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Skillz (NYSE:SKLZ) ROC (Joel Greenblatt) %

: -1,459.86% (As of Sep. 2022)
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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. Skillz's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -1,459.86%.

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

SKLZ' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3223.04   Med: -1336.99   Max: -578.62
Current: -1850.14

During the past 4 years, Skillz's highest ROC (Joel Greenblatt) % was -578.62%. The lowest was -3223.04%. And the median was -1336.99%.

SKLZ's ROC (Joel Greenblatt) % is ranked worse than
90.44% of 586 companies
in the Interactive Media industry
Industry Median: 13.29 vs SKLZ: -1850.14

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


Skillz ROC (Joel Greenblatt) % Historical Data

The historical data trend for Skillz'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.

Skillz Annual Data
Trend Dec18 Dec19 Dec20 Dec21
ROC (Joel Greenblatt) %
- -578.62 -3,223.04 -1,336.99

Skillz Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 1,543.41 -2,219.00 -2,380.54 -988.84 -1,459.86

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Skillz'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.

   

Skillz ROC (Joel Greenblatt) % Distribution

For the Interactive Media industry and Communication Services sector, Skillz's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Skillz's ROC (Joel Greenblatt) % falls in comparison to its industry or sector. The grey bar indicates the ROC (Joel Greenblatt) %'s extreme value range as defined by GuruFocus.



Skillz 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. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.63 + 0 + 21.414) - (42.244 + 0 + 12.665)
=-22.865

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.001 + 0 + 18.467) - (39.85 + 0 + 9.034)
=-21.416

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Skillz for the quarter that ended in Sep. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Sep. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-299.44/( ( (20.41 + max(-22.865, 0)) + (20.613 + max(-21.416, 0)) )/ 2 )
=-299.44/( ( 20.41 + 20.613 )/ 2 )
=-299.44/20.5115
=-1,459.86 %

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


Skillz  (NYSE:SKLZ) 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.


Skillz ROC (Joel Greenblatt) % Related Terms

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


Skillz (NYSE:SKLZ) Business Description

Skillz logo
Traded in Other Exchanges
Address
P.O. Box 445, San francisco, CA, USA, 94104
Skillz Inc is a mobile game development company. Its platform helps developers build multi-million dollar franchises by enabling social competition in their games.
Executives
Seth Schorr director PO BOX 445, SAN FRANCISCO CA 94104
Jason Roswig officer: President & CFO PO BOX 445, SAN FRANCISCO CA 94104
Henry M. Hoffman director PO BOX 445, SAN FRANCISCO CA 94104
Shari Glazer director PO BOX 445, SAN FRANCISCO CA 94104
Doris Fritz-bianchi officer: Head of People SKILLZ INC C/O CHARLOTTE EDELMAN, SAN FRANCISCO CA 94104
Vatsal Bhardwaj officer: Chief Product Officer SKILLZ INC C/O CHARLOTTE EDELMAN, SAN FRANCISCO CA 94104
Stanley Mbugua officer: Chief Accounting Officer SKILLZ INC, PO BOX 455, SAN FRAN CA 94104
Ian J Lee officer: Chief Financial Officer C/O SKILLZ INC., P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Christopher S Gaffney director C/O GREAT HILL PARTNERS, L.P., 200 CLARENDON STREET, 29TH FLOOR, BOSTON MA 02116
Jerome Leon Bruckheimer director PHILPOTT MEEKS, 10030 VENTURA BOULEVARD, SUITE 380, ENCINO CA 91436
Scott D Henry officer: Chief Financial Officer 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Kent Wakeford director SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Vandana Mehta-krantz director SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Miriam Aguirre officer: Chief Technology Officer SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Favian Garcia officer: Controller SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445

Skillz (NYSE:SKLZ) Headlines

Other Sources

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