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PFSweb (PFSweb) ROC (Joel Greenblatt) % : -2.57% (As of Jun. 2023)


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What is PFSweb 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. PFSweb's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -2.57%.

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

PFSW' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -30.02   Med: -11.5   Max: 25.09
Current: -16.15

During the past 13 years, PFSweb's highest ROC (Joel Greenblatt) % was 25.09%. The lowest was -30.02%. And the median was -11.50%.

PFSW's ROC (Joel Greenblatt) % is not ranked
in the Business Services industry.
Industry Median: 20.92 vs PFSW: -16.15

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


PFSweb ROC (Joel Greenblatt) % Historical Data

The historical data trend for PFSweb'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.

PFSweb ROC (Joel Greenblatt) % Chart

PFSweb Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.09 1.91 -4.77 -14.81 -30.02

PFSweb Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 -31.42 -44.67 -12.65 -6.03 -2.57

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

For the Specialty Business Services subindustry, PFSweb'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.


PFSweb's ROC (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, PFSweb's ROC (Joel Greenblatt) % distribution charts can be found below:

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



PFSweb 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49.398 + 0 + 7.393) - (44.57 + 3.055 + 0)
=9.166

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(44.917 + 0 + 6.478) - (40.947 + 2.521 + 0)
=7.927

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PFSweb for the quarter that ended in Jun. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.576/( ( (49.999 + max(9.166, 0)) + (55.439 + max(7.927, 0)) )/ 2 )
=-1.576/( ( 59.165 + 63.366 )/ 2 )
=-1.576/61.2655
=-2.57 %

Note: The EBIT data used here is four times the quarterly (Jun. 2023) 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.


PFSweb  (NAS:PFSW) 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.


PFSweb ROC (Joel Greenblatt) % Related Terms

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


PFSweb (PFSweb) Business Description

Traded in Other Exchanges
N/A
Address
9250 N. Royal Lane, Suite 100, Irving, TX, USA, 75063
PFSweb Inc is a commerce services company. The company operating segments includes PFS Operations. The PFS Operations segment provides services to support or improve the physical, post-click experience, such as logistics and fulfilment, customer care and order to cash services including distributed order orchestration and payment services. It offers services on an a la carte basis or as a complete end-to-end solution.
Executives
Transcosmos Inc. 10 percent owner 3-25-18, SHIBUYA, SHIBUYA-KU, TOKYO M0 150-8530
R Zach Thomann officer: Senior Vice President 505 MILLENNIUM, ALLEN TX 75013
Benjamin L Rosenzweig director 50 OLD IVY ROAD SUITE 230, ATLANTA GA 30342
Michael C Willoughby director, officer: CEO/President PFSWEB INC, 500 N CENTRAL EXPRESSWAY, PLANO TX 75074
Laura L. Bracken officer: CAO/Senior Vice President AT HOME GROUP INC., 1600 EAST PLANO PARKWAY, PLANO TX 75074
Eli Samaha 10 percent owner ONE WORLD TRADE CENTER, FLOOR 65, NEW YORK NY 10007
Stephanie Delacruz officer: Chief Accounting Officer/VP 5703 OVERTON DR., PARKER TX 75002
David I Beatson director PFSWEB INC, 500 N CENTRAL EXPRESSWAY, PLANO TX 75074
James F Reilly director PFSWEB INC, 500 N CENTRAL EXPRESSWAY, PLANO TX 75074
Monica Luechtefeld director 6600 NORTH MILITARY TRAIL, BOCA RATON FL 33496
Robert Frankfurt director 1133 WESTCHESTER AVENUE, SUITE N222, WHITE PLAINS NY 10804
De Luca Gladys Mercedes director 1004 SHELL AVE, PACIFIC GROVE CA 93950
Peter John Stein director 505 MILLENNIUM, ALLEN TX 75013
Thomas J Madden officer: CFO/Executive Vice President PFSWEB INC, 500 N CENTRAL EXPRESSWAY, PLANO TX 75074
Mark Fuentes officer: Senior Vice President & CIO 505 MILLENNIUM, ALLEN TX 75013