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PagSeguro Digital (PagSeguro Digital) ROC (Joel Greenblatt) % : 53.11% (As of Dec. 2023)


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What is PagSeguro Digital 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. PagSeguro Digital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 53.11%.

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

PAGS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 29.84   Med: 65.33   Max: 10255.79
Current: 51.49

During the past 10 years, PagSeguro Digital's highest ROC (Joel Greenblatt) % was 10255.79%. The lowest was 29.84%. And the median was 65.33%.

PAGS's ROC (Joel Greenblatt) % is ranked better than
64.97% of 2758 companies
in the Software industry
Industry Median: 13.415 vs PAGS: 51.49

PagSeguro Digital's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.10% per year.


PagSeguro Digital ROC (Joel Greenblatt) % Historical Data

The historical data trend for PagSeguro Digital'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.

PagSeguro Digital ROC (Joel Greenblatt) % Chart

PagSeguro Digital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.35 29.84 31.01 60.54 57.40

PagSeguro Digital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 55.95 50.20 49.85 48.25 53.11

Competitive Comparison of PagSeguro Digital's ROC (Joel Greenblatt) %

For the Software - Infrastructure subindustry, PagSeguro Digital'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.


PagSeguro Digital's ROC (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, PagSeguro Digital's ROC (Joel Greenblatt) % distribution charts can be found below:

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



PagSeguro Digital 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7597.403 + 5.304 + 0) - (3961.511 + 25.472 + 1778.227)
=1837.497

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8522.226 + 6.845 + -0.00099999999838474) - (4609.136 + 26.218 + 2353.195)
=1540.521

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PagSeguro Digital 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 )
=1163.12/( ( (501.775 + max(1837.497, 0)) + (500.227 + max(1540.521, 0)) )/ 2 )
=1163.12/( ( 2339.272 + 2040.748 )/ 2 )
=1163.12/2190.01
=53.11 %

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.


PagSeguro Digital  (NYSE:PAGS) 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.


PagSeguro Digital ROC (Joel Greenblatt) % Related Terms

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PagSeguro Digital (PagSeguro Digital) Business Description

Traded in Other Exchanges
Address
Avenue Brigadeiro Faria Lima, 1384, 4th Floor, Parte A, Sao Paulo, SP, BRA, 01451-001
PagSeguro Digital Ltd is a Brazilian-based company that acts as a provider of financial technology solutions focused primarily on Micro-Merchants, Small Companies and Medium-Sized Companies (SMEs), in Brazil. The company provides a range of solutions and tools such as cash-in and cash-out options and provides access to working capital to help to manage its cash flow. It delivers an end-to-end digital ecosystem to address day-to-day financial needs, including receiving and spending funds and managing and growing businesses for clients. The company also offers the Free PagSeguro Digital Account delivering Cash-In Solutions, Online and In-Person Payment Tools, Online Payment Tools; and Web Check Outs offer tokenization, handling of shipping information, and others.

PagSeguro Digital (PagSeguro Digital) Headlines