LookSmart (FRA:LOKB) ROC (Joel Greenblatt) % : -136.66% (As of Jun. 2015)

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What is LookSmart 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. LookSmart's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was -136.66%.

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

FRA:LOKB' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -949.98 Med: -221.09 Max: 83.09
Current: -134.38

During the past 13 years, LookSmart's highest ROC (Joel Greenblatt) % was 83.09%. The lowest was -949.98%. And the median was -221.09%.

FRA:LOKB's ROC (Joel Greenblatt) % is not ranked
in the Interactive Media industry.
Industry Median: 0.605 vs FRA:LOKB: -134.38

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

LookSmart ROC (Joel Greenblatt) % Historical Data

The historical data trend for LookSmart'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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LookSmart ROC (Joel Greenblatt) % Chart

LookSmart Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROC (Joel Greenblatt) %

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23.85

-96.82

-952.13

-252.71

-186.94

LookSmart Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															-180.79	-131.28	-152.39	-132.78	-136.66

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

For the Internet Content & Information subindustry, LookSmart'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.

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

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

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

LookSmart 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: Mar. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.244	+	0	+	0.496)	-	(1.556	+	0.752	+	0.00099999999999989)
=	-1.569

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.261	+	0	+	0.612)	-	(1.132	+	0.737	+	0)
=	-0.996

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of LookSmart for the quarter that ended in Jun. 2015 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2015		Q: Jun. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.536	/	( ( (2.753 + max(-1.569, 0))	+	(2.422 + max(-0.996, 0)) )	/	2 )
=	-3.536	/	( ( 2.753	+	2.422 )	/	2 )
=	-3.536	/	2.5875
=	-136.66 %

Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

LookSmart (FRA:LOKB) 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.

LookSmart ROC (Joel Greenblatt) % Related Terms

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LookSmart (FRA:LOKB) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.looksmart.com

LookSmart Ltd was organized in 1996 and is incorporated in the State of Delaware. The Company is a search advertising network solutions Company that provides relevant solutions for search advertising customers. It operates in a large online search advertising ecosystem serving ads that target user queries on partner sites. It operates in the middle of this ecosystem, acquiring search queries from a variety of sources and matching them with the keywords of its search advertising customers. The Companys largest category of customers has been intermediaries, the majority of which purchase clicks to sell into the affiliate networks of the large search engine providers. Another category of customers are direct advertisers and their agencies whose objective is to obtain conversions or sales from the clicks. The last category of customers is self-service advertisers that sign-up online and pays by credit card. It offers search advertising customers targeted, pay-per-click (PPC) search via a monitored search advertising distribution network using the Companys AdCenter platform technology. The Companys search advertising network includes publishers and search advertising customers, including intermediaries and direct advertising customers and their agencies as well as self-service customers in the United States and certain other countries. The Companys application programming interface (API) allows search advertising customers and their advertising agencies to connect any type of marketing or reporting software with minimal effort for easier access, management, and optimization of search advertising campaigns. It also offers publishers licensed private-label search advertiser network solutions based on its AdCenter platform technology (Publisher Solutions). Publisher Solutions consist of hosted auction-based ad serving with an ad backfill capability that allows publishers and portals to manage their advertiser relationships, distribution channels and accounts. The Companys trademarks include LookSmart. It is subject to a number of domestic state and federal laws that affect companies conducting business on the Internet.