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. Paya Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 126.21%.
The historical rank and industry rank for Paya Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
PAYA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 85.81 Med: 93.18 Max: 153.74
Current: 142.8
During the past 4 years, Paya Holdings's highest ROC (Joel Greenblatt) % was 153.74%. The lowest was 85.81%. And the median was 93.18%.
PAYA's ROC (Joel Greenblatt) % is ranked better than 82.94% of 2673
companies
in the Software industry
Industry Median: 12.34
vs PAYA: 142.80
Paya Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Paya Holdings ROC (Joel Greenblatt) % Historical Data
The historical data trend for Paya 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.
Paya Holdings Annual Data
Trend
Dec18
Dec19
Dec20
Dec21
ROC (Joel Greenblatt) %
-
85.81
153.74
93.18
Paya Holdings Quarterly Data
Dec18
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
ROC (Joel Greenblatt) %
-84.19
161.79
147.01
140.02
126.21
Competitive Comparison
For the Software - Infrastructure subindustry, Paya 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.
Paya Holdings ROC (Joel Greenblatt) % Distribution
For the Software industry and Technology sector, Paya Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Paya Holdings's ROC (Joel Greenblatt) % falls into.
Paya 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:
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.
Note:
The EBIT data used here is four times the quarterly (Jun. 2022) 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.
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.
Paya Holdings ROC (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Paya Holdings's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Paya Holdings Inc is a provider of integrated payment and frictionless commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiencies. Its operating segment includes Integrated Solutions and Payment Services. The company generates maximum revenue from the Integrated Solutions segment. Integrated Solutions segment represents the delivery of credit and debit card payment solutions, and to a lesser extent, ACH processing solutions to customers via integrations with software partners across strategic vertical markets. Integrated Solutions partners also include vertical focused front-end Customer Relationship Management software providers as well as back-end Enterprise Resource Planning and accounting solutions.
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