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DigitalGlobe (DigitalGlobe) ROC (Joel Greenblatt) % : 2.97% (As of Jun. 2017)


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What is DigitalGlobe 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. DigitalGlobe's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was 2.97%.

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

DGI's ROC (Joel Greenblatt) % is not ranked *
in the Aerospace & Defense industry.
Industry Median: 10.53
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


DigitalGlobe ROC (Joel Greenblatt) % Historical Data

The historical data trend for DigitalGlobe'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.

DigitalGlobe ROC (Joel Greenblatt) % Chart

DigitalGlobe Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.82 -6.15 1.16 2.59 2.90

DigitalGlobe Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 4.75 5.50 -2.32 0.79 2.97

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

For the Aerospace & Defense subindustry, DigitalGlobe'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.


DigitalGlobe's ROC (Joel Greenblatt) % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, DigitalGlobe's ROC (Joel Greenblatt) % distribution charts can be found below:

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



DigitalGlobe 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. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(121.5 + 0 + 38.1) - (68.5 + 84.8 + 0)
=6.3

Working Capital(Q: Jun. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(147.5 + 0 + 35.8) - (62 + 85.9 + 0)
=35.4

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of DigitalGlobe for the quarter that ended in Jun. 2017 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2017  Q: Jun. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=57.6/( ( (1950.9 + max(6.3, 0)) + (1885.6 + max(35.4, 0)) )/ 2 )
=57.6/( ( 1957.2 + 1921 )/ 2 )
=57.6/1939.1
=2.97 %

Note: The EBIT data used here is four times the quarterly (Jun. 2017) 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.


DigitalGlobe  (NYSE:DGI) 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.


DigitalGlobe ROC (Joel Greenblatt) % Related Terms

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DigitalGlobe (DigitalGlobe) Business Description

Traded in Other Exchanges
N/A
Address
DigitalGlobe is one of the leading global providers of high-resolution Earth-imagery products and services. It owns satellites and utilizes other third-party image providers to produce the images. The content may be used in a multitude of industries, including defense, mapping, environmental, and oil and gas exploration, as well as for civil agencies. The company collects, processes, and distributes to customers around the world, and the imagery may be processed to customers' specifications. Products and services are sold through direct and indirect channels, consisting of a global network of resellers, strategic partners, direct enterprise sales, and online services. The U.S. government accounts for roughly two thirds of total revenue.
Executives
Warren Jenson director 30 FREDRICK AVE, ATHERTON CA 94027
Walter S. Scott officer: EVP and CTO 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
Daniel L Jablonsky officer: SVP, GC and Secretary 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
Howell M Estes director 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
Jeffrey R Tarr director, officer: President and CEO DIGITALGLOBE, INC., 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
Lawrence A Hough director 84 INVERNESS CIRCLE EAST ENGLEWOOD CO 80112
Eddy Zervigon director 1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Mason L Roger Jr. director 1300 W 120TH AVENUE, WESTMINSTER CO 80234
Gary W Ferrera officer: EVP, Chief Financial Officer 3250 BRIARPARK, SUITE 400, HOUSTON TX 77042
Roxanne J Decyk director 2801 80TH STREET, KENOSHA WI 53143
Grover Wray officer: SVP, Chief HR Officer DIGITALGLOBE, INC., 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
Nick Cyprus director 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
Jose Torres officer: Chief Accounting Officer 1300 W. 120TH AVENUE, WESTMINSTER CO 80234
James M Whitehurst director IBM CORPORATION, ONE NEW ORCHARD RD, ARMONK NY 10504-1722
Nathan M. Troup other: VP, CAO & Controller 1601 DRY CREEK DRIVE STE. 260 LONGMONT CO 80503

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