GURUFOCUS.COM » STOCK LIST » Technology » Software » SPYR Technologies (OTCPK:SPYR) » Definitions » ROC (Joel Greenblatt) %

SPYR Technologies (SPYR Technologies) ROC (Joel Greenblatt) % : -2,680.00% (As of Sep. 2022)


View and export this data going back to . Start your Free Trial

What is SPYR Technologies 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. SPYR Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -2,680.00%.

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

SPYR's ROC (Joel Greenblatt) % is not ranked *
in the Software industry.
Industry Median: 14.44
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


SPYR Technologies ROC (Joel Greenblatt) % Historical Data

The historical data trend for SPYR Technologies'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.

SPYR Technologies ROC (Joel Greenblatt) % Chart

SPYR Technologies Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9,925.08 -3,919.53 -858.31 -2,727.27 -12,498.67

SPYR Technologies Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 -24,348.72 -44,363.64 -29,379.31 -24,333.33 -2,680.00

Competitive Comparison of SPYR Technologies's ROC (Joel Greenblatt) %

For the Software - Infrastructure subindustry, SPYR Technologies'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.


SPYR Technologies's ROC (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, SPYR Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:

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



SPYR Technologies 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. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.115 + 0.006) - (2.012 + 0 + 0.815)
=-2.706

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.115 + 0.004) - (2.057 + 0 + 0.815)
=-2.753

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of SPYR Technologies for the quarter that ended in Sep. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Sep. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.268/( ( (0.011 + max(-2.706, 0)) + (0.009 + max(-2.753, 0)) )/ 2 )
=-0.268/( ( 0.011 + 0.009 )/ 2 )
=-0.268/0.01
=-2,680.00 %

Note: The EBIT data used here is four times the quarterly (Sep. 2022) 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.


SPYR Technologies  (OTCPK:SPYR) 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.


SPYR Technologies ROC (Joel Greenblatt) % Related Terms

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


SPYR Technologies (SPYR Technologies) Business Description

Traded in Other Exchanges
N/A
Address
6700 Woodlands Parkway, Suite 230, No. 331, The Woodlands, TX, USA, 77382
SPYR Technologies is a diversified technology company. The company develops products leveraging the Internet of Things (IoT) for consumer use and large-scale applications and industries. The Company operates two segments in the Internet of Things (IoT) market. The company through its wholly-owned subsidiary GeoTraq division, develop and manufacture entirely self-contained and ultra-small Mobile IoT (Internet of Things) modules for asset tracking, location-based services, and sensor modules for remote monitoring.
Executives
Timothy Matula director, officer: CEO 175 JACKSON AVE N, SUITE 102, MINNEAPOLIS MN 55343
Tad M Mailander director 4811 49TH STREET, SAN DIEGO CA 92115
Barry D Loveless officer: CFO 4643 S ULSTER ST. SUITE 1510, DENVER CO 80237
Jennifer Devon Duettra officer: Executive Vice President 8547 E. ARAPAHOE RD., #J527, GREENWOOD VILLAGE CO 80112
James Richard Thompson officer: President & CEO 8547 E. ARAPAHOE RD., #J527, GREENWOOD VILLAGE CO 80112

SPYR Technologies (SPYR Technologies) Headlines