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SolarWindow Technologies (SolarWindow Technologies) ROC (Joel Greenblatt) % : -147.16% (As of Feb. 2024)


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What is SolarWindow Technologies 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. SolarWindow Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -147.16%.

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

WNDW' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11125   Med: -1505.22   Max: -163.03
Current: -163.96

During the past 13 years, SolarWindow Technologies's highest ROC (Joel Greenblatt) % was -163.03%. The lowest was -11125.00%. And the median was -1505.22%.

WNDW's ROC (Joel Greenblatt) % is ranked worse than
93.46% of 428 companies
in the Utilities - Independent Power Producers industry
Industry Median: 7.56 vs WNDW: -163.96

SolarWindow Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 43.80% per year.


SolarWindow Technologies ROC (Joel Greenblatt) % Historical Data

The historical data trend for SolarWindow Technologies'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.

SolarWindow Technologies ROC (Joel Greenblatt) % Chart

SolarWindow Technologies Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -595.89 -404.09 -486.27 -258.13 -163.03

SolarWindow Technologies Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 -160.89 -167.64 -172.37 -164.82 -147.16

Competitive Comparison of SolarWindow Technologies's ROC (Joel Greenblatt) %

For the Utilities - Renewable subindustry, SolarWindow Technologies'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.


SolarWindow Technologies's ROC (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SolarWindow Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:

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



SolarWindow Technologies 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: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.438) - (0.192 + 0 + 0.14)
=0.106

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.173) - (0.083 + 0 + 0.143)
=-0.053

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of SolarWindow Technologies for the quarter that ended in Feb. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.008/( ( (1.312 + max(0.106, 0)) + (1.311 + max(-0.053, 0)) )/ 2 )
=-2.008/( ( 1.418 + 1.311 )/ 2 )
=-2.008/1.3645
=-147.16 %

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


SolarWindow Technologies  (OTCPK:WNDW) 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.


SolarWindow Technologies ROC (Joel Greenblatt) % Related Terms

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SolarWindow Technologies (SolarWindow Technologies) Business Description

Traded in Other Exchanges
N/A
Address
9375 E. Shea Blvd., Suite 107-B, Scottsdale, AZ, USA, 85260
SolarWindow Technologies Inc is a developer of transparent electricity-generating coatings namely LiquidElectricity Coatings. The LiquidElectricity Coatings transform surfaces into photovoltaic devices capable of generating electricity from natural sun, artificial light, and low, shaded, or reflected light conditions while maintaining transparency. Its products cater to multiple industries, including architectural, automotive, agrivoltaic, aerospace, commercial transportation, and marine.
Executives
Frank J Fabio officer: CFO/Sec. (Resigned 1/9/2009) 670 BROADWAY, MASSAPEQUA NY 11758
Jatinder S Bhogal director 216-1628 WEST 1ST AVE, VANCOUVER A1 V6J1G1
Harmel S Rayat director, 10 percent owner, officer: SECRETARY, TREASURER 700 - 688 WEST HASTINGS STREET, VANCOUVER A1 V6B 1P1
Joseph Sierchio director 430 PARK AVENUE, SUITE 702, NEW YORK NY 10022
Alastair K. Livesey director 216 - 1628 WEST 1ST AVENUE, VANCOUVER A1 V6J1G1
Thomas N Gladwin director 1628 WEST 1ST AVENUE, SUITE 216, VANCOUVER A1 V6J1G1
Nicholas S. Cucinelli director, officer: PRESIDENT/CEO 1628 WEST 1ST AVENUE, SUITE 216, VANCOUVER A1 V6J1G1

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