Digital Turbine (NAS:APPS) ROC (Joel Greenblatt) %

: -73.83% (As of Mar. 2023)

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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. Digital Turbine's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -73.83%.

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

APPS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6227.52 Med: -73.84 Max: 408.83
Current: 95.93

During the past 13 years, Digital Turbine's highest ROC (Joel Greenblatt) % was 408.83%. The lowest was -6227.52%. And the median was -73.84%.

APPS's ROC (Joel Greenblatt) % is ranked better than
76.13% of 2694 companies
in the Software industry
Industry Median: 9.95 vs APPS: 95.93

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

Digital Turbine ROC (Joel Greenblatt) % Historical Data

The historical data trend for Digital Turbine'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.

Digital Turbine Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROC (Joel Greenblatt) %

111.36

166.71

408.83

292.50

96.25

Digital Turbine Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROC (Joel Greenblatt) %																246.40	209.68	177.63	79.99	-73.83

Competitive Comparison

For the Software - Application subindustry, Digital Turbine'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.

Annual Data Quarterly Data

Digital Turbine ROC (Joel Greenblatt) % Distribution

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

* The bar in red indicates where Digital Turbine's ROC (Joel Greenblatt) % falls in comparison to its industry or sector. The grey bar indicates the ROC (Joel Greenblatt) %'s extreme value range as defined by GuruFocus.

Digital Turbine 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: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(180.491	+	0	+	32.466)	-	(229.7	+	0	+	59.666)
=	-76.409

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(136.921	+	0	+	12.819)	-	(188.559	+	0	+	32.361)
=	-71.18

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Digital Turbine for the quarter that ended in Mar. 2023 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-36.596	/	( ( (49.732 + max(-76.409, 0))	+	(49.4 + max(-71.18, 0)) )	/	2 )
=	-36.596	/	( ( 49.732	+	49.4 )	/	2 )
=	-36.596	/	49.566
=	-73.83 %

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

Digital Turbine (NAS:APPS) 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.

Digital Turbine ROC (Joel Greenblatt) % Related Terms

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Digital Turbine (NAS:APPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Turbine Inc (NAS:APPS) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

4MD:Germany

Address

110 San Antonio Street, Suite 160, Austin, TX, USA, 78701

Website

https://www.digitalturbine.com

Digital Turbine Inc is an independent mobile growth platform. It offers end-to-end products and solutions to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its operating segments are On Device Media (ODM); In App Media-AdColony; and In App Media-Fyber. The company derives key revenue from the ODM segment by providing solutions to all participants in the mobile application ecosystem who want to connect with end users and consumers who hold the device, including mobile carriers and device original equipment manufacturers (OEMs) that participate in the app economy, app publishers and developers, and brands and advertising agencies. It has a global business presence.

Executives

Senthilkumaran Kanagaratnam	officer: Chief Technology Officer	5717 LA SEYNE PLACE, SAN JOSE CA 95138
Matthew Gillis	officer: President	2400 BOSTON STREET, SUITE 201, BALTIMORE MD 21224
Mary Spilman	director	C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016
Michael Benjamin Miller	officer: Chief Accounting Officer	360 WEST FOREST GROVE ROAD, LUCAS TX 75002
Holyce Hess Groos	director	58 CHRISTIANA COURT, LAKE GEORGE NY 12845
Christine Collins	officer: CTO	111 NUECES STREET, AUSTIN TX 78701
Michelle M Sterling	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Roy H Chestnutt	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
J. Barrett Garrison	officer: EVP, CFO	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
David Wesch	officer: Acting CAO	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Mohan S Gyani	director	7277 164TH AVE NE, BLDG1, REDMOND WA 98052
Judson Bowman	director	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Craig I Forman	director	1375 PEACHTREE STREET, ATLANTA GA 30309
James Alejandro	officer: Chief Accounting Officer	2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068
Kirstie Elizabeth Brown	officer: Head, Global Fin. Obligations	2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068