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EMC Instytut Medyczny (WAR:EMC) ROC (Joel Greenblatt) % : 6.55% (As of Dec. 2023)


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What is EMC Instytut Medyczny 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. EMC Instytut Medyczny's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.55%.

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

WAR:EMC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.78   Med: -0.42   Max: 9.33
Current: 9.1

During the past 13 years, EMC Instytut Medyczny's highest ROC (Joel Greenblatt) % was 9.33%. The lowest was -9.78%. And the median was -0.42%.

WAR:EMC's ROC (Joel Greenblatt) % is ranked worse than
51.07% of 656 companies
in the Healthcare Providers & Services industry
Industry Median: 9.605 vs WAR:EMC: 9.10

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


EMC Instytut Medyczny ROC (Joel Greenblatt) % Historical Data

The historical data trend for EMC Instytut Medyczny'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.

EMC Instytut Medyczny ROC (Joel Greenblatt) % Chart

EMC Instytut Medyczny Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.27 0.14 3.68 -0.56 9.33

EMC Instytut Medyczny 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) % 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 -10.43 7.03 12.28 10.25 6.55

Competitive Comparison of EMC Instytut Medyczny's ROC (Joel Greenblatt) %

For the Medical Care Facilities subindustry, EMC Instytut Medyczny'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.


EMC Instytut Medyczny's ROC (Joel Greenblatt) % Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where EMC Instytut Medyczny's ROC (Joel Greenblatt) % falls into.



EMC Instytut Medyczny 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)
=(65.073 + 9.266 + 0) - (49.57 + 0 + 63.763)
=-38.994

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(62.063 + 9.876 + 3.369) - (63.336 + 0 + 46.254)
=-34.282

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of EMC Instytut Medyczny 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 )
=19.364/( ( (300.941 + max(-38.994, 0)) + (290.245 + max(-34.282, 0)) )/ 2 )
=19.364/( ( 300.941 + 290.245 )/ 2 )
=19.364/295.593
=6.55 %

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.


EMC Instytut Medyczny  (WAR:EMC) 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.


EMC Instytut Medyczny ROC (Joel Greenblatt) % Related Terms

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EMC Instytut Medyczny (WAR:EMC) Business Description

Traded in Other Exchanges
N/A
Address
ul. Pilczycka 144-148, Wroclaw, POL, 54-144
EMC Instytut Medyczny SA owns and operates hospitals and clinics in Poland. It offers specialized advice, full diagnostics, hospital treatment, care for older people in specialized centers or home conditions. It also offers services including private medical care, specialized consultations, primary health care, outpatient rehabilitation, long-term care and 24hours medical europaservice.

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