GURUFOCUS.COM » STOCK LIST » Technology » Software » DDD Group PLC (FRA:DDD) » Definitions » ROC (Joel Greenblatt) %

DDD Group (FRA:DDD) ROC (Joel Greenblatt) % : -19,224.24% (As of Dec. 2015)


View and export this data going back to 2013. Start your Free Trial

What is DDD Group 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. DDD Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2015 was -19,224.24%.

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

FRA:DDD' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13931.82   Med: -1614.18   Max: 235.19
Current: -13326.09

During the past 13 years, DDD Group's highest ROC (Joel Greenblatt) % was 235.19%. The lowest was -13931.82%. And the median was -1614.18%.

FRA:DDD's ROC (Joel Greenblatt) % is not ranked
in the Software industry.
Industry Median: 12.96 vs FRA:DDD: -13326.09

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


DDD Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for DDD Group'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.

DDD Group ROC (Joel Greenblatt) % Chart

DDD Group Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -84.75 858.52 -1,640.00 -3,235.56 -15,210.81

DDD Group Semi-Annual Data
Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15
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 -1,626.14 -3,368.22 -2,684.06 -9,925.00 -19,224.24

Competitive Comparison of DDD Group's ROC (Joel Greenblatt) %

For the Software - Application subindustry, DDD Group'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.


DDD Group's ROC (Joel Greenblatt) % Distribution in the Software Industry

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

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



DDD Group 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: Jun. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (1.111 + 0 + 0)
=-1.111

Working Capital(Q: Dec. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.188 + 0 + 0.074) - (1.118 + 0 + 0)
=-0.856

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of DDD Group for the quarter that ended in Dec. 2015 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2015  Q: Dec. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.172/( ( (0.022 + max(-1.111, 0)) + (0.011 + max(-0.856, 0)) )/ 2 )
=-3.172/( ( 0.022 + 0.011 )/ 2 )
=-3.172/0.0165
=-19,224.24 %

Note: The EBIT data used here is two times the semi-annual (Dec. 2015) 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.


DDD Group  (FRA:DDD) 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.


DDD Group ROC (Joel Greenblatt) % Related Terms

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


DDD Group (FRA:DDD) Business Description

Industry
Traded in Other Exchanges
N/A
Address
DDD Group PLC is a developer and licensor of intellectual property in the advanced imaging market for consumer entertainment products. The company offers intelligent video software solutions for the video chat, conferencing, game casting, webcasting and social photography markets. It also delivers Stereoscopic 3D displays which convert photos, videos and games from 2D to 3D available for televisions, laptops, PC monitors, tablets and mobile phones. The company's intelligent video solutions include real-time identification of the user from their webcam image that allows the user's immediate background to be removed and replaced with alternate images.