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Digital Locations (Digital Locations) ROC (Joel Greenblatt) % : 0.00% (As of Mar. 2024)


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What is Digital Locations 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. Digital Locations's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.00%.

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

During the past 13 years, Digital Locations's highest ROC (Joel Greenblatt) % was 93022.22%. The lowest was -710500.00%. And the median was -99066.67%.

DLOC's ROC (Joel Greenblatt) % is not ranked *
in the Construction industry.
Industry Median: 17.92
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Digital Locations ROC (Joel Greenblatt) % Historical Data

The historical data trend for Digital Locations'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.

Digital Locations ROC (Joel Greenblatt) % Chart

Digital Locations Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 93,022.22 -26,512.50 - - -

Digital Locations 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 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 - - - - -

Competitive Comparison of Digital Locations's ROC (Joel Greenblatt) %

For the Engineering & Construction subindustry, Digital Locations'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.


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

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

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



Digital Locations 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)
=(0 + 0 + 0) - (0.204 + 0 + 2.167)
=-2.371

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.236 + 0 + 8.244)
=-8.48

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Digital Locations 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 )
=-21.224/( ( (0 + max(-2.371, 0)) + (0 + max(-8.48, 0)) )/ 1 )
=-21.224/( ( 0 + 0 )/ 1 )
=-21.224/0
= %

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


Digital Locations  (OTCPK:DLOC) 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.


Digital Locations ROC (Joel Greenblatt) % Related Terms

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Digital Locations (Digital Locations) Business Description

Traded in Other Exchanges
N/A
Address
1117 State Street, Santa Barbara, CA, USA, 93101
Digital Locations Inc is an early-stage aggregator, developer and acquirer of small cell sites and cell towers for 5G services. The company intend to develop a portfolio of sites to help meet the expected demand for rapidly growing 5G networks.
Executives
Richard Berliner officer: Chief Executive Officer C/O DIGITAL LOCATIONS, INC., 3700 STATE STREET, SUITE 350, SANTA BARBARA CA 93105
Rick Ellis director 9450 SW GEMINI DR STE #63291, BEAVERTON OR 97708
Elton Byron director 5511-C EKWILL STREET, SANTA BARBARA CA 93111
Christopher S Kelly director, officer: true 5511-C EKWILL STREET, SANTA BARBARA CA 93111
Beifuss William E Jr director, 10 percent owner, officer: Chairman, President, CEO & CFO 1205 PETERSEN AVENUE, SOLVANG CA 93463