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NeuStar (NeuStar) ROC (Joel Greenblatt) % : 196.03% (As of Mar. 2017)


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What is NeuStar 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. NeuStar's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was 196.03%.

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

NSR's ROC (Joel Greenblatt) % is not ranked *
in the Business Services industry.
Industry Median: 20.65
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


NeuStar ROC (Joel Greenblatt) % Historical Data

The historical data trend for NeuStar'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.

NeuStar ROC (Joel Greenblatt) % Chart

NeuStar Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 211.28 190.48 164.00 182.14 190.91

NeuStar Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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 168.23 191.20 164.33 236.16 196.03

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

For the Specialty Business Services subindustry, NeuStar'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.


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

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

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



NeuStar 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. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(207.595 + 0 + 55.432) - (155.64 + 91.188 + 11.632)
=4.5669999999999

Working Capital(Q: Mar. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(188.93 + 0 + 48.917) - (120.528 + 96.035 + 9.306)
=11.978

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of NeuStar for the quarter that ended in Mar. 2017 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2016  Q: Mar. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=305.54/( ( (145.821 + max(4.5669999999999, 0)) + (149.363 + max(11.978, 0)) )/ 2 )
=305.54/( ( 150.388 + 161.341 )/ 2 )
=305.54/155.8645
=196.03 %

Note: The EBIT data used here is four times the quarterly (Mar. 2017) 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.


NeuStar  (NYSE:NSR) 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.


NeuStar ROC (Joel Greenblatt) % Related Terms

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NeuStar (NeuStar) Business Description

Traded in Other Exchanges
N/A
Address
NeuStar provides clearinghouse services to the telecom industry, making interoperability possible for competing communication service providers. It operates the authoritative directories containing all the phone area codes and numbers in North America, facilitates the routing of calls among competing providers, manages top-level Internet domain name services (.biz and . us), and administers U.S. common short codes (shorter phone numbers used for value-added services).
Executives
Hellene S Runtagh director 9 WETHERFIELD COURT, POTOMAC MD 20854
Paul Ballew director 21575 RIDGETOP CIRCLE, STERLING VA 20166
Mark N Greene director 901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402
Michael J Rowny director 5329 WOODLAWN AVENUE, CHEVY CHASE MD 20815
Paul S Lalljie officer: Senior Vice President and CFO 7900 HARKINS ROAD, LANHAM MD 20706
Henry Skorny officer: SVP, IOT 2601 ELLIOTT AVENUE, SUITE 1000, SEATTLE WA 98121
Ross K Ireland director 175 E HOUSTON ST ROOM 216, SAN ANTONIO TX 78205
Paul A Lacouture director 46000 CENTER OAK PLAZA, STERLING VA 20166
Deborah Rieman director ONE RIVERFRONT PLAZA, CORNING NY 14831
Joel P Friedman director C/O ACCENTURE LEGAL & COMMERICAL GROUP, 23RD FL 161 N CLARK STREET, CHICAGO IL 60601
Lisa Hook director, officer: President and CEO NEUSTAR, INC. - C/O DENIS CURRAN, 46000 CENTER OAK PLAZA, STERLING VA 20166
James Cullen director 5301 STEVENS CREEK BLVD, MS 1A-LC, SANTA CLARA CA 95051
Brian Foster officer: SVP, Information Services 21575 RIDGETOP CIRCLE STERLING VA 20166
Chang Gareth C C director C/O MALLINCKRODT GROUP INC, 7733 FORSYTH BLVD, ST LOUIS MO 63105
Matthew Levin officer: SVP, Business Affairs NEUSTAR, INC., 4600 CENTER OAK PLAZA, STERLING VA 20166

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