Nuix (ASX:NXL) ROC (Joel Greenblatt) %

: -80.72% (As of Dec. 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. Nuix's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -80.72%.

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

ASX:NXL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -118.07 Med: -31.4 Max: -13.12
Current: -80.42

During the past 4 years, Nuix's highest ROC (Joel Greenblatt) % was -13.12%. The lowest was -118.07%. And the median was -31.40%.

ASX:NXL's ROC (Joel Greenblatt) % is ranked worse than
71.71% of 2761 companies
in the Software industry
Industry Median: 13.06 vs ASX:NXL: -80.42

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

Nuix ROC (Joel Greenblatt) % Historical Data

The historical data trend for Nuix'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.

Nuix Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROC (Joel Greenblatt) %

-13.12

-118.07

-31.40

Nuix Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROC (Joel Greenblatt) %	Take a 7-Day Free Trial				-28.16	-274.06	15.46	-81.44	-80.72

Competitive Comparison

For the Software - Application subindustry, Nuix'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.

Nuix ROC (Joel Greenblatt) % Distribution

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

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

Nuix 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: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(68.534	+	0	+	8.43)	-	(32.306	+	38.998	+	9.188)
=	-3.528

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(72.761	+	0	+	7.863)	-	(26.247	+	0	+	54.999)
=	-0.62200000000001

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Nuix 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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-9.03	/	( ( (11.591 + max(-3.528, 0))	+	(10.784 + max(-0.62200000000001, 0)) )	/	2 )
=	-9.03	/	( ( 11.591	+	10.784 )	/	2 )
=	-9.03	/	11.1875
=	-80.72 %

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Nuix (ASX:NXL) 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.

Nuix ROC (Joel Greenblatt) % Related Terms

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Nuix (ASX:NXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nuix Ltd (ASX:NXL) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

NXLLF:USA

Address

1 Market Street, Level 27, Sydney, NSW, AUS, 2000

Website

https://www.nuix.com

Nuix Ltd is engaged in providing software-related services. It is engaged in the development and distribution of software. The company provides services to advisory firms, litigation support vendors, corporations, government and law enforcement agencies. Its products include Nuix Discover, Nuix Investigate, and Nuix Workstation among others. The group's revenue primarily consists of license fees from customers' right to use the software. Its customers are located in the regions of Asia Pacific, the Americas, and Europe, Middle East and Africa.