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Identillect Technologies ROC (Joel Greenblatt) %

: -24,400.00% (As of Sep. 2021)
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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. Identillect Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was -24,400.00%.

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

OTCPK:IDTLF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -41080.69   Med: -2041.6   Max: -667.26
Current: -41080.69

-41080.69
-667.26

During the past 13 years, Identillect Technologies's highest ROC (Joel Greenblatt) % was -667.26%. The lowest was -41080.69%. And the median was -2041.60%.

OTCPK:IDTLF's ROC (Joel Greenblatt) % is ranked lower than
99% of the 2521 Companies
in the Software industry.

( Industry Median: 16.18 vs. OTCPK:IDTLF: -41080.69 )

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


Identillect Technologies ROC (Joel Greenblatt) % Historical Data

The historical data trend for Identillect Technologies'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.

Identillect Technologies Annual Data
Trend Jul11 Jul12 Jul13 Jul14 Jul15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24,738.46 -5,117.33 -3,892.96 -1,066.17 -685.71

Identillect Technologies Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
ROC (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only -949.45 -10,400.00 -105,066.67 -31,600.00 -24,400.00

Competitive Comparison

For the Software - Application subindustry, Identillect Technologies'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.

   

Identillect Technologies ROC (Joel Greenblatt) % Distribution

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

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



Identillect Technologies 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: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.003) - (0.62 + 0.264 + 2.2204460492503E-16)
=-0.881

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.003) - (0.628 + 0.301 + -0.00099999999999989)
=-0.925

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Sep. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2021  Q: Sep. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.244/( ( (0.001 + max(-0.881, 0)) + (0.001 + max(-0.925, 0)) )/ 2 )
=-0.244/( ( 0.001 + 0.001 )/ 2 )
=-0.244/0.001
=-24,400.00 %

Note: The EBIT data used here is four times the quarterly (Sep. 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.


Identillect Technologies  (OTCPK:IDTLF) 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.


Identillect Technologies ROC (Joel Greenblatt) % Related Terms

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


Identillect Technologies Business Description

Identillect Technologies logo
Industry
Technology » Software NAICS : 423430 SIC : 5744
Traded in Other Exchanges
Address
609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3
Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. It offers a product like Delivery trust in Outlook Plugin, Office 365, Gmail Plugin, Web Only and Electronic Signatures. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.
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