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. Research Frontiers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was -175.21%.
The historical rank and industry rank for Research Frontiers's ROC (Joel Greenblatt) % or its related term are showing as below:
REFR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -776.4 Med: -288.46 Max: -122.46
Current: -122.46
During the past 13 years, Research Frontiers's highest ROC (Joel Greenblatt) % was -122.46%. The lowest was -776.40%. And the median was -288.46%.
Research Frontiers's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.70% per year.
Research Frontiers ROC (Joel Greenblatt) % Historical Data
The historical data trend for Research Frontiers'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.
|
Research Frontiers Annual Data
|
|
Trend |
Dec12 |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
| ROC (Joel Greenblatt) % |
|
|
|
|
|
|
-197.23 |
-346.92 |
-314.11 |
-188.10 |
-135.97 |
|
Research Frontiers Quarterly Data
|
|
Jun17 |
Sep17 |
Dec17 |
Mar18 |
Jun18 |
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
| ROC (Joel Greenblatt) % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-164.60 |
-144.34 |
3.81 |
-181.37 |
-175.21 |
Competitive Comparison
For the Electronic Components subindustry, Research Frontiers'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.
Research Frontiers ROC (Joel Greenblatt) % Distribution
For the Hardware industry and Technology sector, Research Frontiers's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Research Frontiers's ROC (Joel Greenblatt) % falls into.
Research Frontiers 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.
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Research Frontiers for the quarter that ended in Mar. 2022 can be restated as:
Note:
The EBIT data used here is four times the quarterly (Mar. 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.
Research Frontiers Business Description
Traded in Other Exchanges
N/A
Address
240 Crossways Park Drive, Woodbury, NY, USA, 11797-2033
Research Frontiers Inc is engaged in the development and marketing of technology and devices to control the flow of light. The company develops and licenses its patented suspended particle device light-control technology to other companies that manufacture and market the SPD-Smart chemical emulsion, the light-control film made from the chemical emulsion, the light-control panels made by laminating the film, electronics to power end-products incorporating the film, or lamination services for, and the end-products. Its revenue source comes from the licensing of technology.
Executives
| Douglas Family Trust |
10 percent owner, other: 13(d)(3) group |
125 E. SIR FRANCIS DRAKE BLVD. SUITE 400 LARKSPUR CA 94939 |
| James & Jean Douglas Irrevocable Descendants Trust |
10 percent owner, other: 13(d)(3) group |
125 E. SIR FRANCIS DRAKE BLVD. SUITE 400 LARKSPUR CA 94939 |
| Douglas Kevin |
10 percent owner, other: 13(d)(3) group |
125 E. SIR FRANCIS DRAKE BLVD. SUITE 400 LARKSPUR CA 94939 |
| Settle William Graham |
director |
6003 COBRIDGE SQUARE RALEIGH NC 27609 |
| Lapointe Michael R |
officer: VP-Marketing |
PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: LAPOINTE MICHAEL R a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
| Harary Joseph M |
director, officer: President and CEO |
PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HARARY JOSEPH M a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
| Van Voorhees Seth |
officer: CFO & VP-Business Development |
12 HARVEY DRIVE SHORT HILLS NJ 07078 |
| Daigle Darryl |
director |
3213 WYTCHWOOD DRIVE MORGAN CITY LA 70380 |
| Kaganowicz Alexander |
director |
1217 CARLLS STRAIGHT PATH DIX HILLS NY 11746 |
| Grimes Gregory George |
director |
24 FIFTH AVENUE APT. 1530 NEW YORK NY 10011 |
| Slovak Steven Michael |
officer: Vice President-Technology |
240 CROSSWAYS PARK DRIVE WOODBURY NY 11797 |
| Saxe Robert L |
director, officer: Chairman of the Board |
PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SAXE ROBERT L a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
| Keen Victor F |
director |
C/O RESEARCH FRONTIERS INC. 240 CROSSWAYS PARK DRIVE WOODBURY NY 11797 |
| Guthrie Marion Philip |
director |
THREE LINCOLN CENTRE 5430 LBJ FWY., SUITE 1480 DALLAS TX 75240 |
| Derby Jack |
director |
399 BOYLSTON STREET BOSTON MA 02117 |
Research Frontiers Headlines
By Seekingalpha 2021-11-09
By Seekingalpha 2022-03-10
By Seekingalpha 2020-11-08
By Seekingalpha 2020-05-11
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