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Altimar Acquisition III (Altimar Acquisition III) ROC (Joel Greenblatt) % : 0.00% (As of Jun. 2023)


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What is Altimar Acquisition III 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. Altimar Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 0.00%.

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

ATAQU' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -816.92   Med: -222.13   Max: -193.65
Current: -816.92

During the past 2 years, Altimar Acquisition III's highest ROC (Joel Greenblatt) % was -193.65%. The lowest was -816.92%. And the median was -222.13%.

ATAQU's ROC (Joel Greenblatt) % is not ranked
in the Diversified Financial Services industry.
Industry Median: -26.29 vs ATAQU: -816.92

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


Altimar Acquisition III ROC (Joel Greenblatt) % Historical Data

The historical data trend for Altimar Acquisition III'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.

Altimar Acquisition III ROC (Joel Greenblatt) % Chart

Altimar Acquisition III Annual Data
Trend Dec21 Dec22
ROC (Joel Greenblatt) %
-193.65 -250.61

Altimar Acquisition III Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only -568.72 -738.46 -3,806.06 - -

Competitive Comparison of Altimar Acquisition III's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, Altimar Acquisition III'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.


Altimar Acquisition III's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Altimar Acquisition III's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Altimar Acquisition III 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.065) - (0.332 + 0 + 0)
=-0.267

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.043) - (0.343 + 0 + 0)
=-0.3

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Altimar Acquisition III for the quarter that ended in Jun. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.436/( ( (0 + max(-0.267, 0)) + (0 + max(-0.3, 0)) )/ 1 )
=-1.436/( ( 0 + 0 )/ 1 )
=-1.436/0
= %

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


Altimar Acquisition III  (NYSE:ATAQU) 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.


Altimar Acquisition III ROC (Joel Greenblatt) % Related Terms

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Altimar Acquisition III (Altimar Acquisition III) Business Description

Traded in Other Exchanges
N/A
Address
40 West 57th Street, 33rd Floor, New York, NY, USA, 10019
Altimar Acquisition Corp III is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses.
Executives
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Payne Brown director 111 SPRINGHALL DRIVE, GOOSE CREEK SC 29445
Thomas Wasserman director, officer: Chief Executive Officer C/O CONSTELLATION VENTURES, 383 MADISON AVENUE, NEW YORK NY 10179
Richard M Jelinek director 40 W 47TH STREET, FLOOR 33, NEW YORK NY 10035
Vijay Sondhi director 40 W 47TH STREET, FLOOR 33, NEW YORK NY 10035
Michael Rubenstein director 40 W 47TH STREET, FLOOR 33, NEW YORK NY 10035
Roma Khanna director 40 W 47TH STREET, FLOOR 33, NEW YORK NY 10035
Michael Vorhaus director 40 W 47TH STREET, FLOOR 33, NEW YORK NY 10035
Wendy Lai officer: Chief Financial Officer 40 W 47TH STREET, FLOOR 33, NEW YORK NY 10035
Altimar Sponsor Iii, Llc 10 percent owner 40 W. 57TH STREET, 33RD FLOOR, NEW YORK NY 10019