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SCP Healthcare Acquisition Co (SCP Healthcare Acquisition Co) ROC (Joel Greenblatt) % : -1,343.33% (As of Sep. 2022)


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What is SCP Healthcare 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. SCP Healthcare Acquisition Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -1,343.33%.

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

SHACU' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -594.94   Med: -594.94   Max: -349.56
Current: -349.56

During the past 2 years, SCP Healthcare Acquisition Co's highest ROC (Joel Greenblatt) % was -349.56%. The lowest was -594.94%. And the median was -594.94%.

SHACU's ROC (Joel Greenblatt) % is not ranked
in the Diversified Financial Services industry.
Industry Median: -15.915 vs SHACU: -349.56

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


SCP Healthcare Acquisition Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for SCP Healthcare 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.

SCP Healthcare Acquisition Co ROC (Joel Greenblatt) % Chart

SCP Healthcare Acquisition Co Annual Data
Trend Dec20 Dec21
ROC (Joel Greenblatt) %
- -594.94

SCP Healthcare Acquisition Co Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only -188.01 -439.67 -460.15 -605.30 -1,343.33

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

For the Shell Companies subindustry, SCP Healthcare 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.


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

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

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



SCP Healthcare 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: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.382) - (0.262 + 0 + 0)
=0.12

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.251) - (0.526 + 0 + 0)
=-0.275

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of SCP Healthcare Acquisition Co for the quarter that ended in Sep. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Sep. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.612/( ( (0 + max(0.12, 0)) + (0 + max(-0.275, 0)) )/ 1 )
=-1.612/( ( 0.12 + 0 )/ 1 )
=-1.612/0.12
=-1,343.33 %

Note: The EBIT data used here is four times the quarterly (Sep. 2022) 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.


SCP Healthcare Acquisition Co  (NAS:SHACU) 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.


SCP Healthcare Acquisition Co ROC (Joel Greenblatt) % Related Terms

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SCP Healthcare Acquisition Co (SCP Healthcare Acquisition Co) Business Description

Traded in Other Exchanges
N/A
Address
2909 West Bay to Bay Boulevard, Suite 300, Tampa, FL, USA, 33629
SCP & CO Healthcare Acquisition Co is a blank check company that intends to initially focus its search on identifying a prospective target business in the healthcare technology or healthcare-related industries in the United States and other developed countries.
Executives
Mohit Kaushal director 44 SOUTH BROADWAY, WHITE PLAINS NY 10601
Timothy L Main director GATE NO 4, PLANT 10 / 11 GODREJ & BOYCE, PIROJSHANAGAR, LBS MARG, VIKHROLI (WEST), MUMBAI, MAHARASHTRA K7 400079
R. David Kretschmer director 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027
Alan D Gold director 17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Scp & Co Sponsor Llc 10 percent owner 2909 W BAY TO BAY BLVD STE 300, TAMPA FL 33629
Scott Feuer director, 10 percent owner, officer: Chief Executive Officer 2909 W BAY TO BAY BLVD SUITE 300, TAMPA FL 33629
Bryan Crino director, 10 percent owner, officer: President 2909 W BAY TO BAY, SUITE 300, TAMPA FL 33629
Randy Parker director 2909 W BAY TO BAY BLVD, SUITE 300, TAMPA FL 33629
Joseph Passero officer: Chief Financial Officer 2909 W BAY TO BAY BLVD SUITE 300, TAMPA FL 8133189600