GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Forum Merger IV Corp (NAS:FMIVU) » Definitions » ROC (Joel Greenblatt) %

FMIVU (Forum Merger IV) ROC (Joel Greenblatt) % : 0.00% (As of Mar. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Forum Merger IV 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. Forum Merger IV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 0.00%.

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

FMIVU's ROC (Joel Greenblatt) % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -10.2
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Forum Merger IV ROC (Joel Greenblatt) % Historical Data

The historical data trend for Forum Merger IV'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.

Forum Merger IV ROC (Joel Greenblatt) % Chart

Forum Merger IV Annual Data
Trend Dec21 Dec22
ROC (Joel Greenblatt) %
- -

Forum Merger IV Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only - - - - -

Competitive Comparison of Forum Merger IV's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, Forum Merger IV'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.


Forum Merger IV's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

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

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



Forum Merger IV 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: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.088) - (2.424 + 0 + 0)
=-2.336

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (4.045 + 0 + 0)
=-4.045

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Forum Merger IV for the quarter that ended in Mar. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.708/( ( (0 + max(-2.336, 0)) + (0 + max(-4.045, 0)) )/ 1 )
=-4.708/( ( 0 + 0 )/ 1 )
=-4.708/0
= %

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


Forum Merger IV  (NAS:FMIVU) 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.


Forum Merger IV ROC (Joel Greenblatt) % Related Terms

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


Forum Merger IV Business Description

Traded in Other Exchanges
N/A
Address
1615 South Congress Avenue, Suite 103, Delray Beach, FL, USA, 33445
Forum Merger IV Corp is a blank check company.
Executives
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Bofa Securities, Inc. 10 percent owner 100 N TRYON ST, NC1-007-14-30, CHARLOTTE NC 28255
Steven Berns director TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
David Boris director, 10 percent owner, officer: Co-CEO, CFO C/O TRIO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Marshall Kiev director, 10 percent owner, officer: Co-CEO, President 135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Richard Katzman director KAZ INC, 1775 BROADWAY SUITE 2405, NEW YORK NY 10019
Neil Goldberg director 135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Tory Kiam director 1615 SOUTH CONGRESS AVENUE, SUITE 103, DELRAY BEACH FL 33445
Forum Capital Management Iv Llc director, 10 percent owner 1615 SOUTH CONGRESS AVENUE, SUITE 103, DELRAY BEACH FL 33445
Forum Investors Iv Llc director, 10 percent owner, other: *Director by Deputization 1615 SOUTH CONGRESS AVENUE, SUITE 103, DELRAY BEACH FL 33445