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Profit Planners Management (Profit Planners Management) ROC (Joel Greenblatt) % : 3,828.57% (As of Feb. 2017)


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What is Profit Planners Management 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. Profit Planners Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2017 was 3,828.57%.

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

PPMT's ROC (Joel Greenblatt) % is not ranked *
in the Business Services industry.
Industry Median: 21.16
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Profit Planners Management ROC (Joel Greenblatt) % Historical Data

The historical data trend for Profit Planners Management'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.

Profit Planners Management ROC (Joel Greenblatt) % Chart

Profit Planners Management Annual Data
Trend May10 May11 May12 May13 May14 May15 May16
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial -1,766.67 -1,700.00 -6,600.00 -7,275.00 3,685.71

Profit Planners Management Quarterly Data
May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,171.43 4,088.89 290.91 2,600.00 3,828.57

Competitive Comparison of Profit Planners Management's ROC (Joel Greenblatt) %

For the Specialty Business Services subindustry, Profit Planners Management'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.


Profit Planners Management's ROC (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Profit Planners Management's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Profit Planners Management's ROC (Joel Greenblatt) % falls into.



Profit Planners Management 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: Nov. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.143 + 0 + 0.009) - (0.853 + 0 + 0)
=-0.701

Working Capital(Q: Feb. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.172 + 0 + 0.0079999999999999) - (0.27 + 0 + 0.657)
=-0.747

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Profit Planners Management for the quarter that ended in Feb. 2017 can be restated as:

ROC (Joel Greenblatt) %(Q: Feb. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2016  Q: Feb. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.268/( ( (0.006 + max(-0.701, 0)) + (0.008 + max(-0.747, 0)) )/ 2 )
=0.268/( ( 0.006 + 0.008 )/ 2 )
=0.268/0.007
=3,828.57 %

Note: The EBIT data used here is four times the quarterly (Feb. 2017) 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.


Profit Planners Management  (OTCPK:PPMT) 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.


Profit Planners Management ROC (Joel Greenblatt) % Related Terms

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Profit Planners Management (Profit Planners Management) Business Description

Traded in Other Exchanges
N/A
Address
1001 Avenues of the Americas, 2nd Floor, New York, NY, USA, 10018
Profit Planners Management Inc provides management, financial and marketing services and business solutions to public and private micro-cap companies.

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