Group has its operational footprints in Sweden, Denmark, Norway, and Finland wherein, It generates a majority of its revenue from Sweden.

Ework Group AB (OSTO:EWRK) Headlines

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