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ZONE (CleanCore Solutions) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2023)


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What is CleanCore Solutions 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. CleanCore Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

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

ZONE' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10872.73   Med: -6548.87   Max: -93.54
Current: -93.54

During the past 3 years, CleanCore Solutions's highest ROC (Joel Greenblatt) % was -93.54%. The lowest was -10872.73%. And the median was -6548.87%.

ZONE's ROC (Joel Greenblatt) % is ranked worse than
94.98% of 3007 companies
in the Industrial Products industry
Industry Median: 13.08 vs ZONE: -93.54

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


CleanCore Solutions ROC (Joel Greenblatt) % Historical Data

The historical data trend for CleanCore Solutions'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.

CleanCore Solutions ROC (Joel Greenblatt) % Chart

CleanCore Solutions Annual Data
Trend Jun21 Jun22 Jun23
ROC (Joel Greenblatt) %
-10,872.73 -2,225.00 -

CleanCore Solutions Quarterly Data
Jun21 Mar22 Jun22 Oct22 Mar23 Jun23 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial -800.00 -5,969.23 -32.54 -215.92 -

Competitive Comparison of CleanCore Solutions's ROC (Joel Greenblatt) %

For the Pollution & Treatment Controls subindustry, CleanCore Solutions'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.


CleanCore Solutions's ROC (Joel Greenblatt) % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CleanCore Solutions's ROC (Joel Greenblatt) % distribution charts can be found below:

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



CleanCore Solutions 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.234 + 0.672 + 0.438) - (0.71 + 0 + 0.156)
=0.478

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.122 + 0.742 + 0.672) - (1.19 + 0 + 0.111)
=0.235

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of CleanCore Solutions 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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (0.468 + max(0.478, 0)) + (0.425 + max(0.235, 0)) )/ 2 )
=0/( ( 0.946 + 0.66 )/ 2 )
=0/0.803
=0.00 %

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.


CleanCore Solutions  (AMEX:ZONE) 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.


CleanCore Solutions ROC (Joel Greenblatt) % Related Terms

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CleanCore Solutions Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
5920 South 118th Circle, Suite 2, Omaha, NE, USA, 68137
CleanCore Solutions Inc engages in the development and manufacturing of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. The firm has a patented nanobubble technology using aqueous ozone that is effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas. The company offers products and solutions that are marketed for janitorial and sanitation, ice machine cleaning, laundry, and industrial industries. Its products are used in many types of environments including retail establishments, distribution centers, factories, warehouses, restaurants, schools and universities, airports, healthcare, food service, and commercial buildings such as offices, malls, and stores.

CleanCore Solutions Headlines

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