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SeaTwirl AB (OSTO:STW) ROC (Joel Greenblatt) % : -36,246.15% (As of Mar. 2024)


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What is SeaTwirl 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. SeaTwirl AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -36,246.15%.

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

OSTO:STW' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -32279.85   Med: -8058.82   Max: -4479.17
Current: -32279.85

During the past 7 years, SeaTwirl AB's highest ROC (Joel Greenblatt) % was -4479.17%. The lowest was -32279.85%. And the median was -8058.82%.

OSTO:STW's ROC (Joel Greenblatt) % is ranked worse than
99.93% of 3009 companies
in the Industrial Products industry
Industry Median: 13.35 vs OSTO:STW: -32279.85

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


SeaTwirl AB ROC (Joel Greenblatt) % Historical Data

The historical data trend for SeaTwirl 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.

* Premium members only.

SeaTwirl AB ROC (Joel Greenblatt) % Chart

SeaTwirl AB Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial -4,479.17 -5,511.11 -8,058.82 -11,048.06 -32,246.77

SeaTwirl AB Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 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 -25,489.86 -30,413.45 -35,232.00 -28,442.72 -36,246.15

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

For the Specialty Industrial Machinery subindustry, SeaTwirl 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.


SeaTwirl AB's ROC (Joel Greenblatt) % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SeaTwirl AB's ROC (Joel Greenblatt) % distribution charts can be found below:

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



SeaTwirl 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)
=(0 + 0 + 0.376) - (3.733 + 0 + 12.874)
=-16.231

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.327) - (1.203 + 0 + 11.726)
=-12.602

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of SeaTwirl 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 )
=-18.848/( ( (0.058 + max(-16.231, 0)) + (0.046 + max(-12.602, 0)) )/ 2 )
=-18.848/( ( 0.058 + 0.046 )/ 2 )
=-18.848/0.052
=-36,246.15 %

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.


SeaTwirl AB  (OSTO:STW) 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.


SeaTwirl AB ROC (Joel Greenblatt) % Related Terms

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


SeaTwirl AB (OSTO:STW) Business Description

Traded in Other Exchanges
Address
Erik Dahlbergsgatan 11A, Gothenburg, SWE, 41126
SeaTwirl AB is a turbine manufacturing company. It is engaged in developing a new type of floating wind turbine customized for the ocean. The company uses a vertical axis wind turbine with a tower that is attached to a floating structure that stretches deep below the water's surface.

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