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KEYW Holding (KEYW Holding) ROC (Joel Greenblatt) % : 21.95% (As of Mar. 2019)


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What is KEYW Holding 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. KEYW Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2019 was 21.95%.

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

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

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


KEYW Holding ROC (Joel Greenblatt) % Historical Data

The historical data trend for KEYW Holding'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.

KEYW Holding ROC (Joel Greenblatt) % Chart

KEYW Holding Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.78 31.82 24.96 -17.20 42.58

KEYW Holding Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 6.92 -83.86 49.64 261.46 21.95

Competitive Comparison of KEYW Holding's ROC (Joel Greenblatt) %

For the Software - Application subindustry, KEYW Holding'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.


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

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

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



KEYW Holding 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. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.661 + 24.111 + 5.093) - (64.85 + 1.622 + 4.23)
=-13.837

Working Capital(Q: Mar. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(33.216 + 24.639 + 2.295) - (56.565 + 2.726 + 8.376)
=-7.517

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of KEYW Holding for the quarter that ended in Mar. 2019 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2018  Q: Mar. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5.124/( ( (21.073 + max(-13.837, 0)) + (25.614 + max(-7.517, 0)) )/ 2 )
=5.124/( ( 21.073 + 25.614 )/ 2 )
=5.124/23.3435
=21.95 %

Note: The EBIT data used here is four times the quarterly (Mar. 2019) 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.


KEYW Holding  (NAS:KEYW) 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.


KEYW Holding ROC (Joel Greenblatt) % Related Terms

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KEYW Holding (KEYW Holding) Business Description

Traded in Other Exchanges
N/A
Address
7740 Milestone Parkway, Suite 400, Hanover, MD, USA, 21076
KEYW Holding is a provider of mission-critical cybersecurity, cybersuperiority, and geospatial intelligence solutions to U.S. government defense, intelligence, and national security agencies. Its solution includes collection, processing, analysis, and dissemination of intelligence information in cyberspace and geospace domains. The company derives revenue from fixed-price contracts and software licensing and maintenance. KEYW Holding generates a large majority of its revenue from the U.S. Department of Defense, and the rest of it from other intelligence agencies and commercial enterprises in the United States.
Executives
John C Inglis director 605 HILLSMERE DRIVE, ANNAPOLIS MD 21403
Shephard W Hill director C/O THE KEYW HOLDING CORPORATION, 7440 MILESTONE PARKWAY, SUITE 400, HANOVER MD 21076
Mark W Sopp director 601 JEFFERSON STREET, SUITE 3400, HOUSTON TX 77002
William I Campbell director 270 PARK AVENUE, NEW YORK NY 10017
Arthur L Money director 2 S. BISCAYNE BLVD., SUITE 2800, MIAMI FL 33131
Kenneth A Minihan director
Randall M Griffin director
Parag Saxena 10 percent owner 250 WEST 55TH STREET, SUITE 13D, NEW YORK NY 10019

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