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Jackson Acquisition Co (Jackson Acquisition Co) ROC (Joel Greenblatt) % : 0.00% (As of Mar. 2023)


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What is Jackson Acquisition Co 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. Jackson Acquisition Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 0.00%.

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

RJAC's ROC (Joel Greenblatt) % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -16.92
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Jackson Acquisition Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Jackson Acquisition Co'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.

Jackson Acquisition Co ROC (Joel Greenblatt) % Chart

Jackson Acquisition Co Annual Data
Trend Dec21 Dec22
ROC (Joel Greenblatt) %
- -

Jackson Acquisition Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only - - - - -

Competitive Comparison of Jackson Acquisition Co's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, Jackson Acquisition Co'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.


Jackson Acquisition Co's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Jackson Acquisition Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Jackson Acquisition Co's ROC (Joel Greenblatt) % falls into.



Jackson Acquisition Co 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. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.368) - (1.269 + 0 + 0)
=-0.901

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.29) - (1.584 + 0 + 0)
=-1.294

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Jackson Acquisition Co for the quarter that ended in Mar. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.852/( ( (0 + max(-0.901, 0)) + (0 + max(-1.294, 0)) )/ 1 )
=-1.852/( ( 0 + 0 )/ 1 )
=-1.852/0
= %

Note: The EBIT data used here is four times the quarterly (Mar. 2023) 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.


Jackson Acquisition Co  (NYSE:RJAC) 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.


Jackson Acquisition Co ROC (Joel Greenblatt) % Related Terms

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Jackson Acquisition Co (Jackson Acquisition Co) Business Description

Traded in Other Exchanges
N/A
Address
2655 Northwinds Parkway, Alpharetta, GA, USA, 30009
Jackson Acquisition Co is a blank check company.
Executives
David A Perdue director
Marilyn B Tavenner director 13600 BUTLERS ROAD, AMELIA COURT HOUSE VA 23002
Richard Lee Jackson director, 10 percent owner, officer: President and CEO 2655 NORTHWINDS PARKWAY, ALPHARETTA GA 30009
Carlos A Migoya director 1301 CONCORD TERRACE, SUNRISE FL 33323
John Ellis Bush director 1200 ANASTASIA, SUITE 500, CORAL GABLES FL 33134
Douglas B Kline officer: CFO and Treasurer C/O JACKSON ACQUISITION COMPANY, 2655 NORTHWINDS PARKWAY, ALPHARETTA GA 30009
Rj Healthcare Spac, Llc 10 percent owner C/O JACKSON ACQUISITION COMPANY, 2655 NORTHWINDS PARKWAY, ALPHARETTA GA 30009

Jackson Acquisition Co (Jackson Acquisition Co) Headlines

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Jackson Acquisition Company Announces It Will Redeem its Public Shares

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