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RealD (RLD) ROC (Joel Greenblatt) % : 5.21% (As of Dec. 2015)


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What is RealD 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. RealD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was 5.21%.

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

RLD's ROC (Joel Greenblatt) % is not ranked *
in the Media - Diversified industry.
Industry Median: 10.62
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


RealD ROC (Joel Greenblatt) % Historical Data

The historical data trend for RealD'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.

RealD ROC (Joel Greenblatt) % Chart

RealD Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial -1.86 25.21 -1.35 -1.44 -7.94

RealD Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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 -21.38 -51.63 35.52 -21.25 5.21

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

For the Broadcasting subindustry, RealD'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.


RealD's ROC (Joel Greenblatt) % Distribution in the Media - Diversified Industry

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

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



RealD 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: Sep. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40.783 + 9.135 + 8.069) - (38.334 + 9.185 + 0)
=10.468

Working Capital(Q: Dec. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(48.902 + 8.199 + 4.781) - (43.99 + 8.446 + 0)
=9.446

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Dec. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2015  Q: Dec. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5.176/( ( (92.733 + max(10.468, 0)) + (85.992 + max(9.446, 0)) )/ 2 )
=5.176/( ( 103.201 + 95.438 )/ 2 )
=5.176/99.3195
=5.21 %

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


RealD  (NYSE:RLD) 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.


RealD ROC (Joel Greenblatt) % Related Terms

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RealD (RLD) Business Description

Traded in Other Exchanges
N/A
Address
RealD Inc is a Deleware corporation founded in 2003. The Company is a licensor of 3D and other visual technologies. The Company licenses its RealD Cinema Systems to motion picture exhibitors that show 3D motion pictures and alternative 3D content. It also provides certain of its technologies and active and passive eyewear to consumer electronics manufacturers and content distributors. The Company's trademarks include RealD and the RealD. Its visual technologies can be used in many different applications and businesses, including entertainment, consumer electronics, education, aerospace, defense and healthcare. Its 3D technologies are used in the motion picture industry. The Company purchases optical and mechanical components for its RealD Cinema Systems from multiple suppliers and manufacture its RealD Cinema Systems at its facility in Boulder, Colorado. The Company hires independent contractors to perform installation, repair and maintenance services related to its RealD Cinema Systems. The competitors for its RealD Cinema Systems include Dolby Laboratories, Inc., or Dolby, X6D Limited, or Xpand, MasterImage 3D, LLC, or MasterImage, Sony Electronics, or Sony, and IMAX Corporation, or IMAX.
Executives
Frank Biondi director 110 N. ROCKINGHAM AVE, LOS ANGELES CA 90049
Sherry Lansing director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
David C Habiger director C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Vivian Yang officer: EVP & General Counsel C/O VIANT TECHNOLOGY INC., 2722 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Laura Alber director
Stephen D Royer director
Stanley P Gold director ONE EMMIS PLAZA, 40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204

RealD (RLD) Headlines

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