Bright Mountain Media (Bright Mountain Media) ROC (Joel Greenblatt) % : -1,474.48% (As of Mar. 2024)

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What is Bright Mountain Media 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. Bright Mountain Media's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1,474.48%.

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

BMTM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23623.09 Med: -1755.06 Max: -213.01
Current: -5326.72

During the past 12 years, Bright Mountain Media's highest ROC (Joel Greenblatt) % was -213.01%. The lowest was -23623.09%. And the median was -1755.06%.

BMTM's ROC (Joel Greenblatt) % is ranked worse than
95.82% of 574 companies
in the Interactive Media industry
Industry Median: 5.025 vs BMTM: -5326.72

Bright Mountain Media's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.20% per year.

Bright Mountain Media ROC (Joel Greenblatt) % Historical Data

The historical data trend for Bright Mountain Media'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.

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Bright Mountain Media ROC (Joel Greenblatt) % Chart

Bright Mountain Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

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-2,952.86

-23,623.09

-7,755.38

-1,636.44

-5,783.99

Bright Mountain Media Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															-2,631.87	-3,241.61	-12,952.53	-2,356.89	-1,474.48

Competitive Comparison of Bright Mountain Media's ROC (Joel Greenblatt) %

For the Internet Content & Information subindustry, Bright Mountain Media'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.

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

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

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

Bright Mountain Media 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: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13.799	+	0	+	1.057)	-	(17.536	+	4.569	+	3.025)
=	-10.274

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.866	+	0	+	1.178)	-	(15.945	+	6.268	+	3.026)
=	-13.195

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bright Mountain Media for the quarter that ended in Mar. 2024 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7.048	/	( ( (0.505 + max(-10.274, 0))	+	(0.451 + max(-13.195, 0)) )	/	2 )
=	-7.048	/	( ( 0.505	+	0.451 )	/	2 )
=	-7.048	/	0.478
=	-1,474.48 %

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Bright Mountain Media (OTCPK:BMTM) 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.

Bright Mountain Media ROC (Joel Greenblatt) % Related Terms

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

Bright Mountain Media (Bright Mountain Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Bright Mountain Media Inc (OTCPK:BMTM) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6400 Congress Avenue, Suite 2050, Boca Raton, FL, USA, 33487

Website

https://www.brightmountainmedia.com

Bright Mountain Media Inc is a holding company that focuses on digital publishing and advertising technology. The Company is engaged in content creation and advertising technology development that helps customers connect with, and market to, targeted audiences in high-quality environments using a variety of digital ad formats. The Company generates revenue through sales of advertising services which generate revenue from advertisements placed on the Company's owned and managed sites, as well as from advertisements placed on partner websites, for which the company earns a share of the revenue.

Executives

Ethan Rudin	officer: Chief Financial Officer	1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Pamela J. Parizek	director	C/O BRIGHT MOUNTAIN MEDIA, INC., 6400 CONGRESS AVENUE, SUITE 6400, BOCA RATON FL 33487
W Kip Speyer	director, 10 percent owner, officer: CEO, PRESIDENT, CHAIRMAN	10361 PARKSTONE WAY, BOCA RATON FL 33498
Charles Pearlman	director	1 EAST BROWARD BLVD., FORT LAUDERDALE FL 33301
Dennis W Healey	director, officer: CFO, Secretary	14044 ICOT BOULEVARD, CLEARWATER FL 33760
Randolph A Pohlman	director	102 S WYNSTONE PARK DR, N BARRINGTON IL 60010
Charles Howard Lichtman	director	1098 MARBLE WAY, BOCA RATON FL 33432
Richard M. Rogers	director	3707 AMELIA ISLAND LANE, DAVIE FL 33328
Jonathan Thielmann	director	126 E. LEE RD., DELRAY BEACH FL 33445
Annette Casacci	officer: Chief Financial Officer	3774 PEBBLEBROOK MANOR, COCONUT CREEK FL 33073
Todd Speyer	director, officer: Dir. Bus. Dvlpmt/Website Mgr.	9060 CHRYSANTHEMUM DRIVE, BOYNTON BEACH FL 33437
Todd F. Davenport	director	48 SALEM ST., SALEM MA 01810
Andrew Handwerker	10 percent owner	4399 PINE TREE DRIVE, BOYNTON BEACH FL 33436