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LanzaTech Global (LanzaTech Global) ROC (Joel Greenblatt) % : -241.77% (As of Mar. 2024)


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What is LanzaTech 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. LanzaTech Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -241.77%.

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

LNZA' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -332.36   Med: -289.04   Max: -219.92
Current: -293.33

During the past 4 years, LanzaTech Global's highest ROC (Joel Greenblatt) % was -219.92%. The lowest was -332.36%. And the median was -289.04%.

LNZA's ROC (Joel Greenblatt) % is ranked worse than
96.71% of 243 companies
in the Waste Management industry
Industry Median: 11.74 vs LNZA: -293.33

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


LanzaTech Global ROC (Joel Greenblatt) % Historical Data

The historical data trend for LanzaTech 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.

LanzaTech Global ROC (Joel Greenblatt) % Chart

LanzaTech Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
-219.92 -264.22 -332.36 -313.85

LanzaTech Global Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -491.93 -444.60 -340.99 -213.17 -241.77

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

For the Waste Management subindustry, LanzaTech 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.


LanzaTech Global's ROC (Joel Greenblatt) % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, LanzaTech Global's ROC (Joel Greenblatt) % distribution charts can be found below:

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



LanzaTech 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.157 + 5.345 + 7.216) - (16.844 + 3.198 + 7.614)
=-3.938

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.689 + 0 + 15.49) - (13.369 + 3.814 + 4.012)
=4.984

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of LanzaTech Global for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-104.616/( ( (41.132 + max(-3.938, 0)) + (40.426 + max(4.984, 0)) )/ 2 )
=-104.616/( ( 41.132 + 45.41 )/ 2 )
=-104.616/43.271
=-241.77 %

Note: The EBIT data used here is four times the quarterly (Mar. 2024) 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.


LanzaTech Global  (NAS:LNZA) 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.


LanzaTech Global ROC (Joel Greenblatt) % Related Terms

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


LanzaTech Global (LanzaTech Global) Business Description

Traded in Other Exchanges
N/A
Address
8045 Lamon Avenue, Suite 400, Skokie, IL, USA, 60077
LanzaTech Global Inc is a nature-based carbon refining company that transforms waste carbon into the chemical building blocks for consumer goods such as sustainable fuels, fabrics, and packaging that people use in their daily lives. The company's goal is to reduce the need for virgin fossil fuels by challenging and striving to change the way the world uses carbon.
Executives
Chad Thompson officer: Chief People Officer LANZATECH GLOBAL, INC., 8045 LAMON AVENUE SUITE 400, SKOKIE IL 60077
Zarath Summers officer: Chief Science Officer LANZATECH GLOBAL, INC., 8045 LAMON AVENUE SUITE 400, SKOKIE IL 60077
Michael Kopke officer: Chief Innovation Officer LANZATECH GLOBAL, INC., 8045 LAMON AVENUE SUITE 400, SKOKIE IL 60077
Cuellar Calad Aura Maria officer: EVP, Growth & Strategy LANZATECH GLOBAL, INC., 8045 LAMON AVENUE SUITE 400, SKOKIE IL 60077
Khosla Ventures Iii, L.p. 10 percent owner 2128 SAND HILL ROAD, MENLO PARK CA 94025
Vk Services, Llc 10 percent owner 2128 SAND HILL ROAD, MENLO PARK CA 94025
Khosla Ventures Associates Iii, Llc 10 percent owner 2128 SAND HILL ROAD, MENLO PARK CA 94025
Vinod Khosla 10 percent owner 2128 SAND HILL RD, MENLO PARK CA 94025
Freya Burton officer: Chief Sustainability Officer 8045 LAMON AVENUE, SUITE 400, SKOKIE IL 60077
Barbara M Byrne director C/O CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
Geoffrey Trukenbrod officer: Chief Financial Officer 8045 LAMON AVENUE, SUITE 400, SKOKIE IL 60077
Johanna Haggstrom officer: VP, Chemicals & HC Fuels Tech. 8045 LAMON AVENUE, SUITE 400, SKOKIE IL 60077
Julie Zarraga officer: EVP, Engineering 8045 LAMON AVENUE, SUITE 400, SKOKIE IL 60077
Steven F Stanley officer: Chief Commercial Officer 8045 LAMON AVENUE, SUITE 400, SKOKIE IL 60077
Robert Conrado officer: VP, Eng. Design & Development 8045 LAMON AVENUE, SUITE 400, SKOKIE IL 60077