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CoreLogic (CoreLogic) ROC (Joel Greenblatt) % : 70.07% (As of Mar. 2021)


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What is CoreLogic 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. CoreLogic's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was 70.07%.

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

CLGX's ROC (Joel Greenblatt) % is not ranked *
in the Software industry.
Industry Median: 13.25
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


CoreLogic ROC (Joel Greenblatt) % Historical Data

The historical data trend for CoreLogic'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.

CoreLogic ROC (Joel Greenblatt) % Chart

CoreLogic Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.13 51.79 39.30 23.17 76.37

CoreLogic Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 41.56 78.16 87.75 102.21 70.07

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

For the Information Technology Services subindustry, CoreLogic'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.


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

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

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



CoreLogic 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. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(303.202 + 0 + 285.211) - (235.105 + 411.821 + 44.677)
=-103.19

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(320.609 + 0 + 232.769) - (265.847 + 478.074 + 56.339)
=-246.882

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of CoreLogic for the quarter that ended in Mar. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2020  Q: Mar. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=340.132/( ( (488.573 + max(-103.19, 0)) + (482.276 + max(-246.882, 0)) )/ 2 )
=340.132/( ( 488.573 + 482.276 )/ 2 )
=340.132/485.4245
=70.07 %

Note: The EBIT data used here is four times the quarterly (Mar. 2021) 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.


CoreLogic  (NYSE:CLGX) 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.


CoreLogic ROC (Joel Greenblatt) % Related Terms

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


CoreLogic (CoreLogic) Business Description

Industry
Traded in Other Exchanges
N/A
Address
40 Pacifica, Suite 900, Irvine, CA, USA, 92618
CoreLogic Inc is a provider of data and analytics for the real estate sector. It operates in two segments: Property Intelligence & Risk Management Solutions and Underwriting & Workflow Solutions. The company offers a national database of property and mortgage information, judgments and liens, building and replacement costs, parcel and geospatial data, criminal background records, eviction information, nonprime lending records, credit information, and tax information. The database includes historical property transactions and mortgage applications and covers nearly all U.S. residential and commercial properties. Corelogic also provides analytics services and tools built around its database for use of property valuation and credit and risk management.
Executives
Patrick L Dodd officer: Chief Operating & Growth Off. 40 PACIFICA SUITE 900 SUITE 900 IRVINE CA 92618
Francis Aaron Henry officer: CLO & Corporate Secretary 2828 NORTH HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
J David Chatham director 5780 WINDWARD PARKWAY SUITE 300, ALPHARETTA GA 30005
Thomas C Obrien director 850 E ALGONQUIN RD, STE 100, SCHAUMGURG IL 60173
John C Dorman director C/O LOANDEPOT, INC. ATTN GENERAL COUNSEL, 26642 TOWNE CENTRE DRIVE, FOOTHILL RANCH CA 90402
Douglas C Curling director 1000 ALDERMAN DRIVE, ALPHARETTA GA 30005
John K Stumpf officer: Executive, Controller & CAO
Barry M Sando officer: Managing Director 4 FIRST AMERICAN WAY SANTA ANA CA 92708
James L Balas officer: Chief Financial Officer CORELOGIC, INC. 40 PACIFICA, SUITE 900 IRVINE CA 92618
Vikrant Raina director CORELOGIC, INC. 40 PACIFICA, SUITE 900 IRVINE CA 92618
Paul F Folino director ONE ENTERPRISE, ALISO VIEJO CA 92656
Frank Martell director, officer: President & CEO 10 GASTON FARMS ROAD, GREENWICH CT 06831
Pamela H. Patenaude director 26642 TOWNE CENTRE DRIVE, C/O LOANDEPOT, INC., FOOTHILL RANCH CA 92610
Michael Shepherd director 567 HALE STREET, PALO ALTO CA 94301
Jaynie M Studenmund director 506 SECOND AVENUE, 9TH FLOOR, SEATTLE WA 98104