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BlueRush (TSXV:BTV) ROC (Joel Greenblatt) % : -3,258.72% (As of Jan. 2024)


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What is BlueRush 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. BlueRush's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -3,258.72%.

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

TSXV:BTV' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8813.33   Med: -1909.7   Max: 408.31
Current: -4779.51

During the past 13 years, BlueRush's highest ROC (Joel Greenblatt) % was 408.31%. The lowest was -8813.33%. And the median was -1909.70%.

TSXV:BTV's ROC (Joel Greenblatt) % is ranked worse than
95.87% of 2762 companies
in the Software industry
Industry Median: 14.44 vs TSXV:BTV: -4779.51

BlueRush's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 21.30% per year.


BlueRush ROC (Joel Greenblatt) % Historical Data

The historical data trend for BlueRush'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.

BlueRush ROC (Joel Greenblatt) % Chart

BlueRush Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7,070.48 -1,620.71 -1,272.51 -2,198.69 -3,497.47

BlueRush Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -3,194.44 -3,947.11 -7,008.85 -5,022.61 -3,258.72

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

For the Software - Application subindustry, BlueRush'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.


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

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

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



BlueRush 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: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.823 + 0 + 0.121) - (0.904 + 1.422 + 0.0010000000000003)
=-1.383

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.702 + 0 + 0.115) - (0.841 + 1.638 + 0)
=-1.662

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of BlueRush for the quarter that ended in Jan. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.776/( ( (0.057 + max(-1.383, 0)) + (0.052 + max(-1.662, 0)) )/ 2 )
=-1.776/( ( 0.057 + 0.052 )/ 2 )
=-1.776/0.0545
=-3,258.72 %

Note: The EBIT data used here is four times the quarterly (Jan. 2024) 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.


BlueRush  (TSXV:BTV) 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.


BlueRush ROC (Joel Greenblatt) % Related Terms

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BlueRush (TSXV:BTV) Business Description

Industry
Traded in Other Exchanges
Address
4711 Yonge Street, 10th Floor, Toronto, ON, CAN, M2N 6K8
BlueRush Inc offers Software as a Service-based content engagement platform. It operates in a single segment that is the provision of interactive personalized video and marketing software to financial institutions, insurance services, and pension funds. It develops and markets IndiVideo, which is an interactive video platform that drives return on investment through customer interactions and has applications in CCM providers, Financial Services, Insurance, and other sectors. It has also developed tools that focus on the financial services industry in areas such as mortgage, retirement planning, wealth management, taxation, and others. Its geographical segments include Canada; the United States, which is the key revenue driver; and others.
Executives
Stephen Baxter Taylor 10% Security Holder, Director

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