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CO2 Gro (TSXV:GROW) ROC (Joel Greenblatt) % : 0.00% (As of Sep. 2023)


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What is CO2 Gro 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. CO2 Gro's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 0.00%.

The historical rank and industry rank for CO2 Gro's ROC (Joel Greenblatt) % or its related term are showing as below:

During the past 12 years, CO2 Gro's highest ROC (Joel Greenblatt) % was -52250.00%. The lowest was -52250.00%. And the median was -52250.00%.

TSXV:GROW's ROC (Joel Greenblatt) % is not ranked *
in the Agriculture industry.
Industry Median: 9.43
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

CO2 Gro's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


CO2 Gro ROC (Joel Greenblatt) % Historical Data

The historical data trend for CO2 Gro'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.

CO2 Gro ROC (Joel Greenblatt) % Chart

CO2 Gro Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
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CO2 Gro Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23
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Competitive Comparison of CO2 Gro's ROC (Joel Greenblatt) %

For the Agricultural Inputs subindustry, CO2 Gro'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.


CO2 Gro's ROC (Joel Greenblatt) % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, CO2 Gro's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where CO2 Gro's ROC (Joel Greenblatt) % falls into.



CO2 Gro 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: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.116 + 0 + 0.036) - (0.329 + 0 + 0.104)
=-0.281

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.175 + 0 + 0.028) - (0.373 + 0 + 0)
=-0.17

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of CO2 Gro for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.352/( ( (0 + max(-0.281, 0)) + (0 + max(-0.17, 0)) )/ 1 )
=-0.352/( ( 0 + 0 )/ 1 )
=-0.352/0
= %

Note: The EBIT data used here is four times the quarterly (Sep. 2023) 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.


CO2 Gro  (TSXV:GROW) 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.


CO2 Gro ROC (Joel Greenblatt) % Related Terms

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CO2 Gro (TSXV:GROW) Business Description

Traded in Other Exchanges
Address
40 King Street West, Suite 5800, Toronto, ON, CAN, M5H 3S1
CO2 GRO Inc is engaged in commercializing its patent-licensed CO2 gas infusion technology and its patent-pending US PTO CO2 Delivery Solutions system, both of which form the company's saturated CO2 solutions plant platform. Saturated CO2 solution when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields. The company's sole focus is working with its plant growers and agri-industrial partners in proving and adopting its CO2 technologies for specific growers' plant yield needs.
Executives
Stephen Mark Gledhill Senior Officer

CO2 Gro (TSXV:GROW) Headlines

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