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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. Beyond Commerce's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -27,040.00%.
The historical rank and industry rank for Beyond Commerce's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, Beyond Commerce's highest ROC (Joel Greenblatt) % was -252.08%. The lowest was -9691.33%. And the median was -3079.63%.
Beyond Commerce's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for Beyond Commerce'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.
Beyond Commerce Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | - | -7,959.46 | -9,691.33 | -7,749.77 | -3,079.63 |
Beyond Commerce Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | -2,796.80 | -6,467.37 | 553.85 | -988.24 | -27,040.00 |
For the Advertising Agencies subindustry, Beyond Commerce'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.
For the Media - Diversified industry and Communication Services sector, Beyond Commerce's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Beyond Commerce's ROC (Joel Greenblatt) % falls into.
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) |
= | (0.904 | + | 0 | + | 0.08) | - | (2.176 | + | 0 | + | 0.422) |
= | -1.614 |
Working Capital | (Q: Jun. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.902 | + | 0 | + | 0.068) | - | (2.634 | + | 0 | + | 0.444) |
= | -2.108 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Beyond Commerce for the quarter that ended in Jun. 2023 can be restated as:
ROC (Joel Greenblatt) % | (Q: Jun. 2023 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Mar. 2023 | Q: Jun. 2023 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -1.352 | / | ( ( (0.009 + max(-1.614, 0)) | + | (0.001 + max(-2.108, 0)) ) | / | 2 ) |
= | -1.352 | / | ( ( 0.009 | + | 0.001 ) | / | 2 ) |
= | -1.352 | / | 0.005 | ||||
= | -27,040.00 % |
Note: The EBIT data used here is four times the quarterly (Jun. 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.
Beyond Commerce (OTCPK:BYOC) 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.
Thank you for viewing the detailed overview of Beyond Commerce's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Linlithgow Holdings Llc | 10 percent owner | 9029 SOUTH PECOS, SUITE 2800, HENDERSON NV 89074 |
Paul William Morrisson | director | 780 BEATTY STREET, VANCOUVER A1 BC V6B 2M2 |
Mark Vernon Noffke | officer: Chief Financial Officer | 944 HIDDEN LAKE ROAD, NAPERVILLE IL 60565 |
Barry David Falk | director | 5 HUTTON CENTRE DR. #1400, SANTA ANA CA 92707 |
Michael Warsinske | director | 36 DAY VISTA DRIVE, MILLVALLEY CA 94941 |
Williams H Murray | director | 28426 RANCHO GRANDE, LAGUNA NIGUEL CA 92677 |
Wendy Borow Johnson | other: President Media | 9029 SOUTH PECOS, SUITE 2800, HENDERSON NV 89074 |
Mark Doumani | officer: Vice President | 9029 SOUTH PECOS, SUITE 2800, HENDERSON NV 89074 |
Robert J Mcnulty | director, officer: CEO & President | 9029 SOUTH PECOS, SUITE 2800, HENDERSON NV 89074 |
George Pursglove | 10 percent owner | 9380 NW 39TH COURT, CORAL SPRINGS FL 33065 |
Linda Rutter | director, 10 percent owner, officer: President | 198 VALLEY GLEN HEIGHTS N.W., CALGARY A0 T3B 5P9 |
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