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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 International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -258.06%.
The historical rank and industry rank for American International Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
American International Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for American International Holdings'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.
American International Holdings Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | - | - | - | - | 32.76 |
American International Holdings Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | -2,970.11 | 8,120.67 | -8,735.71 | 4,235.48 | -258.06 |
For the Personal Services subindustry, American International Holdings'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.
For the Personal Services industry and Consumer Cyclical sector, American International Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where American International Holdings's ROC (Joel Greenblatt) % falls into.
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: Dec. 2022 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0.013 | + | 0.013) | - | (0.234 | + | 0.012 | + | 1.952) |
= | -2.172 |
Working Capital | (Q: Mar. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 0.0010000000000001) | - | (0.479 | + | 0 | + | 2.128) |
= | -2.606 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of American International Holdings for the quarter that ended in Mar. 2023 can be restated as:
ROC (Joel Greenblatt) % | (Q: Mar. 2023 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Dec. 2022 | Q: Mar. 2023 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -1.24 | / | ( ( (0.116 + max(-2.172, 0)) | + | (0.845 + max(-2.606, 0)) ) | / | 2 ) |
= | -1.24 | / | ( ( 0.116 | + | 0.845 ) | / | 2 ) |
= | -1.24 | / | 0.4805 | ||||
= | -258.06 % |
Note: The EBIT data used here is four times the quarterly (Mar. 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 International Holdings (OTCPK:AMIH) 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.
Thank you for viewing the detailed overview of American International Holdings's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael David Mclaren | director, 10 percent owner, officer: Chief Executive Officer | 205 S BAILEY STREET, ELECTRA TX 76360 |
Gary Giles | director | 2632 TORREY PINE DRIVE, FORT WORTH TX 76109 |
Marble Trital Inc. | 10 percent owner | 90 STATE STREET, SUITE 700, OFFICE 40, ALBANY NY 12207 |
Kenny Myers | director | 5101 ADDISON CIRCLE,, UNIT 401,, ADDISON TX 75001 |
Lorraine Pamela D'alessio | director | 8200 WILSHIRE BLVD, BEVERLY HILLS, CALIFORNIA CA 90211 |
Peter Casey Jensen | director | 1052 MONTE CRISTO, PHOENIX AZ 85022 |
Jacob D. Cohen | director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER | 2101 GLENDALE DRIVE, PLANO TX 75023 |
Luis Alan Hernandez | director, 10 percent owner, officer: CHIEF MARKETING OFFICER | 11222 RICHMOND AVENUE SUITE 195, HOUSTON TX 77082 |
Esteban Alexander | director, 10 percent owner, officer: CHIEF OPERATING OFFICER | 11222 RICHMOND AVENUE, SUITE 195, HOUSTON TX 77082 |
Daniel Dror | officer: Chairman & CEO | 601 HANSON RD, KEMAH TX 77565-2701 |
Stump John W Iii | other: Director | 601 CIEN RD, SUITE 235, KEMAH TX 77565-3077 |
Sherry Lynne Couturier | officer: VP & CFO | 601 CIEN STREET, STE. 235, KEMAH TX 77565 |
American International Industries Inc | 10 percent owner | 601 CIEN ST, SUITE 235, KEMAH TX 77565-2701 |
Gary D Woerz | officer: President and CFO | 601 CIEN RD, SUITE 235, KEMAH TX 77565 |
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