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Infint Acquisition (Infint Acquisition) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2023)


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What is Infint Acquisition 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. Infint Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

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

During the past 3 years, Infint Acquisition's highest ROC (Joel Greenblatt) % was -765.91%. The lowest was -765.91%. And the median was -765.91%.

IFIN's ROC (Joel Greenblatt) % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -43.56
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Infint Acquisition ROC (Joel Greenblatt) % Historical Data

The historical data trend for Infint Acquisition'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.

Infint Acquisition ROC (Joel Greenblatt) % Chart

Infint Acquisition Annual Data
Trend Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
- -765.91 -

Infint Acquisition Quarterly Data
Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Infint Acquisition's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, Infint Acquisition'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.


Infint Acquisition's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Infint Acquisition's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Infint Acquisition 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 + 0 + 0) - (4.002 + 0 + 0)
=-4.002

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (4.235 + 0 + -8.8817841970013E-16)
=-4.235

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Infint Acquisition 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 )
=-1.38/( ( (0 + max(-4.002, 0)) + (0 + max(-4.235, 0)) )/ 1 )
=-1.38/( ( 0 + 0 )/ 1 )
=-1.38/0
= %

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


Infint Acquisition  (NYSE:IFIN) 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.


Infint Acquisition ROC (Joel Greenblatt) % Related Terms

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Infint Acquisition (Infint Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
32 Broadway, Suite 401, New York, NY, USA, 10004
Infint Acquisition Corp is a blank check company.
Executives
Wolverine Asset Management Llc 10 percent owner 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
Taconic Capital Advisors Lp 10 percent owner 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Frank Brosens 10 percent owner C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors Uk Llp 10 percent owner 55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY
Andrey Novikov director 19355 BUSINESS CENTER DRIVE , #9, NORTHRIDG CA 91324
Kevin Chen director 7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
Sheldon Brickman officer: Chief Financial Officer 1452 EAST 21ST STREET, BROOKLYN NY 11210
Jing Huang director 47 JAMES RD, MT KISCO NY 10549
Michael Moradzadeh director 800 OAK GROVE AVENUE, SUITE 250, MENLO PARK CA 94025
Alexander Edgarov director, 10 percent owner, officer: Chief Executive Officer 32 BROADWAY, SUITE 401, NEW YORK NY 10004
Dave Cameron director 3738 FLORAMAR TERRACE, NEW PORT RICHEY FL 34652
Infint Capital Llc 10 percent owner 32 BROADWAY, SUITE 401, NEW YORK NY 10004
Eric David Weinstein director 7 PINEWOOD CIRCLE, WHITE PLAINS NY 10603