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Cvent (CVT) ROC (Joel Greenblatt) % : -89.76% (As of Sep. 2016)


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What is Cvent 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. Cvent's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 was -89.76%.

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

CVT's ROC (Joel Greenblatt) % is not ranked *
in the Software industry.
Industry Median: 13.17
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Cvent ROC (Joel Greenblatt) % Historical Data

The historical data trend for Cvent'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.

Cvent ROC (Joel Greenblatt) % Chart

Cvent Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15
ROC (Joel Greenblatt) %
46.47 135.10 -26.45 -1.52 -70.28

Cvent Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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 1.12 -124.96 -16.75 -88.23 -89.76

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

For the Software - Application subindustry, Cvent'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.


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

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

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



Cvent 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. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24.536 + 0 + 11.803) - (33.695 + 89.929 + 0)
=-87.285

Working Capital(Q: Sep. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.09 + 0 + 12.395) - (40.407 + 88.625 + 2.8421709430404E-14)
=-87.547

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Cvent for the quarter that ended in Sep. 2016 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2016  Q: Sep. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-19.632/( ( (22.353 + max(-87.285, 0)) + (21.388 + max(-87.547, 0)) )/ 2 )
=-19.632/( ( 22.353 + 21.388 )/ 2 )
=-19.632/21.8705
=-89.76 %

Note: The EBIT data used here is four times the quarterly (Sep. 2016) 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.


Cvent  (NYSE:CVT) 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.


Cvent ROC (Joel Greenblatt) % Related Terms

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Cvent (CVT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Cvent Inc was incorporated on August 20, 1999 in the State of Delaware. The Company is a cloud-based enterprise event management company. It provides end-to-end cloud solutions for both sides of the corporate events and meetings ecosystem - event and meeting planners, through its Event Cloud, and hoteliers and venues, through its Hospitality Cloud. Its integrated, Event Cloud solutions addresses the entire event life cycle by allowing event and meeting planners to automate and streamline the process of planning, organizing and executing successful events for organizations of all sizes and industries. Its Hospitality Cloud provides hoteliers and venues with a complete suite of solutions to create, manage and measure their demand for group meetings. For the event and meeting planner side of the ecosystem, which includes corporations, associations, not-for-profits, government agencies and universities, events and meetings are an integral way to build and strengthen relationships with customers, prospects, employees and partners. Enterprise events and meetings include external events, such as conferences, tradeshows, and customer summits, as well as internal functions, such as sales meetings, training seminars and team-building events. For the hoteliers and venues side of the ecosystem, group events and meetings are a vital source of revenue and profit. The Cvent Hospitality Cloud was created to provide cloud-based solutions across the hotel group sales lifecycle. The Hospitality Cloud consists of marketing solutions and software-as-a-service (SaaS) software enabling hoteliers, convention and visitor bureaus (CVBs), and other event venue owners to more effectively generate qualified demand for meetings and events, manage that demand more efficiently, and measure group business performance. The Company offers planners a robust platform that addresses the entire life cycle of events and meetings, including budgeting, planning, venue sourcing, marketing, management and measurement of meetings. It offers six principal product categories on two integrated clouds, the Event Cloud and the Hospitality Cloud. The Event Cloud includes the five product categories - event and conference management software, enterprise solutions software, mobile event apps, pre- and post-event feedback management software, and onsite event solutions. The Hospitality Cloud includes three product categories - group marketing solutions, group demand management, and group business intelligence for hotels and venues. Event Cloud consists of Event Management; Enterprise Solutions; Mobile Event Applications; Feedback Solutions; Onsite Event & Conference Solutions; and Event Cloud Customers. Hospitality Cloud consists of Group Marketing Solutions; Group Demand Management; Group Business Intelligence; and Hospitality Cloud Customers. The Company's competitors are existing manual, paper and spreadsheet-based systems; event, meeting management and hospitality solution firms
Executives
Cynthia A Russo officer: Chief Financial Officer 8383 SENECA TURNPIKE, NEW HARTFORD NY 13413
Sanju K Bansal director 1850 TOWERS CRESCENT PLAZA, MICROSTRATEGY INC, VIENNA VA 22182
Jeffrey Lieberman director 680 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Insight Venture Partners Vii, L.p. 10 percent owner INSIGHT VENTURE ASSOCIATES VII, L.P., P.O. BOX 309 UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Venture Partners (delaware) Vii, L.p. 10 percent owner 1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036
Insight Venture Associates Vii, Ltd. 10 percent owner PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Venture Associates Vii, L.p. 10 percent owner PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Venture Partners Vii (co-investors), L.p. 10 percent owner INSIGHT VENTURE ASSOCIATES VII, L.P.,, P.O. BOX 309 UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Venture Partners (cayman) Vii, L.p. 10 percent owner INSIGHT VENTURE ASSOCIATES VII, L.P., P.O. BOX 309 UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Holdings Group, Llc 10 percent owner 1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036
Florence Anthony A. Jr. director 5425 WISCONSIN AVENUE, SUITE 800, CHEVY CHASE MD 20815
Nea 13 Gp, Ltd 10 percent owner 1119 ST. PAUL STREET, BALTIMORE MD 21202
Nea Partners 13, Limited Partnership 10 percent owner 1119 ST. PAUL STREET, BALTIMORE MD 21202
Krishna Kittu Kolluri 10 percent owner
New Enterprise Associates 13 Lp 10 percent owner 1119 ST PAUL STREET, BALTIMORE MD 21202

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