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DISH Network (DISH Network) ROC (Joel Greenblatt) % : -6.92% (As of Sep. 2023)


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What is DISH Network 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. DISH Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -6.92%.

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

DISH' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.69   Med: 76.59   Max: 107.21
Current: 19.69

During the past 13 years, DISH Network's highest ROC (Joel Greenblatt) % was 107.21%. The lowest was 19.69%. And the median was 76.59%.

DISH's ROC (Joel Greenblatt) % is not ranked
in the Telecommunication Services industry.
Industry Median: 14.195 vs DISH: 19.69

DISH Network's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -6.20% per year.


DISH Network ROC (Joel Greenblatt) % Historical Data

The historical data trend for DISH Network'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.

DISH Network ROC (Joel Greenblatt) % Chart

DISH Network Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 107.21 82.35 100.65 91.93 47.82

DISH Network Quarterly Data
Dec18 Mar19 Jun19 Sep19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.62 66.71 15.26 12.56 -6.92

Competitive Comparison of DISH Network's ROC (Joel Greenblatt) %

For the Telecom Services subindustry, DISH Network'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.


DISH Network's ROC (Joel Greenblatt) % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, DISH Network's ROC (Joel Greenblatt) % distribution charts can be found below:

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



DISH Network 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)
=(840.533 + 490.674 + 553.84) - (3977.511 + 602.569 + 0)
=-2695.033

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(802.598 + 572.591 + 737.991) - (4128.396 + 595.42 + 0)
=-2610.636

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of DISH Network 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 )
=-698.616/( ( (9904.296 + max(-2695.033, 0)) + (10277.512 + max(-2610.636, 0)) )/ 2 )
=-698.616/( ( 9904.296 + 10277.512 )/ 2 )
=-698.616/10090.904
=-6.92 %

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.


DISH Network  (NAS:DISH) 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.


DISH Network ROC (Joel Greenblatt) % Related Terms

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


DISH Network (DISH Network) Business Description

Traded in Other Exchanges
N/A
Address
9601 South Meridian Boulevard, Englewood, CO, USA, 80112
From its founding in the 1980s, Dish Network has primarily focused on the satellite television business, capitalizing on technological advancements to expand its reach. The firm now serves 7 million U.S. customers. Dish launched an internet-based television offering under the Sling brand in 2015 and now serves about 2 million customers on this platform. Dish's future, however, hinges primarily on the wireless business. The firm has amassed a large portfolio of spectrum licenses over the past 15 years, spending about $30 billion in the process, and is now building a nationwide wireless network. It acquired Sprint's prepaid business and now serves about 8 million customers. Dish plans to merge with EchoStar, a firm it spun out in 2008 that provides satellite-based communications services.
Executives
Paul W Orban officer: SVP & Chief Accounting Officer 9601 SOUTH MERIDIAN BOULEVARD, ENGLEWOOD CO 80112
Ergen Two-year June 2023 Dish Grat 10 percent owner C/O CANTEY M. ERGEN, 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Thomas A Cullen officer: EVP, Corporate Development DISH NETWORK CORPORATION, 9601 SOUTH MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year May 2023 Dish Grat 10 percent owner C/O CANTEY M. ERGEN, TRUSTEE, 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
James Defranco director, officer: Executive Vice President 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Douglas Balsbough officer: EVP and Chief People Officer 10 FARM SPRINGS ROAD, FARMINGTON CT 06032
Stephen J Bye director 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year December 2022 Dish Grat 10 percent owner C/O CANTEY ERGEN, 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year June 2022 Dish Grat 10 percent owner C/O CANTEY M. ERGEN, 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
George R Brokaw director DISH NETWORK CORPORATION, 9601 S MERIDIAN BLVD, ENGLEWOOD CO 80112
Ergen Two-year May 2022 Dish Grat 10 percent owner C/O CANTEY M. ERGEN, 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Narayan Raghu Iyengar officer: EVP & CHIEF OPERATING OFFICER 415 SOUTH 18TH STREET, ST. LOUIS MO 63103
Ergen Two-year December 2021 Dish Grat 10 percent owner C/O DISH NETWORK L.L.C., 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
David A. Scott officer: EVP & Chief HR Officer 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year June 2021 Dish Grat 10 percent owner 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112