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Twitter (Twitter) ROC (Joel Greenblatt) % : -32.99% (As of Jun. 2022)


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What is Twitter 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. Twitter's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -32.99%.

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

TWTR's ROC (Joel Greenblatt) % is not ranked *
in the Interactive Media industry.
Industry Median: -0.05
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Twitter ROC (Joel Greenblatt) % Historical Data

The historical data trend for Twitter'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.

Twitter ROC (Joel Greenblatt) % Chart

Twitter 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 0.83 45.77 32.18 4.27 -11.23

Twitter Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 13.06 -91.69 22.83 91.39 -32.99

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

For the Internet Content & Information subindustry, Twitter'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.


Twitter's ROC (Joel Greenblatt) % Distribution in the Interactive Media Industry

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

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



Twitter 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. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(948.142 + 0 + 265.973) - (602.847 + 64.404 + 261.051)
=285.813

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(972.591 + 0 + 180.247) - (511.795 + 130.524 + 186.962)
=323.557

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1250.248/( ( (3423.016 + max(285.813, 0)) + (3547.755 + max(323.557, 0)) )/ 2 )
=-1250.248/( ( 3708.829 + 3871.312 )/ 2 )
=-1250.248/3790.0705
=-32.99 %

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


Twitter  (NYSE:TWTR) 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.


Twitter ROC (Joel Greenblatt) % Related Terms

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


Twitter (Twitter) Business Description

Traded in Other Exchanges
N/A
Address
1355 Market Street, Suite 900, San Francisco, CA, USA, 94103
Twitter is an open distribution platform for and a conversational platform around short-form text (a maximum of 280 characters), image, and video content. Its users can create different social networks based on their interests, thereby creating an interest graph. Many prominent celebrities and public figures have Twitter accounts. Twitter generates revenue from advertising (90%) and licensing the user data that it compiles (10%).
Executives
Parag Agrawal director, officer: Former Chief Executive Officer C/O TWITTER, INC., 1355 MARKET STREET, SUITE 900, SAN FRANCISCO CA 94103
Vijaya Gadde officer: Former Chief Legal Officer C/O TWITTER INC, 1355 MARKET STREET SUITE 900, SAN FRANCISCO CA 94103
Ned D. Segal officer: Former Chief Financial Officer 1 MARKET PLAZA, STEUART TOWER, SUITE 800, SAN FRANCISCO CA 94105
Jack Dorsey other: Possible member of 10% group C/O TWITTER INC, 1355 MARKET STREET SUITE 900, SAN FRANCISCO CA 94103
Nick V. Caldwell officer: General Manager of Core Tech C/O HUBSPOT, INC., 25 FIRST STREET, CAMBRIDGE MA 02141
Kayvon Beykpour officer: General Manager of Consumer C/O TWITTER, INC., 1355 MARKET STREET, SUITE 900, SAN FRANCISCO CA 94103
Saud H R H Prince Alwaleed Bin Talal Bin Abdulaziz Al other: Possible member of 10% group C/O KINGDOM HOLDING COMPANY, KINGDOM CTR FLOOR 66 P O BOX 2, RIYADH T0 11321
Robert Kaiden officer: Chief Accounting Officer C/O INSPIRATO INCORPORATED, 1544 WAZEE STREET, DENVER CO 80202
Bruce Falck officer: General Manager of Revenue C/O TWITTER, INC., 1355 MARKET STREET, SUITE 900, SAN FRANCISCO CA 94103
Michael Montano officer: Engineering Lead C/O TWITTER, INC., 1355 MARKET STREET, SUITE 900, SAN FRANCISCO CA 94103
Slp V Aggregator Gp, L.l.c. director C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Slp V Titus Holdings Ii, L.p. director C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Slp V Titus Gp Ii, L.l.c. director C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Slta V (gp), L.l.c. director C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Silver Lake Technology Investors V, L.p. director C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025

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