Legacy Education Alliance (Legacy Education Alliance) ROC (Joel Greenblatt) % : -4,198.73% (As of Sep. 2023)

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What is Legacy Education Alliance 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. Legacy Education Alliance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -4,198.73%.

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

LEAI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2947.54 Med: 189.93 Max: 1910.88
Current: -2947.54

During the past 11 years, Legacy Education Alliance's highest ROC (Joel Greenblatt) % was 1910.88%. The lowest was -2947.54%. And the median was 189.93%.

LEAI's ROC (Joel Greenblatt) % is ranked worse than
99.24% of 264 companies
in the Education industry
Industry Median: 15.64 vs LEAI: -2947.54

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

Legacy Education Alliance ROC (Joel Greenblatt) % Historical Data

The historical data trend for Legacy Education Alliance'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.

Legacy Education Alliance ROC (Joel Greenblatt) % Chart

Legacy Education Alliance Annual Data

Trend

Sep13

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROC (Joel Greenblatt) %

Get a 7-Day Free Trial

-562.65

129.85

1,910.88

1,457.97

-1,640.60

Legacy Education Alliance Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															35,600.00	-1,157.52	-3,513.88	-2,887.36	-4,198.73

Competitive Comparison of Legacy Education Alliance's ROC (Joel Greenblatt) %

For the Education & Training Services subindustry, Legacy Education Alliance'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.

Legacy Education Alliance's ROC (Joel Greenblatt) % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Legacy Education Alliance's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Legacy Education Alliance's ROC (Joel Greenblatt) % falls into.

Legacy Education Alliance 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	+	0.001	+	0.658)	-	(7.378	+	3.861	+	9.442)
=	-20.022

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.001	+	0.673)	-	(7.78	+	3.861	+	9.442)
=	-20.409

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Legacy Education Alliance for the quarter that ended in Sep. 2023 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.296	/	( ( (0.078 + max(-20.022, 0))	+	(0.079 + max(-20.409, 0)) )	/	2 )
=	-3.296	/	( ( 0.078	+	0.079 )	/	2 )
=	-3.296	/	0.0785
=	-4,198.73 %

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

Legacy Education Alliance (OTCPK:LEAI) 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.

Legacy Education Alliance ROC (Joel Greenblatt) % Related Terms

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

Legacy Education Alliance (Legacy Education Alliance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Legacy Education Alliance Inc (OTCPK:LEAI) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1490 NE Pine Island Road, Suite 5D, Cape Coral, FL, USA, 33909

Website

https://www.legacyeducationalliance.com

Legacy Education Alliance Inc is engaged in the provision of educational training seminars, conferences, and services. It offers comprehensive instruction and mentorship in the areas of personal finance, entrepreneurship, real estate investing strategies, and techniques. Some of its brands are Homemade Investor, and Building Wealth with Legacy. Its geographical segments are North America, the United Kingdom, and Other foreign markets, of which the majority of its revenue comes from North America.

Executives

Barry Kostiner	director	C/O AMERI HOLDINGS, INC., 5000 RESEARCH COURT, SUITE 750, SUWANEE GA 30024
Michel Botbol	director, officer: Chief Executive Officer	1490 N. E. PINE ISLAND RD., SUITE 5D, CAPE CORAL FL 33909
Legacy Tech Partners, Llc	10 percent owner	1 N SHERRI LANE, SPRING VALLEY NY 10977
Peter W Harper	director	C/O SUNTRON CORP, 2501 WEST GRANDVIEW ROAD, PHOENIX AZ 85023
Anthony C. Humpage	director, 10 percent owner	1612 EAST CAPE CORAL PKWY, LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
Vanessa Guzman-clark	officer: Chief Financial Officer	1831 SOUTHWEST 6TH AVENUE, CAPE CORAL FL 33991
Martin Foster	officer: Co-President	50 VALE ROAD, WINDSOR X0 SL4 5LA
Cary Sucoff	director	1612 EAST CAPE CORAL PKWY, C/O LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
Fredrick Dummar	officer: Senior Vice President & NEO	1612 EAST CAPE CORAL PKWY, 1, CAPE CORAL FL 33904
Christian Baeza	officer: Chief Financial Officer	1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904
James K Bass	director, officer: Chairman of the Board	1612 EAST CAPE CORAL PKWY, C/O LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
James E. May	officer: Executive Vice President	1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904
Iain Edwards	officer: Chief Operating Officer	1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904