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SLND (Southland Holdings) ROC (Joel Greenblatt) % : -217.48% (As of Sep. 2024)


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What is Southland Holdings 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. Southland Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -217.48%.

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

SLND' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -97.03   Med: 27.52   Max: 56.03
Current: -97.03

During the past 5 years, Southland Holdings's highest ROC (Joel Greenblatt) % was 56.03%. The lowest was -97.03%. And the median was 27.52%.

SLND's ROC (Joel Greenblatt) % is ranked worse than
94.52% of 1734 companies
in the Construction industry
Industry Median: 17.93 vs SLND: -97.03

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


Southland Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Southland Holdings'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.

Southland Holdings ROC (Joel Greenblatt) % Chart

Southland Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
- 23.30 31.74 56.03 -6.33

Southland Holdings Quarterly Data
Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 56.52 4.42 22.77 -185.96 -217.48

Competitive Comparison of Southland Holdings's ROC (Joel Greenblatt) %

For the Engineering & Construction subindustry, Southland Holdings'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.


Southland Holdings's ROC (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Southland Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Southland Holdings 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(368.116 + 0 + 33.711) - (400.114 + 225.193 + 0)
=-223.48

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(301.775 + 0 + 34.593) - (302.79 + 243.505 + 0)
=-209.927

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Southland Holdings for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-271.004/( ( (121.607 + max(-223.48, 0)) + (127.618 + max(-209.927, 0)) )/ 2 )
=-271.004/( ( 121.607 + 127.618 )/ 2 )
=-271.004/124.6125
=-217.48 %

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


Southland Holdings  (AMEX:SLND) 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.


Southland Holdings ROC (Joel Greenblatt) % Related Terms

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


Southland Holdings Business Description

Traded in Other Exchanges
N/A
Address
1100 Kubota Drive, Grapevine, TX, USA, 76051
Southland Holdings Inc is an infrastructure construction company in North America. The company's infrastructure projects range from water conveyance systems and tunnels to long-span bridges and vertical structures.
Executives
Frankie S. Renda director, 10 percent owner, officer: PRESIDENT AND CEO 1100 KUBOTA DR., GRAPEVINE TX 76051
Rudolph V. Renda 10 percent owner, officer: CO-COO AND EVP 1100 KUBOTA DR., GRAPEVINE TX 76051
Mario Enrique Ramirez director 822 JENNIFER COURT, HIGHLAND VILLAGE TX 75077
Izilda P Martins director 6 SYLVAN WAY, PARSIPPANY NJ 07054
Michael Kyle Burtnett director 2811 TYLER ST., SOUTHLAKE TX 76092
Walter Timothy Winn director, 10 percent owner, officer: CO-COO AND EVP 1100 KUBOTA DR., GRAPEVINE TX 76051
Gallarda Cody officer: CFO, EVP and Treasurer 3889 LADERA HEIGHTS BLVD., FRISCO TX 75034
Frank Renda 2015 Irrevocable Trust 10 percent owner 3700 SCENIC VIEW DR., FLOWER MOUND TX 75022
Ryan E Hummer director C/O LEGATO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
John Ing director C/O LEGATO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Craig L Martin director 3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Adam H Jaffe officer: CFO & Corporate Secretary C/O ALLEGRO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Dana Blair Baker director 200 CRESCENT COURT, SUITE 1450, DALLAS TX 75201
Gregory R Monahan director, officer: CEO 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Brian Pratt director, other: Non-Executive Chairman 5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225