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That Marketing Solution (That Marketing Solution) ROC (Joel Greenblatt) % : -23,733.33% (As of Nov. 2015)


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What is That Marketing Solution 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. That Marketing Solution's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2015 was -23,733.33%.

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

TSTS's ROC (Joel Greenblatt) % is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 11.93
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


That Marketing Solution ROC (Joel Greenblatt) % Historical Data

The historical data trend for That Marketing Solution'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.

That Marketing Solution ROC (Joel Greenblatt) % Chart

That Marketing Solution Annual Data
Trend Aug12 Aug13 Aug14 Aug15
ROC (Joel Greenblatt) %
- - - -

That Marketing Solution Quarterly Data
Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -581.82 -775.00 -2,869.84 -2,350.00 -23,733.33

Competitive Comparison of That Marketing Solution's ROC (Joel Greenblatt) %

For the Household & Personal Products subindustry, That Marketing Solution'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.


That Marketing Solution's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, That Marketing Solution's ROC (Joel Greenblatt) % distribution charts can be found below:

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



That Marketing Solution 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: Aug. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.099 + 0.019) - (0.202 + 0.053 + 0.278)
=-0.415

Working Capital(Q: Nov. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.095 + 0) - (0.196 + 0.057 + 2.102)
=-2.26

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of That Marketing Solution for the quarter that ended in Nov. 2015 can be restated as:

ROC (Joel Greenblatt) %(Q: Nov. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2015  Q: Nov. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-9.968/( ( (0 + max(-0.415, 0)) + (0.042 + max(-2.26, 0)) )/ 1 )
=-9.968/( ( 0 + 0.042 )/ 1 )
=-9.968/0.042
=-23,733.33 %

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


That Marketing Solution  (GREY:TSTS) 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.


That Marketing Solution ROC (Joel Greenblatt) % Related Terms

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That Marketing Solution (That Marketing Solution) Business Description

Traded in Other Exchanges
N/A
Address
4535 South 2300 East, Suite B, Salt Lake City, UT, USA, 84117
That Marketing Solution Inc is engaged in the development, manufacturing, sales, marketing and advertising of nutritional products. Its products include Bulbine Natalensis, Nettle Root, DHEA, Vitamin B5 and Basella Alba. The company is working to monetize a specific Micellization Manufacturing Process which converts oil-based nutrients into water-soluble products for better absorption by the cells.

That Marketing Solution (That Marketing Solution) Headlines

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