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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. Crossroads Impact's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2022 was 0.00%.
The historical rank and industry rank for Crossroads Impact's ROC (Joel Greenblatt) % or its related term are showing as below:
Crossroads Impact's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for Crossroads Impact'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.
Crossroads Impact Annual Data | |||||||||||||||||||||
Trend | Oct11 | Oct12 | Oct13 | Oct14 | Oct15 | Oct16 | Oct18 | Oct19 | Oct20 | Oct21 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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-196.79 | 95.62 | 55.61 | 48.99 | 1,047.15 |
Crossroads Impact Quarterly Data | ||||||||||||||||||||
Jul16 | Oct16 | Jan17 | Apr17 | Oct18 | Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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353.35 | -1,529.88 | 592.42 | - | - |
For the Real Estate Services subindustry, Crossroads Impact'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.
For the Real Estate industry and Real Estate sector, Crossroads Impact's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Crossroads Impact's ROC (Joel Greenblatt) % falls into.
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: Apr. 2022 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 10.334 | + | 76.549) | - | (234.151 | + | 1.271 | + | 1.504) |
= | -150.043 |
Working Capital | (Q: Jul. 2022 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 11.224 | + | 80.955) | - | (229.069 | + | 1.853 | + | 2.642) |
= | -141.385 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Crossroads Impact for the quarter that ended in Jul. 2022 can be restated as:
ROC (Joel Greenblatt) % | (Q: Jul. 2022 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Apr. 2022 | Q: Jul. 2022 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 0.436 | / | ( ( (0 + max(-150.043, 0)) | + | (0 + max(-141.385, 0)) ) | / | 1 ) |
= | 0.436 | / | ( ( 0 | + | 0 ) | / | 1 ) |
= | 0.436 | / | 0 | ||||
= | % |
Note: The EBIT data used here is four times the quarterly (Jul. 2022) 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.
Crossroads Impact (OTCPK:CRSS) 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.
Thank you for viewing the detailed overview of Crossroads Impact's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Claire Gogel | director | C/O SUNEDISON, INC., 13736 RIVERPORT DRIVE, SUITE 180, MARYLAND HEIGHTS MO 63043 |
210/crds Investment Llc | 10 percent owner, other: See Explanation of Responses | 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225 |
C Clark Webb | director, other: See Explanation of Responses | 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225 |
Robert H Alpert | director, other: See Explanation of Responses | 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225 |
210 Capital, Llc | other: See Explanation of Responses | 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225 |
Jeffrey E. Eberwein | other: See Footnote 1 | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Lone Star Value Investors Lp | other: See Footnote 1 | 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870 |
Lone Star Value Investors Gp Llc | other: See Footnote 1 | 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870 |
Lone Star Value Co-invest I, Lp | other: See Footnote 1 | 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870 |
Lone Star Value Management Llc | other: See Footnote 1 | 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870 |
Hannah M. Bible | director | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Mark C Hood | officer: Executive Vice President | C/O CROSSROADS SYSTEMS, INC., 11000 N. MOPAC EXPRESSWAY #150, AUSTIN TX 78759 |
Galen G Vetter | director | 500 EAST GRANT STREET, #2011, MINNEAPOLIS MN 55404 |
Coleman Richard Kenneth Jr. | director, officer: Chief Executive Officer | 53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870 |
Cf Db Ez Llc | 10 percent owner | 1345 AVENUE OF THE AMERICAS, NEW YORK X1 10105 |
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