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American Shared Hospital Services (American Shared Hospital Services) ROC (Joel Greenblatt) %

: 12.04% (As of Dec. 2023)
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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. American Shared Hospital Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.04%.

The historical rank and industry rank for American Shared Hospital Services's ROC (Joel Greenblatt) % or its related term are showing as below:

AMS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -20.48   Med: 6.19   Max: 11.29
Current: 6.96

During the past 13 years, American Shared Hospital Services's highest ROC (Joel Greenblatt) % was 11.29%. The lowest was -20.48%. And the median was 6.19%.

AMS's ROC (Joel Greenblatt) % is ranked worse than
53.83% of 652 companies
in the Healthcare Providers & Services industry
Industry Median: 9.315 vs AMS: 6.96

American Shared Hospital Services's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


American Shared Hospital Services ROC (Joel Greenblatt) % Historical Data

The historical data trend for American Shared Hospital Services'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.

American Shared Hospital Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.76 -20.48 5.19 11.29 6.61

American Shared Hospital Services Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROC (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only 13.44 6.75 1.04 8.06 12.04

Competitive Comparison

For the Medical Care Facilities subindustry, American Shared Hospital Services'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.


American Shared Hospital Services ROC (Joel Greenblatt) % Distribution

For the Healthcare Providers & Services industry and Healthcare sector, American Shared Hospital Services's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where American Shared Hospital Services's ROC (Joel Greenblatt) % falls into.



American Shared Hospital Services 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.986 + 0 + 1.197) - (5.364 + 0 + 1.743)
=-1.924

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.343 + 0 + 1.919) - (2.77 + 0 + 1.407)
=2.085

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of American Shared Hospital Services for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3.208/( ( (25.291 + max(-1.924, 0)) + (25.92 + max(2.085, 0)) )/ 2 )
=3.208/( ( 25.291 + 28.005 )/ 2 )
=3.208/26.648
=12.04 %

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


American Shared Hospital Services  (AMEX:AMS) 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.


American Shared Hospital Services ROC (Joel Greenblatt) % Related Terms

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


American Shared Hospital Services (American Shared Hospital Services) Business Description

Traded in Other Exchanges
N/A
Address
601 Montgomery, Suite 1112, San Francisco, CA, USA, 94111-2619
American Shared Hospital Services provides stereotactic radiosurgery equipment and Advanced radiation therapy and related equipment. It currently provides Gamma Knife units to medical centers and stand-alone facilities. The company, along with its subsidiaries, operates through the following operations: Gamma Knife, Advanced Radiation Therapy Equipment and Services, and Proton Beam Radiation Therapy Operations. It generates most of its revenue from the domestic market.
Executives
Robert L Hiatt officer: Chief Financial Officer C/O BARACK FERRAZZANO, 333 W WACKER #2700, CHICAGO IL 60606
Peter M Gaccione officer: Chief Operating Officer 601 MONTGOMERY STREET, SUITE 1112, SAN FRANCISCO CA 94111
Vicki L Wilson director TWO EMBARCADERO CENTER, STE 410, SAN FRANCISCO CA 94111
Kathleen Miles director TWO EMBARCADERO CENTER, STE 410, SAN FRANCISCO CA 94111
Ernest Robert Bates officer: Vice President 350 MARGARITA DRIVE, SAN RAFAEL CA 94901
Sandra Aj Lawrence director C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Saim Mert Ozyurek director 2 EMBARCADERO CENTER, SUITE 410, SAN FRANCISCO CA 94111
David Larson director 80 CERRITOS AVE, SAN FRANCISCO CA 94127
Kelly Daniel G Jr director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Raymond C Stachowiak director, 10 percent owner, officer: Interim President & CEO C/O ASHS, 2 EMBARCADERO CENTER-SUITE 410, SAN FRANCISCO CA 94111
Trotman Stanley S Jr director
Craig Kenji Tagawa officer: COO/CFO 5323 SPRINGRIDGE COURT, FAIRFIELD CA 94534
Ernest A Bates director, 10 percent owner, officer: CHAIRMAN AND CEO FOUR EMBARCADERO CENTER 3620, SAN FRANCISO CA 94111-4155
American Shared Hospital Services director, 10 percent owner, officer: CHAIRMAN AND CEO 601 MONTGOMERY STREET, SUITE 1112, SAN FRANCISCO CA 94111
John F Ruffle director 77 PLEASANTVILLE ROAD, NEW VERNON NJ 07976