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DiamondPeak Holdings (DiamondPeak Holdings) ROC (Joel Greenblatt) % : 0.00% (As of Jun. 2020)


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What is DiamondPeak Holdings 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. DiamondPeak Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was 0.00%.

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

DPHC's ROC (Joel Greenblatt) % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -39.36
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


DiamondPeak Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for DiamondPeak Holdings'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.

DiamondPeak Holdings ROC (Joel Greenblatt) % Chart

DiamondPeak Holdings Annual Data
Trend Dec18 Dec19
ROC (Joel Greenblatt) %
- -1,509.76

DiamondPeak Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
ROC (Joel Greenblatt) % Get a 7-Day Free Trial -6,160.00 -6,000.00 - - -

Competitive Comparison of DiamondPeak Holdings's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, DiamondPeak Holdings'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.


DiamondPeak Holdings's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

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

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



DiamondPeak Holdings 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. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.118) - (0.322 + 0 + 0)
=-0.204

Working Capital(Q: Jun. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.084) - (0.573 + 0 + 0)
=-0.489

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of DiamondPeak Holdings for the quarter that ended in Jun. 2020 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2020  Q: Jun. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.94/( ( (0 + max(-0.204, 0)) + (0 + max(-0.489, 0)) )/ 1 )
=-1.94/( ( 0 + 0 )/ 1 )
=-1.94/0
= %

Note: The EBIT data used here is four times the quarterly (Jun. 2020) 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.


DiamondPeak Holdings  (NAS:DPHC) 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.


DiamondPeak Holdings ROC (Joel Greenblatt) % Related Terms

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DiamondPeak Holdings (DiamondPeak Holdings) Business Description

Traded in Other Exchanges
N/A
Address
40 W 57th Street, 29th Floor, New York, NY, USA, 10019
Website
DiamondPeak Holdings Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.