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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. Safety Shot's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -7,764.81%.
The historical rank and industry rank for Safety Shot's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 7 years, Safety Shot's highest ROC (Joel Greenblatt) % was -459.50%. The lowest was -6722.79%. And the median was -3068.22%.
Safety Shot's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -30.50% per year.
The historical data trend for Safety Shot'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.
Safety Shot Annual Data | ||||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | -4,658.11 | -4,449.62 | -1,572.80 | -1,686.82 | -6,722.79 |
Safety Shot Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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-2,849.47 | -6,233.62 | -2,552.17 | -3,660.63 | -7,764.81 |
For the Beverages - Non-Alcoholic subindustry, Safety Shot'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.
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Safety Shot's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Safety Shot's ROC (Joel Greenblatt) % falls into.
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: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.005 | + | 0.524 | + | 1.529) | - | (1.38 | + | 0 | + | 0.191) |
= | 0.487 |
Working Capital | (Q: Dec. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.284 | + | 0.234 | + | 0.919) | - | (3.886 | + | 0 | + | 0) |
= | -2.449 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Safety Shot for the quarter that ended in Dec. 2024 can be restated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2024 | Q: Dec. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -51.636 | / | ( ( (0.449 + max(0.487, 0)) | + | (0.394 + max(-2.449, 0)) ) | / | 2 ) |
= | -51.636 | / | ( ( 0.936 | + | 0.394 ) | / | 2 ) |
= | -51.636 | / | 0.665 | ||||
= | -7,764.81 % |
Note: The EBIT data used here is four times the quarterly (Dec. 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.
Safety Shot (NAS:SHOT) 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.
Thank you for viewing the detailed overview of Safety Shot's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher Melton | director | C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017 |
John Gulyas | director | 2505 PROVENCE CIRCLE, WESTON FL 33327 |
Jarrett Adam Boon | officer: COO | 2434 E DESERT WILLOW DR, PHOENIX AZ 85048 |
Skender Fani | director | |
Kaufman Nancy Torres | director | 725 N. HWY A1A, SUITE C-106, JUPITER FL 33477 |
Brian John | director, 10 percent owner, officer: Chief Executive Officer | 1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426 |
Douglas O Mckinnon | officer: Chief Financial Officer | 2104 RIDGE PLAZA DR, CASTLE ROCK CO 80108 |
Glynn Wilson | director, officer: Chairman - Board of Directors | 2483 NE JULEP STREET, ISSAQUAH WA 98029 |
Ryan T Allison | officer: VP of Business Development | 725 N. HWY A1A, SUITE C-106, JUPITER FL 33477 |
Richard A Miller | director, 10 percent owner, officer: Chief Operating Officer | 1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426 |
Byron Young | director | 112 EAST SEMINARY DRVE, UNIT B, FORT WORTH TX 76115 |
Hector W Alila | director | C/O PROTALEX INC, 145 UNION SQUARE DRIVE, NEW HOPE PA 18938 |
Timothy Glynn | director | 725 N HWY, SUITE C-106, JUPITER FL 33477 |
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