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Soiltech ASA (STU:6YA) ROC (Joel Greenblatt) % : 22.55% (As of Dec. 2024)


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What is Soiltech ASA 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. Soiltech ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 22.55%.

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

STU:6YA' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.06   Med: 14.93   Max: 18.53
Current: 6.06

During the past 4 years, Soiltech ASA's highest ROC (Joel Greenblatt) % was 18.53%. The lowest was 6.06%. And the median was 14.93%.

STU:6YA's ROC (Joel Greenblatt) % is ranked worse than
62.25% of 249 companies
in the Waste Management industry
Industry Median: 11.17 vs STU:6YA: 6.06

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


Soiltech ASA ROC (Joel Greenblatt) % Historical Data

The historical data trend for Soiltech ASA'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.

Soiltech ASA ROC (Joel Greenblatt) % Chart

Soiltech ASA Annual Data
Trend Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
- 14.72 17.84 8.02

Soiltech ASA Quarterly Data
Dec21 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial - 25.51 8.55 -7.49 22.55

Competitive Comparison of Soiltech ASA's ROC (Joel Greenblatt) %

For the Waste Management subindustry, Soiltech ASA'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.


Soiltech ASA's ROC (Joel Greenblatt) % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Soiltech ASA's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Soiltech ASA 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: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.309 + 0.013 + 1.086) - (0.802 + 0 + 1.898)
=2.708

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.094 + 0 + 1.781) - (0.896 + 0 + 2.124)
=3.855

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Soiltech ASA 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 )
=6.596/( ( (25.201 + max(2.708, 0)) + (26.737 + max(3.855, 0)) )/ 2 )
=6.596/( ( 27.909 + 30.592 )/ 2 )
=6.596/29.2505
=22.55 %

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.


Soiltech ASA  (STU:6YA) 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.


Soiltech ASA ROC (Joel Greenblatt) % Related Terms

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Soiltech ASA Business Description

Traded in Other Exchanges
Address
Koppholen 25, Sandnes, NOR, 4313
Soiltech ASA is specializing in the treatment, recycling, and responsible handling of contaminated water and solid industrial waste streams at the site. Its services are Slop treatment, Water treatment, Cutting handling, Cutting treatment, Swarf treatment, Cleaning services, and Other services.

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