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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. Shimmick Construction Company's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 31.57%.
The historical rank and industry rank for Shimmick Construction Company's ROC (Joel Greenblatt) % or its related term are showing as below:
SCCI's ROC (Joel Greenblatt) % is not ranked *
in the Construction industry.
Industry Median: 19.59 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Shimmick Construction Company (NAS:SCCI) 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.
* 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.
Shimmick Construction Company ROC (Joel Greenblatt) % Chart
Shimmick Construction Company Annual Data
Trend
Dec13
Dec14
ROC (Joel Greenblatt) %
-6.04
18.12
Shimmick Construction Company Semi-Annual Data
Dec13
Jun14
Dec14
Jun15
ROC (Joel Greenblatt) %
0.00
9.49
27.93
31.57
SCCI vs TSSI, SWMM, SFHI: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Shimmick Construction Company'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.
Shimmick Construction Company ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Shimmick Construction Company's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shimmick Construction Company's ROC (Joel Greenblatt) % falls into.
Shimmick Construction Company 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:
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.
Note:
The EBIT data used here is two times the semi-annual (Jun. 2015) 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.
What does a ROC (Joel Greenblatt) % of 31.57% mean?
Shimmick Construction Company (SCCI) has a ROC (Joel Greenblatt) % of 31.57% as of Jun. 2015. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Shimmick Construction Company and its competitors.
Is Shimmick Construction Company's ROC (Joel Greenblatt) % too high?
Shimmick Construction Company's current ROC (Joel Greenblatt) % is 31.57%. The Construction industry median ROC (Joel Greenblatt) % is 19.59. Shimmick Construction Company's value of 31.57% is 61.2% above this industry median.
How does Shimmick Construction Company's ROC (Joel Greenblatt) % compare to TSSI and SWMM?
Shimmick Construction Company's ROC (Joel Greenblatt) % of 31.57% can be compared against companies in the Construction industry. The industry median ROC (Joel Greenblatt) % is 19.59. Shimmick Construction Company's value of 31.57% is 61.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.59, based on 1,779 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shimmick Construction Company's current ROC (Joel Greenblatt) % of 31.57% is 61.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Shimmick Construction Company and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shimmick Construction Company's current ROC (Joel Greenblatt) % is 31.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimmick Construction Company stock overvalued right now?
Shimmick Construction Company (SCCI) has a current ROC (Joel Greenblatt) % of 31.57%. The current ROC (Joel Greenblatt) % is 31.57% and 61.2% above the Construction industry median of 19.59. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Shimmick Construction Company (SCCI), the current ROC (Joel Greenblatt) % is 31.57% as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Shimmick Construction Company Business Description
Shimmick Construction Company Inc is a heavy civil construction company founded in 1990. The Company is engaged in construction activities in the western United States, with operations in California. The Company offers general construction, construction management, and design-build services to federal, state, and local public agencies and private customers in California and the Western United States. The Company operates in two segments including construction Projects and Construction Materials. The Construction Projects segment performs construction projects including new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities and other infrastructure projects. The Construction Materials segment mines and processes aggregates and operates plants that produce construction materials for internal use and for sale to third parties. The Company's customers include Caltrans, City of San Francisco, Port of Long Beach, Port of Los Angeles, City of Los Angeles, LA MTA, BART, VTA, and the Metropolitan Water District of Southern California (MWD). The Company faces competition from competitors including Balfour Beatty plc, Barnard Construction Company, Inc., Dragados S.A., Flatiron Construction Corp., Fluor Corporation, Granite Construction Incorporated, Kiewit Corporation, Obayashi Corporation, Skanska AB, Traylor Bros., Inc., Tutor Perini Corporation, and Walsh Construction Co. The Company's business is subject to various federal, state and local laws and regulations relating to the environment, including those relating to discharges to air, water and land, the handling and disposal of solid and hazardous waste, the handling of underground storage tanks and the cleanup of properties affected by hazardous substances.
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