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ASPS (Altisource Portfolio Solutions) ROC (Joel Greenblatt) % : 60.51% (As of Mar. 2025)


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What is Altisource Portfolio Solutions 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. Altisource Portfolio Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 60.51%.

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

ASPS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -257.63   Med: 63.49   Max: 156.77
Current: 156.77

During the past 13 years, Altisource Portfolio Solutions's highest ROC (Joel Greenblatt) % was 156.77%. The lowest was -257.63%. And the median was 63.49%.

ASPS's ROC (Joel Greenblatt) % is ranked better than
83.7% of 1761 companies
in the Real Estate industry
Industry Median: 10.68 vs ASPS: 156.77

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


Altisource Portfolio Solutions ROC (Joel Greenblatt) % Historical Data

The historical data trend for Altisource Portfolio Solutions'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.

Altisource Portfolio Solutions ROC (Joel Greenblatt) % Chart

Altisource Portfolio Solutions Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -95.51 133.85 -257.63 -222.06 149.65

Altisource Portfolio Solutions Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 Premium Member Only Premium Member Only Premium Member Only 92.28 218.59 163.43 153.64 60.51

Competitive Comparison of Altisource Portfolio Solutions's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, Altisource Portfolio Solutions'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.


Altisource Portfolio Solutions's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Altisource Portfolio Solutions's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Altisource Portfolio Solutions 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.728 + 0 + 5.197) - (33.512 + 3.979 + 0.75100000000003)
=-22.317

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.512 + 0 + 5.298) - (33.927 + 3.594 + 0.965)
=-22.676

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Altisource Portfolio Solutions for the quarter that ended in Mar. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.636/( ( (2.944 + max(-22.317, 0)) + (2.463 + max(-22.676, 0)) )/ 2 )
=1.636/( ( 2.944 + 2.463 )/ 2 )
=1.636/2.7035
=60.51 %

Note: The EBIT data used here is four times the quarterly (Mar. 2025) 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.


Altisource Portfolio Solutions  (NAS:ASPS) 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.


Altisource Portfolio Solutions ROC (Joel Greenblatt) % Related Terms

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Altisource Portfolio Solutions Business Description

Traded in Other Exchanges
Address
33, Boulevard Prince Henri, Luxembourg, LUX, 1724
Altisource Portfolio Solutions SA is an integrated service provider and marketplace for the real estate and mortgage industries. It operates via two reportable segments, namely Servicer and Real Estate, which derive maximum revenue, and Origination. The Servicer and Real Estate segment provides loan servicers and real estate investors with solutions and technologies that span the mortgage and real estate lifecycle. The Origination segment provides originators with solutions and technologies that span the mortgage origination lifecycle. Altisource mainly serves financial institutions, government-sponsored enterprises, and originators in the United States, with the majority of its revenue flowing from field services and mortgage and real estate solutions.
Executives
Gregory J. Ritts officer: General Counsel C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A., 33, BOULEVARD PRINCE HENRI, LUXEMBOURG N4 L-1724
Michelle D. Esterman officer: Chief Financial Officer C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A., 33, BOULEVARD PRINCE HENRI, LUXEMBOURG N4 L-1724
William B Shepro director, officer: Chief Executive Officer C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A., 33, BOULEVARD PRINCE HENRI, LUXEMBOURG N4 L-1724
Deer Park Road Management Company, Lp 10 percent owner 1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Aldridge John G Jr director C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A., 33, BOULEVARD PRINCE HENRI, LUXEMBOURG CITY N4 L-1724
Mary Hickok director 1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Roland Mueller-ineichen director GAALIMATT 35, RAIN V8 CH-6026
W Michael Linn director 40, AVENUE MONTEREY, LUXEMBOURG N4 L-2163
Marcello Mastioni officer: PRES, REAL ESTATE MARKETPLACE 40, AVENUE MONTEREY, LUXEMBOURG CITY N4 L-2163
Scott Edward Burg 10 percent owner 1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Agatecreek Llc 10 percent owner 1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Indroneel Chatterjee officer: Chief Financial Officer 40, AVENUE MONTEREY, LUXEMBOURG CITY N4 L-2163
Orin S Kramer director 2050 CENTER AVE, SUITE 300, FORT LEE NJ 07024
Joseph L Morettini director 1375 PORTMARNOCK DRIVE, ALPHARETTA GA 30005
Deer Park Road Management Gp, Llc 10 percent owner 1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487