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ArborGen Holdings (ArborGen Holdings) ROC (Joel Greenblatt) % : -1.61% (As of Sep. 2023)


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What is ArborGen Holdings 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. ArborGen Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -1.61%.

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

RUBNF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.7   Med: -1.51   Max: 9.71
Current: 3.43

During the past 13 years, ArborGen Holdings's highest ROC (Joel Greenblatt) % was 9.71%. The lowest was -15.70%. And the median was -1.51%.

RUBNF's ROC (Joel Greenblatt) % is ranked worse than
59.18% of 294 companies
in the Forest Products industry
Industry Median: 6.025 vs RUBNF: 3.43

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


ArborGen Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for ArborGen Holdings'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.

ArborGen Holdings ROC (Joel Greenblatt) % Chart

ArborGen Holdings Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Mar19 Mar20 Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.24 -2.11 5.90 -1.72 3.33

ArborGen Holdings Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 -5.72 -2.01 -2.63 8.92 -1.61

Competitive Comparison of ArborGen Holdings's ROC (Joel Greenblatt) %

For the Lumber & Wood Production subindustry, ArborGen Holdings'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.


ArborGen Holdings's ROC (Joel Greenblatt) % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, ArborGen Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



ArborGen Holdings 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: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.484 + 31.219 + 2.767) - (10.67 + 0.494 + 0)
=32.306

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.821 + 46.164 + 0) - (16.113 + 0.692 + 0.0010000000000012)
=36.179

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of ArborGen Holdings 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: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.186/( ( (37.937 + max(32.306, 0)) + (40.728 + max(36.179, 0)) )/ 2 )
=-1.186/( ( 70.243 + 76.907 )/ 2 )
=-1.186/73.575
=-1.61 %

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) 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.


ArborGen Holdings  (OTCPK:RUBNF) 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.


ArborGen Holdings ROC (Joel Greenblatt) % Related Terms

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ArborGen Holdings (ArborGen Holdings) Business Description

Traded in Other Exchanges
Address
100 Parnell Road, Suite 107 PO Box 68 249, Victoria Street West, Auckland, NZL, 1052
ArborGen Holdings Ltd is a producer of tree seedling products and providers of conventional and technology-enhanced seedlings to the forestry industry. Seedlings are sold to landowners and managers. The Company has one reportable segment, being forestry genetics. The Company's revenues are earned from the sale of seedlings or treestocks and logistics services to some customers. The firm focuses on loblolly pine, radiata pine, and eucalyptus. Tenon clear wood is a manufacturer of radiata pine clear wood products. The firm converts logs into log length, clear boards, and related products.

ArborGen Holdings (ArborGen Holdings) Headlines

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