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Travelzoo (Travelzoo) ROC (Joel Greenblatt) % : 264.48% (As of Dec. 2023)


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What is Travelzoo 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. Travelzoo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 264.48%.

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

TZOO' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -106.78   Med: 118.35   Max: 230.42
Current: 215.48

During the past 13 years, Travelzoo's highest ROC (Joel Greenblatt) % was 230.42%. The lowest was -106.78%. And the median was 118.35%.

TZOO's ROC (Joel Greenblatt) % is ranked better than
91.67% of 1045 companies
in the Media - Diversified industry
Industry Median: 10.38 vs TZOO: 215.48

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


Travelzoo ROC (Joel Greenblatt) % Historical Data

The historical data trend for Travelzoo'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.

Travelzoo ROC (Joel Greenblatt) % Chart

Travelzoo 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 230.42 -106.78 -14.39 91.84 212.01

Travelzoo 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 199.10 240.96 180.73 178.95 264.48

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

For the Advertising Agencies subindustry, Travelzoo'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.


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

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

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



Travelzoo 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)
=(10.684 + 0 + 2.424) - (31.225 + 2.811 + 0.453)
=-21.381

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.965 + 0 + 2.09) - (27.943 + 2.044 + 1.673)
=-16.605

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Travelzoo 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 )
=17.916/( ( (6.955 + max(-21.381, 0)) + (6.593 + max(-16.605, 0)) )/ 2 )
=17.916/( ( 6.955 + 6.593 )/ 2 )
=17.916/6.774
=264.48 %

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.


Travelzoo  (NAS:TZOO) 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.


Travelzoo ROC (Joel Greenblatt) % Related Terms

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


Travelzoo (Travelzoo) Business Description

Traded in Other Exchanges
Address
590 Madison Avenue, 35th Floor, New York, NY, USA, 10022
Travelzoo acts as a publisher of travel and entertainment offers. It operates in three segments. Travelzoo North America segment consists of operations in Canada and the U.S.; Travelzoo Europe segment consists of operations in France, Germany, Spain, and the U.K.; and Jack's Flight Club segment consists of subscription revenue from premium members to access and receive flight deals from Jack's Flight Club via email or via Android or Apple mobile applications. It derives its revenue through advertising fees including listing fees paid by travel, entertainment, and local businesses to advertise their offers on the company's media properties. Most of the company's revenue is derived from North America.
Executives
Azzurro Capital Inc 10 percent owner C/O MOORE STEPHENS, PO BOX 743, SUITE 5, WATERGARDENS 4 J1 GX11 1AA
Ralph Bartel director, 10 percent owner CASELLA POSTALE 823, 6612 ASCONA V8 6612
Lijun Qi officer: Principal Accounting Officer 800 W EL CAMINO REAL, MOUNTAIN VIEW CA 94040
Holger Bartel officer: Executive Vice President
Ralph Bartel 2005 Trust 10 percent owner C/O FEDELTA TRUST LIMITED, 29/31 ATHOL STREET, OMAR HOUSE BLDG, ISLE OF MAN X0 1M11LB
Lisa Su officer: Controller 924 AURA CT, LOS ALTOS CA 94024
Christina Sindoni Ciocca director 590 MADISON AVENUE, 37TH FLOOR, NEW YORK NY 10022
Christian Alexander Smart other: Travelzoo GM, Germany PARISER PLATZ 4A, BERLIN 2M 10117
Rachel Barnett director, officer: General Counsel 69 VALLEY ROAD, KATONAH NY 10536
Carrie Liqun Liu director 2#1707 NO.6 ZUOJIAZHUANGZHONGJIE, BEIJING F4 100028
Michael Stitt officer: President, North America 590 MADISON AVENUE, 37TH FLOOR, NEW YORK NY 10022
Hong (hong Wei) Vivian officer: President, Asia Pacific ROOM 102, BLDG 5, NO.169, MENGZI ROAD, HUANGPU DISTRICT, SHANGHAI F4 200023
Caroline J Tsay director C/O ROSETTA STONE INC., 1919 NORTH LYNN STREET, 7TH FLOOR, ARLINGTON VA 22209
Beatrice Tarka director 800 WEST EL CAMINO REAL, SUITE 275, MOUNTAIN VIEW CA 94040
Simon Talling-smith officer: President, Products&Emerg.Biz. 558 VALLEY STREET, SAN FRANCISCO CA 94131