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Silver Spring Networks (Silver Spring Networks) ROC (Joel Greenblatt) % : -409.08% (As of Sep. 2017)


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What is Silver Spring Networks 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. Silver Spring Networks's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2017 was -409.08%.

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

SSNI's ROC (Joel Greenblatt) % is not ranked *
in the Hardware industry.
Industry Median: 9.57
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Silver Spring Networks ROC (Joel Greenblatt) % Historical Data

The historical data trend for Silver Spring Networks'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.

Silver Spring Networks ROC (Joel Greenblatt) % Chart

Silver Spring Networks Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only -637.89 -521.72 -694.70 616.40 -89.33

Silver Spring Networks Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 -196.56 -174.93 -328.07 273.78 -409.08

Competitive Comparison of Silver Spring Networks's ROC (Joel Greenblatt) %

For the Computer Hardware subindustry, Silver Spring Networks'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.


Silver Spring Networks's ROC (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Silver Spring Networks's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Silver Spring Networks 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. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(51.719 + 5.288 + 44.207) - (51.497 + 118.027 + 0)
=-68.31

Working Capital(Q: Sep. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49.988 + 6.064 + 85.443) - (59.618 + 223 + 0)
=-141.123

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Silver Spring Networks for the quarter that ended in Sep. 2017 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2017  Q: Sep. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-107.124/( ( (25.978 + max(-68.31, 0)) + (26.395 + max(-141.123, 0)) )/ 2 )
=-107.124/( ( 25.978 + 26.395 )/ 2 )
=-107.124/26.1865
=-409.08 %

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


Silver Spring Networks  (NYSE:SSNI) 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.


Silver Spring Networks ROC (Joel Greenblatt) % Related Terms

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Silver Spring Networks (Silver Spring Networks) Business Description

Traded in Other Exchanges
N/A
Address
Silver Spring Networks Inc provides networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. The Company operates in United States, Australia and rest of world.
Executives
Camp Peter Van director C/O PACKETEER INC, 10201 N DEANZA BLVD, CUPERTINO CA 95014
Catriona M. Fallon officer: Chief Financial Officer C/O MARIN SOFTWARE INCORPORATED, 123 MISSION STREET, 25TH FLOOR, SAN FRANCISCO CA 94105
Foundation Capital, Llc other: Former 10% owner 550 HIGH STREET, 3RD FLOOR, PALO ALTO CA 94301
Charles Moldow other: Former 10% owner C/O FOUNDATION CAPITAL, 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Foundation Capital Management Co. Vi, Llc other: Former 10% owner 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Foundation Capital Vi Principals Fund, Llc other: Former 10% owner 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Foundation Capital Vi Lp other: Former 10% owner C/O FOUNDATION CAPITAL, 70 WILLOW ROAD, SUITE 200, MENLO PARK CA 94025
Warren M Weiss director, other: Former 10% owner FOUNDATION CAPITAL, 70 WILLOW ROAD, SUITE 200, MENLO PARK CA 94025
Paul R Holland other: Former 10% owner FOUNDATION CAPITAL, 70 WILLOW ROAD STE 200, MENLO PARK CA 94025
Paul G Koontz other: Former 10% owner FOUNDATION CAPITAL, 70 WILLOW ROAD STE 200, MENLO PARK CA 94025
William B Elmore other: Former 10% owner C/O FOUNDATION CAPITAL, 70 WILLOW ROAD STE 103, MENLO PARK CA 94025
Steven Vassallo other: Former 10% owner C/O FOUNDATION CAPITAL, 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Reeves Donald L. Iii officer: Chief Technology Officer 555 BROADWAY STREET, REDWOOD CITY CA 94063
Michael Bell director, officer: President & CEO C/O SILVER SPRING NETWORKS, INC., 555 BROADWAY STREET, REDWOOD CITY CA 94063
Thomas H Werner director 3939 NORTH FIRST STREET, SAN JOSE CA 95134

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