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Move (FRA:HMZN) ROC (Joel Greenblatt) % : -120.25% (As of Sep. 2014)


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What is Move 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. Move's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2014 was -120.25%.

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

FRA:HMZN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2270.78   Med: -24.35   Max: 28.46
Current: -66.15

During the past 13 years, Move's highest ROC (Joel Greenblatt) % was 28.46%. The lowest was -2270.78%. And the median was -24.35%.

FRA:HMZN's ROC (Joel Greenblatt) % is not ranked
in the Interactive Media industry.
Industry Median: -0.05 vs FRA:HMZN: -66.15

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


Move ROC (Joel Greenblatt) % Historical Data

The historical data trend for Move'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.

Move ROC (Joel Greenblatt) % Chart

Move Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -51.21 14.46 28.54 22.39 12.93

Move Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 15.19 45.71 -48.97 -79.48 -120.25

Competitive Comparison of Move's ROC (Joel Greenblatt) %

For the Internet Content & Information subindustry, Move'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.


Move's ROC (Joel Greenblatt) % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Move's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Move 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. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.189 + 0 + 6.948) - (24.889 + 5.468 + 0)
=-15.22

Working Capital(Q: Sep. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.044 + 0 + 7.495) - (30.836 + 5.502 + 0)
=-19.799

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Move for the quarter that ended in Sep. 2014 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2014 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2014  Q: Sep. 2014
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-25.456/( ( (19.941 + max(-15.22, 0)) + (22.397 + max(-19.799, 0)) )/ 2 )
=-25.456/( ( 19.941 + 22.397 )/ 2 )
=-25.456/21.169
=-120.25 %

Note: The EBIT data used here is four times the quarterly (Sep. 2014) 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.


Move  (FRA:HMZN) 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.


Move ROC (Joel Greenblatt) % Related Terms

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Move (FRA:HMZN) Business Description

Traded in Other Exchanges
N/A
Address
Move, Inc. was incorporated in the State of Delaware in 1993 under the name of InfoTouch Corporation. The Company and its subsidiaries operate an online network of websites for real estate information marketplace connecting consumers with the information and the expertise they need to make informed home buying, selling, financing and renting decisions. It provides consumers with a powerful combination of breadth, depth and accuracy of information about homes for sale, new construction, homes for rent, multi-family rental properties, senior living communities, home financing, home improvement and moving resources. Its flagship consumer web sites are REALTOR.com, Move.com and Moving.comTM. The Company also supplies management software and marketing services for real estate agents and brokers through its Top Producer and TigerLead businesses. The Company categorizes its products and services into two groups: Consumer Advertising and Software and Services. The Company's Consumer Advertising products are focused on providing real estate consumers with the information, tools and professional expertise they need to make informed home buying, selling, financing and renting decisions through its operation of realtor.com and other consumer-facing web sites. Realtor.com is the official web site of the National Association of Realtors (the "NAR"), the largest trade association in the U.S. that represents residential and commercial real estate professionals, including brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry. The Company's Software and Services products are committed to delivering valuable connections to real estate professionals by providing them with advertising systems, productivity and management tools, and reporting with the goal of helping to make them more successful. It separately operates several other websites providing single family and multi-family rental listings, senior housing and moving-related content and services to its consumer audience. Realtor.com competes in a highly fragmented and highly complex local real estate marketplace. Competition within realtor.com falls into two general categories: (i) online real estate media companies; and (ii) offline advertising offerings, including newspaper classifieds, direct mail and other traditional offline media. The Company has nine patents issued in the U.S.

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