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BM Technologies ROC (Joel Greenblatt) %

: -8,693.09% (As of Dec. 2021)
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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. BM Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was -8,693.09%.

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

BMTX' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2692.27   Med: 1718.26   Max: 6128.78
Current: 6555.27

During the past 3 years, BM Technologies's highest ROC (Joel Greenblatt) % was 6128.78%. The lowest was -2692.27%. And the median was 1718.26%.

BMTX's ROC (Joel Greenblatt) % is ranked better than
99.89% of 2668 companies
in the Software industry
Industry Median: 12.60 vs BMTX: 6555.27

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


BM Technologies ROC (Joel Greenblatt) % Historical Data

The historical data trend for BM Technologies'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.

BM Technologies Annual Data
Trend Dec19 Dec20 Dec21
ROC (Joel Greenblatt) %
- -2,692.27 6,128.78

BM Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
ROC (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3,551.12 22,273.46 -974.06 12,281.35 -8,693.09

Competitive Comparison

For the Software - Application subindustry, BM Technologies'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.

   

BM Technologies ROC (Joel Greenblatt) % Distribution

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

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



BM Technologies 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. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.498 + 0 + 2.046) - (16.002 + 4.306 + 0)
=-13.764

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.161 + 0 + 1.779) - (8.84 + 15.387 + 0)
=-13.287

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of BM Technologies for the quarter that ended in Dec. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2021  Q: Dec. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-28.296/( ( (0.305 + max(-13.764, 0)) + (0.346 + max(-13.287, 0)) )/ 2 )
=-28.296/( ( 0.305 + 0.346 )/ 2 )
=-28.296/0.3255
=-8,693.09 %

Note: The EBIT data used here is four times the quarterly (Dec. 2021) 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.


BM Technologies  (AMEX:BMTX) 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.


BM Technologies ROC (Joel Greenblatt) % Related Terms

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BM Technologies Business Description

BM Technologies logo
Traded in Other Exchanges
Address
535 5th Ave, 29th Floor, New York, NY, USA, 10017
BM Technologies Inc is a digital banking platform in the United States. It provides a suite of low-cost products, including checking & savings accounts, to consumers through its business-to-business-to-customer distribution model by connecting consumers to an FDIC-insured banking institution.
Executives
Dolan John J director 4655 SALISBURY ROAD SUITE 110 JACKSONVILLE FL 32256
Dullinger James Francis officer: Chief Accounting Officer C/O IOTA COMMUNICATIONS, INC. 645 HAMILTON STREET, SUITE 400 ALLENTOWN PA 18101
Schechter Private Capital, Llc 10 percent owner 251 PIERCE STREET BIRMINGHAM MI 48009
Dinodia Pankaj director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Ramsey Robert H officer: Chief Financial Officer 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Schwab Marcy director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Hurley Brent director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Diegel Robert officer: Chief Operating Officer 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Gill Mike director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Hodari Aaron director 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Sidhu Luvleen director, officer: Chief Executive Officer 201 KING OF PRUSSIA ROAD SUITE 350 WAYNE PA 19087
Millennium Management Llc other: May be deemed a group member. 399 PARK AVENUE NEW YORK NY 10022
Millennium Group Management Llc other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC 399 PARK AVENUE NEW YORK NY 10022
Integrated Core Strategies (us) Llc 10 percent owner C/O MILLENNIUM MANAGEMENT LLC 399 PARK AVENUE NEW YORK NY 10022
Englander Israel A other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC 399 PARK AVENUE NEW YORK NY 10022

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