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Everest Global (LSE:EVST) ROC (Joel Greenblatt) % : -1,016.17% (As of Oct. 2023)


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What is Everest Global 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. Everest Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -1,016.17%.

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

LSE:EVST' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1381.94   Med: -345.96   Max: -92.19
Current: -284.88

During the past 11 years, Everest Global's highest ROC (Joel Greenblatt) % was -92.19%. The lowest was -1381.94%. And the median was -345.96%.

LSE:EVST's ROC (Joel Greenblatt) % is ranked worse than
96.5% of 1888 companies
in the Consumer Packaged Goods industry
Industry Median: 11.93 vs LSE:EVST: -284.88

Everest Global's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.80% per year.


Everest Global ROC (Joel Greenblatt) % Historical Data

The historical data trend for Everest Global'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.

Everest Global ROC (Joel Greenblatt) % Chart

Everest Global Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -402.35 -411.84 -92.19 -1,381.94 -312.56

Everest Global Semi-Annual Data
Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 -60.70 -6.33 -2,834.49 360.14 -1,016.17

Competitive Comparison of Everest Global's ROC (Joel Greenblatt) %

For the Farm Products subindustry, Everest Global'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.


Everest Global's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Everest Global's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Everest Global 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: Apr. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.49 + 0.212 + 0.0050000000000003) - (0.649 + 0 + 0)
=0.058

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.283 + 0.329 + 0.031) - (1.122 + 0 + -2.2204460492503E-16)
=-0.479

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Everest Global for the quarter that ended in Oct. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Oct. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2023  Q: Oct. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.388/( ( (0.23 + max(0.058, 0)) + (0.182 + max(-0.479, 0)) )/ 2 )
=-2.388/( ( 0.288 + 0.182 )/ 2 )
=-2.388/0.235
=-1,016.17 %

Note: The EBIT data used here is two times the semi-annual (Oct. 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.


Everest Global  (LSE:EVST) 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.


Everest Global ROC (Joel Greenblatt) % Related Terms

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


Everest Global (LSE:EVST) Business Description

Traded in Other Exchanges
Address
48 Chancery Lane, London, GBR, WC2A 1JF
Everest Global PLC is engaged in investing and trading in the agriculture sector in Africa. The company is involved in the manufacturing of herbs & spices, production of guar beans, and trading in agricultural products. There is currently only one geographic reporting and revenue-generating segment for the company, which is South Africa.

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