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WSRRF (Harrys Manufacturing) ROC (Joel Greenblatt) % : -23,600.00% (As of Apr. 2024)


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What is Harrys Manufacturing 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. Harrys Manufacturing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2024 was -23,600.00%.

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

WSRRF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18542.86   Med: -1502   Max: -233.37
Current: -15681.82

During the past 13 years, Harrys Manufacturing's highest ROC (Joel Greenblatt) % was -233.37%. The lowest was -18542.86%. And the median was -1502.00%.

WSRRF's ROC (Joel Greenblatt) % is ranked worse than
100% of 53 companies
in the Tobacco Products industry
Industry Median: 26.11 vs WSRRF: -15681.82

Harrys Manufacturing's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.40% per year.


Harrys Manufacturing ROC (Joel Greenblatt) % Historical Data

The historical data trend for Harrys Manufacturing'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.

Harrys Manufacturing ROC (Joel Greenblatt) % Chart

Harrys Manufacturing Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3,414.31 -272.87 -240.43 -375.85 -19,640.00

Harrys Manufacturing Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 -27,400.00 -21,600.00 -266.67 -35,600.00 -23,600.00

Competitive Comparison of Harrys Manufacturing's ROC (Joel Greenblatt) %

For the Tobacco subindustry, Harrys Manufacturing'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.


Harrys Manufacturing's ROC (Joel Greenblatt) % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Harrys Manufacturing's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Harrys Manufacturing 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: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.009 + 0 + 0.028) - (0.246 + 0 + 0)
=-0.209

Working Capital(Q: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.008 + 0 + 0.023) - (0.287 + 0 + 0)
=-0.256

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Harrys Manufacturing for the quarter that ended in Apr. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Apr. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2024  Q: Apr. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.236/( ( (0.001 + max(-0.209, 0)) + (0.001 + max(-0.256, 0)) )/ 2 )
=-0.236/( ( 0.001 + 0.001 )/ 2 )
=-0.236/0.001
=-23,600.00 %

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


Harrys Manufacturing  (OTCPK:WSRRF) 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.


Harrys Manufacturing ROC (Joel Greenblatt) % Related Terms

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Harrys Manufacturing Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7
Harrys Manufacturing Inc is engaged in the sale and distribution of tobacco products. It is a wholesale distributor of high quality 100% natural tobacco cigarettes. It utilizes various types of tobacco blends to satisfy customer demands and preferences for products that meet Health Canada standards.

Harrys Manufacturing Headlines

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