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Swisher Hygiene (Swisher Hygiene) ROC (Joel Greenblatt) % : -3,042.83% (As of Mar. 2016)


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What is Swisher Hygiene 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. Swisher Hygiene's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2016 was -3,042.83%.

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

SWSH's ROC (Joel Greenblatt) % is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 11.17
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Swisher Hygiene ROC (Joel Greenblatt) % Historical Data

The historical data trend for Swisher Hygiene'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.

Swisher Hygiene ROC (Joel Greenblatt) % Chart

Swisher Hygiene Annual Data
Trend Aug06 Aug07 Aug08 Aug09 Aug10 Dec11 Dec12 Dec13 Dec14 Dec15
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -47.71 -78.01 -218.22 -76.82 -36.44

Swisher Hygiene Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 -68.45 -63.27 -50.44 -24.88 -3,042.83

Competitive Comparison of Swisher Hygiene's ROC (Joel Greenblatt) %

For the Household & Personal Products subindustry, Swisher Hygiene'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.


Swisher Hygiene's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

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

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



Swisher Hygiene 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: Dec. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.158 + 0 + 1.831) - (3.237 + 0 + 0.235)
=0.517

Working Capital(Q: Mar. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.158 + 0 + 1.408) - (3.284 + 0 + 0)
=-1.718

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Swisher Hygiene for the quarter that ended in Mar. 2016 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2015  Q: Mar. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-8.596/( ( (0.026 + max(0.517, 0)) + (0.022 + max(-1.718, 0)) )/ 2 )
=-8.596/( ( 0.543 + 0.022 )/ 2 )
=-8.596/0.2825
=-3,042.83 %

Note: The EBIT data used here is four times the quarterly (Mar. 2016) 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.


Swisher Hygiene  (OTCPK:SWSH) 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.


Swisher Hygiene ROC (Joel Greenblatt) % Related Terms

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Swisher Hygiene (Swisher Hygiene) Business Description

Traded in Other Exchanges
N/A
Address
Swisher Hygiene Inc is engaged in providing hygiene and sanitizing solutions that include cleaning and sanitizing chemicals, restroom hygiene programs and related products and services.
Executives
Albert J Detz other: SVP and CFO C/O THEGLOBE.COM, INC., 110 E. BROWARD BOULEVARD, #1400, FT LAUDERDALE FL 33301
William D Pruitt director C/O KOS PHARMACEUTICALS, INC., 2200 N. COMMERCE PKWY., SUITE 300, WESTON FL 33326-3258
Harris W Hudson director 200 EAST LAS BLVD, FORT LAUDERDALE FL 33301
Michael Serruya director C/O RESPONSE GENETICS, INC., 1640 MARENGO ST., 6TH FLOOR, LOS ANGELES CA 90033
H Wayne Huizenga director, 10 percent owner 2215 YORK RD, SUITE 600, OAKBROOK IL 60521
John Ellis Bush director 1200 ANASTASIA, SUITE 500, CORAL GABLES FL 33134
Ramon A Rodriguez other: Former Director 110 S E 6TH STREET 28 TH FLOOR, FORT LAUDERDALE FL 33301
George A Villasana officer: Executive VP & General Counsel 2905 PREMIERE PARKWAY, SUITE 300, DULUTH GA 30097
Steven R Berrard director, 10 percent owner, officer: See Remarks BIRMINGHAM STEEL, PO BOX 1208, BIRMINHAM AL 35201
James E Oconnor director 110 S E 6TH STREET, FORT LAUDERDALE FL 33301

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