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Bilibili ROC (Joel Greenblatt) %

: -430.88% (As of Jun. 2021)
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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. Bilibili's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was -430.88%.

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

NAS:BILI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2039.19   Med: -365.61   Max: -190.84
Current: -448.65

-2039.19
-190.84

During the past 6 years, Bilibili's highest ROC (Joel Greenblatt) % was -190.84%. The lowest was -2039.19%. And the median was -365.61%.

NAS:BILI's ROC (Joel Greenblatt) % is ranked lower than
99.99% of the 76 Companies
in the Interactive Media industry.

( Industry Median: 26.70 vs. NAS:BILI: -448.65 )

Bilibili's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 25.00% per year.


Bilibili ROC (Joel Greenblatt) % Historical Data

The historical data trend for Bilibili'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.

Bilibili Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC (Joel Greenblatt) %
Premium Member Only -2,039.19 -190.84 -247.31 -265.92 -465.30

Bilibili Quarterly Data
Dec15 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
ROC (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only -362.25 -574.09 -418.48 -414.12 -430.88

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Bilibili'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.

   

Bilibili ROC (Joel Greenblatt) % Distribution

For the Interactive Media industry and Communication Services sector, Bilibili's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Bilibili 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: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(167.83301847671 + 0 + 524.45191908953) - (803.76445652675 + 339.2186948041 + 0)
=-450.69821376461

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(214.44108949416 + 0 + 613.95377431907) - (995.67408560311 + 406.66428015564 + 0)
=-573.94350194553

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bilibili for the quarter that ended in Jun. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2021  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-662.73120622568/( ( (138.39192738331 + max(-450.69821376461, 0)) + (169.2233463035 + max(-573.94350194553, 0)) )/ 2 )
=-662.73120622568/( ( 138.39192738331 + 169.2233463035 )/ 2 )
=-662.73120622568/153.80763684341
=-430.88 %

Note: The EBIT data used here is four times the quarterly (Jun. 2021) 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.


Bilibili  (NAS:BILI) 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.


Bilibili ROC (Joel Greenblatt) % Related Terms

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


Bilibili Business Description

Bilibili logo
Industry
Address
No. 485 Zhengli Road, Building 3, Guozheng Center, Yangpu District, Shanghai, CHN, 200433
Bilibili Inc is a full-spectrum online entertainment company. It operates as a video sharing Website that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Its theme features include animation, comic, and game, where users can submit, view, and add commentary subtitles on videos. Geographically, the company is based in China and it generates revenues from mobile games, e-commerce, live broadcasting, and online advertising.

Bilibili Headlines

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