TRNR has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
TRNR has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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. Interactive Strength's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5,577.09%.
The historical rank and industry rank for Interactive Strength's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 4 years, Interactive Strength's highest ROC (Joel Greenblatt) % was -1164.27%. The lowest was -5238.58%. And the median was -1841.28%.
Interactive Strength's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for Interactive Strength'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.
Interactive Strength Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
ROC (Joel Greenblatt) % | -1,847.48 | -1,164.27 | -1,835.08 | -4,603.33 |
Interactive Strength Quarterly Data | |||||||||||
Dec20 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | -3,027.83 | -6,765.87 | -4,442.17 | -4,105.71 | -5,577.09 |
For the Personal Services subindustry, Interactive Strength'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 Personal Services industry and Consumer Cyclical sector, Interactive Strength's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Interactive Strength'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: Sep. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.007 | + | 1.443 | + | 3.798) | - | (10.827 | + | 0.118 | + | 0) |
= | -5.697 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.001 | + | 2.607 | + | 2.212) | - | (11.404 | + | 0.123 | + | 0.147) |
= | -6.854 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Interactive Strength for the quarter that ended in Dec. 2023 can be restated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2023 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2023 | Q: Dec. 2023 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -44.784 | / | ( ( (0.879 + max(-5.697, 0)) | + | (0.727 + max(-6.854, 0)) ) | / | 2 ) |
= | -44.784 | / | ( ( 0.879 | + | 0.727 ) | / | 2 ) |
= | -44.784 | / | 0.803 | ||||
= | -5,577.09 % |
Note: The EBIT data used here is four times the quarterly (Dec. 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.
Interactive Strength (NAS:TRNR) 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 Interactive Strength's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bradley James Wickens | 10 percent owner | PUDLICOTE HOUSE, PUDLICOTE LANE, CHIPPING NORTON, OXFORDSHIRE X0 OX7 3HX |
Touw Kirsten Bartok | director | 125 SOUTH WACKER DRIVE, SUITE 300, CHICAGO IL 60606 |
Investments 1 Block.one | 10 percent owner | C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Lock.one | 10 percent owner | C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, S. CHURCH ST., GEORGE TOWN, GRAND CAYMAN E9 KY1-1104 |
Brendan Francis Blumer | 10 percent owner | C/O BLOCK.ONE, SUITE 4290, 48 MARKET STREET, CAMANA BAY, GRAND CAYMAN E9 KY1-9006 |
Trent Alexander Ward | director, officer: Chief Executive Officer | 942 N. LAUREL AVENUE, LOS ANGELES CA 90046 |
Michael Madigan | officer: Principal Financial Officer | 370 HOURGLASS LANE, BALDWINSVILLE NY 13027 |
Deepak Manu Mulchandani | director | 27660 SKYLARK LANE, SANTA CLARA CA 91350 |
Stuart Bryan | officer: Principal Accounting Officer | 22900 ALLEN COURT, SAINT CLAIR SHORES MI 48080 |
Weaver Aaron Ngoc Dung | director | 99 OAKLEY STREET, LONDON X0 SW3 5NR |
Kokuei Yuan | 10 percent owner | SUITE 4290, 48 MARKET STREET, CAMANA BAY, GRAND CAYMAN E9 KY1-9006 |
Andrew Bliss | 10 percent owner | SUITE 4290, 48 MARKET STREET, CAMANA BAY, GRAND CAYMAN E9 KY1-9006 |
From GuruFocus
By sperokesalga sperokesalga • 05-22-2023
By ACCESSWIRE ACCESSWIRE • 05-02-2023
By Marketwired • 08-15-2023
By sperokesalga sperokesalga • 05-02-2023
By sperokesalga sperokesalga • 05-22-2023
By ACCESSWIRE • 08-17-2023
By sperokesalga sperokesalga • 05-23-2023
By Marketwired • 10-13-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.