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View (VIEWQ) ROC (Joel Greenblatt) % : -425.66% (As of Sep. 2023)


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What is View 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. View's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -425.66%.

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

VIEWQ' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -167.24   Med: -117.11   Max: -78.87
Current: -167.24

During the past 4 years, View's highest ROC (Joel Greenblatt) % was -78.87%. The lowest was -167.24%. And the median was -117.11%.

VIEWQ's ROC (Joel Greenblatt) % is ranked worse than
96.08% of 1660 companies
in the Construction industry
Industry Median: 18.075 vs VIEWQ: -167.24

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


View ROC (Joel Greenblatt) % Historical Data

The historical data trend for View'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.

View ROC (Joel Greenblatt) % Chart

View Annual Data
Trend Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
- -78.87 -117.97 -117.11

View Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -115.67 -123.85 -91.83 -74.16 -425.66

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

For the Building Products & Equipment subindustry, View'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.


View's ROC (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, View's ROC (Joel Greenblatt) % distribution charts can be found below:

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



View 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)
=(36.54 + 17.832 + 37.892) - (48.524 + 6.474 + 24.336)
=12.93

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(42.571 + 16.699 + 28.56) - (48.331 + 11.284 + 23.921)
=4.294

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of View 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 )
=-834.34/( ( (274.377 + max(12.93, 0)) + (100.419 + max(4.294, 0)) )/ 2 )
=-834.34/( ( 287.307 + 104.713 )/ 2 )
=-834.34/196.01
=-425.66 %

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


View  (OTCPK:VIEWQ) 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.


View ROC (Joel Greenblatt) % Related Terms

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View (VIEWQ) Business Description

Traded in Other Exchanges
N/A
Address
195 South Milpitas Boulevard, Milpitas, CA, USA, 95035
View Inc is a technology company and the market leader in smart windows. View Smart Windows use artificial intelligence to automatically adjust in response to the sun and increase access to natural light, to improve people's health and experience in buildings, while simultaneously reducing energy consumption to mitigate the effects of climate change. Every View installation also includes a smart building platform that consists of power, network, and communication infrastructure.
Executives
Madrone Capital Partners, Llc 10 percent owner 1149 CHESTNUT STREET, SUITE 200, MENLO PARK CA 94025
Guardians Of New Zealand Superannuation 10 percent owner PO BOX 106 607, NEW ZEALAND, AUCKLAND Q2 1143
Rao Mulpuri director, officer: CHIEF EXECUTIVE OFFICER 195 S. MILPITAS BLVD., MILPITAS CA 95035
Scott H Rechler director 225 BROADHOLLOW RD, C/O RECKSON ASSOCIATES, MELVILLE NY 11747
Amy Reeves officer: CHIEF ACCOUNTING OFFICER 195 S. MILPITAS BLVD., MILPITAS CA 95035
Julie Larson-green director C/O HEALTH CATALYST, INC., 3165 MILLROCK DR., #400, SALT LAKE CITY UT 84121
Lisa Picard director 195 S. MILPITAS BLVD., MILPITAS CA 95035
Svf Endurance (cayman) Ltd 10 percent owner C/O WALKERS CORPORATE LIMITED, 27 HOSPITAL ROAD, GEORGE TOWN E9 KY1-9008
William T. Krause officer: See Remarks 195 S. MILPITAS BLVD., MILPITAS CA 95035
Svf Excaliber (cayman) Ltd 10 percent owner 27 HOSPITAL ROAD, WALKERS CORPORATE LTD., CAYMAN CORPORATE CENTRE, GEORGE TOWN, GRAND CAYMAN E9 KY-9008
Nigel Gormly director 195 S. MILPITAS BLVD., MILPITAS CA 95035
Toby Cosgrove director 195 S. MILPITAS BLVD., MILPITAS CA 95035
Martin Neumann officer: See Remarks 195 S. MILPITAS BLVD., MILPITAS CA 95035
Rahul Bammi officer: CHIEF BUSINESS OFFICER 195 S. MILPITAS BLVD., MILPITAS CA 95035
Nitesh Trikha officer: See Remarks 195 S. MILPITAS BLVD., MILPITAS CA 95035