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Faraday Future Intelligent Electric (NAS:FFIE) ROC (Joel Greenblatt) %

: -97.07% (As of Sep. 2022)
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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. Faraday Future Intelligent Electric's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -97.07%.

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

FFIE' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -159.92   Med: -92.44   Max: -24.96
Current: -134.02

During the past 2 years, Faraday Future Intelligent Electric's highest ROC (Joel Greenblatt) % was -24.96%. The lowest was -159.92%. And the median was -92.44%.

FFIE's ROC (Joel Greenblatt) % is ranked worse than
95.86% of 1233 companies
in the Vehicles & Parts industry
Industry Median: 10.35 vs FFIE: -134.02

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


Faraday Future Intelligent Electric (NAS:FFIE) ROC (Joel Greenblatt) % Historical Data

The historical data trend for Faraday Future Intelligent Electric'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.

Faraday Future Intelligent Electric Annual Data
Trend Dec20 Dec21
ROC (Joel Greenblatt) % -24.96 -159.92

Faraday Future Intelligent Electric Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
ROC (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only -461.86 -114.70 -182.85 -145.80 -97.07

Faraday Future Intelligent Electric (NAS:FFIE) ROC (Joel Greenblatt) % Competitive Comparison

For the Auto Manufacturers subindustry, Faraday Future Intelligent Electric'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.

   

Faraday Future Intelligent Electric (NAS:FFIE) ROC (Joel Greenblatt) % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Faraday Future Intelligent Electric's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Faraday Future Intelligent Electric's ROC (Joel Greenblatt) % falls into.



Faraday Future Intelligent Electric 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. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 54.526) - (140.29 + 3.975 + 23.078)
=-112.817

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 70.451) - (138.458 + 3.708 + 13.602)
=-85.317

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Faraday Future Intelligent Electric for the quarter that ended in Sep. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Sep. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-406.872/( ( (406.424 + max(-112.817, 0)) + (431.859 + max(-85.317, 0)) )/ 2 )
=-406.872/( ( 406.424 + 431.859 )/ 2 )
=-406.872/419.1415
=-97.07 %

Note: The EBIT data used here is four times the quarterly (Sep. 2022) 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.


Faraday Future Intelligent Electric  (NAS:FFIE) 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.


Faraday Future Intelligent Electric ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Faraday Future Intelligent Electric's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Faraday Future Intelligent Electric (NAS:FFIE) Business Description

Faraday Future Intelligent Electric logo
Traded in Other Exchanges
Address
654 Madison Avenue, Suite 1009, New York, NY, USA, 10065
Faraday Future Intelligent Electric Inc is a global shared intelligent mobility ecosystem. It is poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models. FF 91 is its first production vehicle and flagship model.
Executives
Roof Rebecca A officer: Interim Chief Financial Office C/O LORDSTOWN MOTORS CORP. 2300 HALLOCK YOUNG ROAD LORDSTOWN OH 44481
Mcbride Walter officer: Chief Financial Officer FIRST CONSULTING GROUP PO BOX 22676 LONG BEACH CA 90801-5676
Aydt Matthias director, officer: Sr. VP, Bus. Dev. & Prod. Def. 18455 S. FIGUEROA STREET GARDENA CA 90248
Pacific Technology Holding Llc 10 percent owner 18455 S FIGUEROA ST GARDENA CA 90248
Ff Top Holding Llc 10 percent owner 18455 S FIGUEROA ST GARDENA CA 90248
Ff Global Partners Llc 10 percent owner 18455 S FIGUEROA ST GARDENA CA 90248
Goh Edwin director 18455 S. FIGUEROA STREET GARDENA CA 90248
Cuomo Gerard officer: Controller 18455 S. FIGUEROA STREET GARDENA CA 90248
Mok Chui Tin officer: Exec. VP, Head of User Ecosys. 18455 S. FIGUEROA STREET GARDENA CA 90248
Hartmann Benedikt officer: Senior VP of Supply Chain 18455 S. FIGUEROA STREET GARDENA CA 90248
Kruse Robert A Jr. officer: Senior VP, Product Execution 18455 S. FIGUEROA STREET GARDENA CA 90248
Liu Lee Hui director 18455 S. FIGUEROA STREET GARDENA CA 90248
Jia Yueting officer: Ch. Prod. & User Ecosys. Ofc. 18455 S FIGUEROA STREET GARDENA CA 90248
Breitfeld Carsten director, officer: Global Chief Exec. Officer 18455 S. FIGUEROA STREET GARDENA CA 90248
Rao Hong officer: Vice President, I.A.I. 18455 S. FIGUEROA STREET GARDENA CA 90248

Faraday Future Intelligent Electric (NAS:FFIE) Headlines

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