Allied Gaming & Entertainment (Allied Gaming & Entertainment) ROC (Joel Greenblatt) % : -69.56% (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Allied Gaming & Entertainment 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. Allied Gaming & Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -69.56%.

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

AGAE' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -154.15 Med: -79.48 Max: -58.44
Current: -66.72

During the past 7 years, Allied Gaming & Entertainment's highest ROC (Joel Greenblatt) % was -58.44%. The lowest was -154.15%. And the median was -79.48%.

AGAE's ROC (Joel Greenblatt) % is ranked worse than
79.33% of 1045 companies
in the Media - Diversified industry
Industry Median: 10.29 vs AGAE: -66.72

Allied Gaming & Entertainment's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.

Allied Gaming & Entertainment ROC (Joel Greenblatt) % Historical Data

The historical data trend for Allied Gaming & Entertainment'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.

Allied Gaming & Entertainment ROC (Joel Greenblatt) % Chart

Allied Gaming & Entertainment Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

Get a 7-Day Free Trial

-79.48

-154.15

-78.36

-144.28

-58.44

Allied Gaming & Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															-143.20	-112.25	-63.21	-28.79	-69.56

Competitive Comparison of Allied Gaming & Entertainment's ROC (Joel Greenblatt) %

For the Entertainment subindustry, Allied Gaming & Entertainment'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.

Allied Gaming & Entertainment's ROC (Joel Greenblatt) % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Allied Gaming & Entertainment's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Allied Gaming & Entertainment's ROC (Joel Greenblatt) % falls into.

Allied Gaming & Entertainment 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: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.011	+	0	+	0.471)	-	(0.625	+	0.358	+	0.151)
=	-0.652

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.529	+	0	+	4.198)	-	(0.48	+	0.104	+	0.655)
=	3.488

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Allied Gaming & Entertainment for the quarter that ended in Dec. 2023 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7.632	/	( ( (9.206 + max(-0.652, 0))	+	(9.25 + max(3.488, 0)) )	/	2 )
=	-7.632	/	( ( 9.206	+	12.738 )	/	2 )
=	-7.632	/	10.972
=	-69.56 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Allied Gaming & Entertainment (NAS:AGAE) 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.

Allied Gaming & Entertainment ROC (Joel Greenblatt) % Related Terms

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

Allied Gaming & Entertainment (Allied Gaming & Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Allied Gaming & Entertainment Inc (NAS:AGAE) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

2AA:Germany 2AA:Germany

Address

745 Fifth Avenue, Suite 500, New York, NY, USA, 10151

Website

https://www.alliedgaming.gg

Allied Gaming & Entertainment Inc is an experiential entertainment company focused on providing a growing world of gamers with various experiences through renowned assets, products, and services.

Executives

Knighted Pastures Llc	10 percent owner	1933 S. BROADWAY, SUITE 746, LOS ANGELES CA 90007
Roy Choi	other: Managing Member of 10% holder	1933 S. BROADWAY, SUITE 746, LOS ANGELES CA 90007
Yuanfei Qu	director	745 FIFTH AVE, SUITE 500, NEW YORK NY 10151
Yushi Guo	director	745 FIFTH AVE, SUITE 500, NEW YORK NY 10151
Guanzhou Qin	director	17877 VON KARMAN AVENUE, SUITE 300, IRVING CA 92614
Adam J Pliska	director, officer: President	5700 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90036
Roy Lawrence Anderson	officer: Chief Financial Officer	17877 VON KARMAN AVENUE, SUITE 300, IRVING CA 92614
Alexander Misch	director	17872 GILLETTE AVENUE, BUILDING C, 2ND FLOOR, IRVINE CA 92614
Jerry Lewin	director	JINHUA INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016
Libing Wu	director	350 LIGHTING WAY, SECAUCUS NJ 07094
Jingsheng Lu	director, 10 percent owner	FLOOR 3, BUILDING NO. 20, XINYUANLI WEST, CHAOYANG DISTRICT, BEIJING F4 #000
Yangyang Li	director, 10 percent owner	10/F TOWER B FAIRMONT NO. 1 BUILDING, 33# COMMUNITY, GUANGSHUN NORTH ST, CHAOYANG DISTRICT, BEIJING F4 100102
Anthony A Hung	officer: Chief Financial Officer	17877 VON KARMAN AVENUE, SUITE 300, IRVINE CA 92614
Element Partners, Llc	10 percent owner	950 TOWER LANE,, SUITE 1125, FOSTER CITY CA 94404
Lyle Berman	director	10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305