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Carrier Alliance Holdings (Carrier Alliance Holdings) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2011)


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What is Carrier Alliance Holdings 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. Carrier Alliance Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2011 was 0.00%.

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

CAHI's ROC (Joel Greenblatt) % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 10.23
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Carrier Alliance Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Carrier Alliance Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Carrier Alliance 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.

* Premium members only.

Carrier Alliance Holdings ROC (Joel Greenblatt) % Chart

Carrier Alliance Holdings Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -516.50 -200.00 -373.33 - -

Carrier Alliance Holdings Quarterly Data
Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11
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 - - - - -

Competitive Comparison of Carrier Alliance Holdings's ROC (Joel Greenblatt) %

For the Specialty Retail subindustry, Carrier Alliance 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.


Carrier Alliance Holdings's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Carrier Alliance Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Carrier Alliance Holdings's ROC (Joel Greenblatt) % falls into.



Carrier Alliance Holdings 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. 2011 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.279 + 0.004 + 0.006) - (0.164 + 0.034 + 0.189)
=-0.098

Working Capital(Q: Dec. 2011 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.283 + 0.004 + 0.001) - (0.267 + 0 + 0.173)
=-0.152

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Carrier Alliance Holdings for the quarter that ended in Dec. 2011 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2011 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2011  Q: Dec. 2011
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.528/( ( (0 + max(-0.098, 0)) + (0 + max(-0.152, 0)) )/ 1 )
=-0.528/( ( 0 + 0 )/ 1 )
=-0.528/0
= %

Note: The EBIT data used here is four times the quarterly (Dec. 2011) 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.


Carrier Alliance Holdings  (OTCPK:CAHI) 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.


Carrier Alliance Holdings ROC (Joel Greenblatt) % Related Terms

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Carrier Alliance Holdings (Carrier Alliance Holdings) Business Description

Traded in Other Exchanges
N/A
Address
120C Wilbur Place, 27th Floor, Bohemia, NY, USA, 11776
Website
Carrier Alliance Holdings, Inc formerlly Tilden Associates, Inc. is in the business of selling automotive franchises and administering and supporting full service automotive repair centers under the name 'TILDEN FOR BRAKES CAR CARE CENTERS'.

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