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UTI (Universal Technical Institute) ROC (Joel Greenblatt) % : 25.98% (As of Sep. 2024)


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What is Universal Technical Institute 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. Universal Technical Institute's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 25.98%.

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

UTI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -29.24   Med: -0.51   Max: 15.17
Current: 15.17

During the past 13 years, Universal Technical Institute's highest ROC (Joel Greenblatt) % was 15.17%. The lowest was -29.24%. And the median was -0.51%.

UTI's ROC (Joel Greenblatt) % is ranked worse than
52.27% of 264 companies
in the Education industry
Industry Median: 15.855 vs UTI: 15.17

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


Universal Technical Institute ROC (Joel Greenblatt) % Historical Data

The historical data trend for Universal Technical Institute'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.

Universal Technical Institute ROC (Joel Greenblatt) % Chart

Universal Technical Institute Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.61 6.24 7.15 7.03 15.16

Universal Technical Institute Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.67 14.90 11.69 8.28 25.98

Competitive Comparison of Universal Technical Institute's ROC (Joel Greenblatt) %

For the Education & Training Services subindustry, Universal Technical Institute'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.


Universal Technical Institute's ROC (Joel Greenblatt) % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Universal Technical Institute's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Universal Technical Institute's ROC (Joel Greenblatt) % falls into.



Universal Technical Institute 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)
=(30.024 + 0 + 24.842) - (41.232 + 65.977 + 41.621)
=-93.964

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.29 + 0 + 22.755) - (48.206 + 92.538 + 39.312)
=-122.011

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Universal Technical Institute 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 )
=110.548/( ( (427.422 + max(-93.964, 0)) + (423.575 + max(-122.011, 0)) )/ 2 )
=110.548/( ( 427.422 + 423.575 )/ 2 )
=110.548/425.4985
=25.98 %

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.


Universal Technical Institute  (NYSE:UTI) 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.


Universal Technical Institute ROC (Joel Greenblatt) % Related Terms

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


Universal Technical Institute Business Description

Traded in Other Exchanges
Address
4225 East Windrose Drive, Suite 200, Phoenix, AZ, USA, 85032
Universal Technical Institute Inc is an educational institution. It provides undergraduate degree, as well as certificate programs for technicians in the automotive, diesel, collision repair, motorcycle and marine fields. The company's reportable segment includes Universal Technical Institute (UTI) and Concorde Career Colleges. Majority of the revenue is generated from UTI segment which provides different kinds of degree and non-degree transportation and skilled trades technical training programs under brands such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute and others. It also provides dealer technician training or instructor staffing services to manufacturers.
Executives
Coliseum Capital Management, Llc 10 percent owner 105 ROWAYTON AVENUE, ROWAYTON CT 06853
Kenneth R Trammell director
Linda J Srere director 209 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065
Robert Thomas Devincenzi director 825 E MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Jerome Alan Grant officer: EVP & Chief Operating Officer 16220 N. SCOTTSDALE RD., SUITE 100, SCOTTSDALE AZ 85254
Loretta Lydia Sanchez director 4225 E. WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032
Troy R Anderson officer: EVP and CFO 16220 N SCOTTSDALE RD, SUITE 500, SCOTTSDALE AZ 85254
Tracy Kay Lorenz officer: UTI Division President 4225 E. WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032
Michael A. Slubowski director 4225 E. WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032
Jami J. Frazier officer: Division President 4225 E. WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032
Shannon Lei Okinaka director C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Kimberly J Mcwaters director, officer: CEO and President 20410 NORTH 19TH AVENUE, PHOENIX AZ 85027
Bart Fesperman officer: Chief Commercial Officer 4225 EAST WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032
Sonia Claire Mason officer: Chief Human Resources Officer 4225 EAST WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032
George W. Brochick director 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302