Quest Resource Holding (Quest Resource Holding) ROC (Joel Greenblatt) % : -6.22% (As of Dec. 2023)

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What is Quest Resource Holding 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. Quest Resource Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.22%.

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

QRHC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -351.81 Med: -25.3 Max: 54.71
Current: 17.64

During the past 13 years, Quest Resource Holding's highest ROC (Joel Greenblatt) % was 54.71%. The lowest was -351.81%. And the median was -25.30%.

QRHC's ROC (Joel Greenblatt) % is ranked better than
61.32% of 243 companies
in the Waste Management industry
Industry Median: 12.11 vs QRHC: 17.64

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

Quest Resource Holding ROC (Joel Greenblatt) % Historical Data

The historical data trend for Quest Resource Holding'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.

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Quest Resource Holding ROC (Joel Greenblatt) % Chart

Quest Resource Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

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17.31

39.64

54.71

10.15

14.94

Quest Resource Holding 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															-30.47	20.03	52.09	13.58	-6.22

Competitive Comparison of Quest Resource Holding's ROC (Joel Greenblatt) %

For the Waste Management subindustry, Quest Resource Holding'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.

Quest Resource Holding's ROC (Joel Greenblatt) % Distribution in the Waste Management Industry

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

* The bar in red indicates where Quest Resource Holding's ROC (Joel Greenblatt) % falls into.

Quest Resource Holding 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)
=	(49.932	+	0	+	2.746)	-	(38.714	+	2.498	+	1.709)
=	9.757

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(58.147	+	0	+	2.142)	-	(39.323	+	2.47	+	1.479)
=	17.017

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Quest Resource Holding 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 )
=	-1.088	/	( ( (4.237 + max(9.757, 0))	+	(3.992 + max(17.017, 0)) )	/	2 )
=	-1.088	/	( ( 13.994	+	21.009 )	/	2 )
=	-1.088	/	17.5015
=	-6.22 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Quest Resource Holding (NAS:QRHC) 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.

Quest Resource Holding ROC (Joel Greenblatt) % Related Terms

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

Quest Resource Holding (Quest Resource Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Quest Resource Holding Corp (NAS:QRHC) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

5ZK:Germany

Address

3481 Plano Parkway, Suite 100, The Colony, TX, USA, 75056

Website

https://investors.qrhc.com

Quest Resource Holding Corp is a national provider of waste and recycling services to customers from across multiple industry sectors that are typically larger, multi-location businesses. The company creates customer-specific programs and perform the related services for the collection, processing, recycling, disposal, and tracking of waste streams and recyclables. The company's services focus on the waste streams and recyclables from big box, grocers, and other specialty retailers; automotive after-market operations such as automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and fleet operators; manufacturing and industrial facilities; multi-family and commercial properties; restaurant chains and food operations.

Executives

Audrey Dunning	director	242 MEADOWBROOK DRIVE, CRANBERRY TOWNSHIP PA 16066
David P Sweitzer	officer: EVP and COO	3481 PLANO PARKWAY, THE COLONY TX 75056
Brett Wade Johnston	officer: Sr. VP of Finance and CFO	C/O QUEST RESOURCE HOLDING CORPORATION, 3481 PLANO PARKWAY, THE COLONY TX 75056
S. Ray Hatch	director, officer: President and CEO	3481 PLANO PARKWAY, THE COLONY TX 75056
Wynnefield Partners Small Cap Value Lp I	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Miller Ronald L. Jr.	director	C/O INFINITY RESOURCES HOLDINGS CORP., 1375 NORTH SCOTTSDALE ROAD, SUITE 140, SCOTTSDALE AZ 85257
Alan D. Allred	officer: See Remarks	C/O QUEST RESOURCE HOLDING CORPORATION, 3481 PLANO PARKWAY, THE COLONY TX 75056
Laurie L Latham	officer: Senior VP and CFO	C/O VIEWCAST COM, 2665 VILLA CREEK DRIVE, DALLAS TX 75234
Daniel M. Friedberg	director, 10 percent owner	C/O SAGARD CAPITAL, 325 GREENWICH AVENUE, GREENWICH CT 06830
Barry M Kitt	10 percent owner
Glenn Culpepper	director	6363 S FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Stephen Coskery	officer: See Remarks	C/O QUEST RESOURCE HOLDING CORPORATION, 3481 PLANO PARKWAY, THE COLONY TX 75056
Joshua Landes	10 percent owner
Wynnefield Partners Small Cap Value Lp	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Nelson Obus	10 percent owner