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Marqeta (Marqeta) ROC (Joel Greenblatt) % : -911.97% (As of Dec. 2023)


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What is Marqeta 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. Marqeta's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -911.97%.

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

MQ' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1357.16   Med: -738.56   Max: -193.55
Current: -1321.79

During the past 5 years, Marqeta's highest ROC (Joel Greenblatt) % was -193.55%. The lowest was -1357.16%. And the median was -738.56%.

MQ's ROC (Joel Greenblatt) % is ranked worse than
90.59% of 2763 companies
in the Software industry
Industry Median: 13.39 vs MQ: -1321.79

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


Marqeta ROC (Joel Greenblatt) % Historical Data

The historical data trend for Marqeta'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.

Marqeta ROC (Joel Greenblatt) % Chart

Marqeta Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
-228.43 -193.55 -738.56 -1,120.83 -1,357.16

Marqeta Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,274.74 -1,968.93 -1,348.50 -1,206.99 -911.97

Competitive Comparison of Marqeta's ROC (Joel Greenblatt) %

For the Software - Infrastructure subindustry, Marqeta'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.


Marqeta's ROC (Joel Greenblatt) % Distribution in the Software Industry

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

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



Marqeta 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)
=(15.656 + 4.672 + 27.538) - (234.264 + 12.18 + 38.11)
=-236.688

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.54 + 4.309 + 25.506) - (267.101 + 11.829 + 45.849)
=-275.424

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Marqeta 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 )
=-225.344/( ( (24.167 + max(-236.688, 0)) + (25.252 + max(-275.424, 0)) )/ 2 )
=-225.344/( ( 24.167 + 25.252 )/ 2 )
=-225.344/24.7095
=-911.97 %

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.


Marqeta  (NAS:MQ) 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.


Marqeta ROC (Joel Greenblatt) % Related Terms

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


Marqeta (Marqeta) Business Description

Industry
Traded in Other Exchanges
Address
180 Grand Avenue, 6th Floor, Oakland, CA, USA, 94612
Headquartered in Oakland, California, and founded in 2010, Marqeta provides its clients with a card-issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank. The company's open APIs are designed to allow third parties like DoorDash, Klarna, and Block to rapidly develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform.
Executives
Randall F. Kern officer: Chief Technology Officer C/O MARQETA, INC., 180 GRAND AVE., FLR 6, OAKLAND CA 94612
Godfrey Sullivan director SPLUNK INC., 250 BRANNAN STREET, SAN FRANCISCO CA 94107
Judson C Linville director 200 VESEY STREET, NEW YORK NY 10285
Martha Cummings director C/O MARQETA, INC., 180 GRAND AVE., FLR 6, OAKLAND CA 94612
Najuma Atkinson director C/O HASBRO, INC., 1011 NEWPORT AVE, PAWTUCKET RI 02861
Crystal Sumner officer: See Remarks 415 KEARNY STREET, SAN FRANCISCO CA 94108
Todd Pollak officer: Chief Revenue Officer 180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
Simon Khalaf director, officer: Chief Executive Officer 180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
Srikiran Prasad director 180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
Seth R Weissman officer: See Remarks 3055 CLEARVIEW WAY, SAN MATEO CA 94402
Michael Milotich officer: Chief Financial Officer 180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
83north Ii Limited Partnership 10 percent owner 10 ABBA EBAN BOULEVARD, BUILDING C, 9TH FLOOR, HERZLIYA PITUACH L3 46733
Iconiq Strategic Partners Iii, L.p. 10 percent owner 394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
Vidya Peters officer: Chief Marketing Officer C/O MARQETA, INC., 180 GRAND AVE., FLR 6, OAKLAND CA 94612
Amy Chang director 2100 SEAPORT BLVD., C/O INFORMATICA CORPORATION, REDWOOD CITY CA 94063