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Fandifi Technology (STU:TQ4) ROC (Joel Greenblatt) % : -62,800.00% (As of Oct. 2023)


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What is Fandifi Technology 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. Fandifi Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -62,800.00%.

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

STU:TQ4' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -214250   Med: -24122.22   Max: -108.01
Current: -8275.45

During the past 13 years, Fandifi Technology's highest ROC (Joel Greenblatt) % was -108.01%. The lowest was -214250.00%. And the median was -24122.22%.

STU:TQ4's ROC (Joel Greenblatt) % is ranked worse than
97.17% of 2760 companies
in the Software industry
Industry Median: 13.29 vs STU:TQ4: -8275.45

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


Fandifi Technology ROC (Joel Greenblatt) % Historical Data

The historical data trend for Fandifi Technology'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.

Fandifi Technology ROC (Joel Greenblatt) % Chart

Fandifi Technology Annual Data
Trend Nov14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -77,485.71 -24,900.00 - -2,041.86 -3,583.94

Fandifi Technology Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 -3,448.18 -5,350.00 -23,714.29 -37,244.44 -62,800.00

Competitive Comparison of Fandifi Technology's ROC (Joel Greenblatt) %

For the Software - Application subindustry, Fandifi Technology'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.


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

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

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



Fandifi Technology 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: Jul. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.072) - (0.705 + 0 + 0)
=-0.633

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.051) - (0.924 + 0 + 0)
=-0.873

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Fandifi Technology for the quarter that ended in Oct. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Oct. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2023  Q: Oct. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.256/( ( (0.003 + max(-0.633, 0)) + (0.001 + max(-0.873, 0)) )/ 2 )
=-1.256/( ( 0.003 + 0.001 )/ 2 )
=-1.256/0.002
=-62,800.00 %

Note: The EBIT data used here is four times the quarterly (Oct. 2023) 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.


Fandifi Technology  (STU:TQ4) 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.


Fandifi Technology ROC (Joel Greenblatt) % Related Terms

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Fandifi Technology (STU:TQ4) Business Description

Traded in Other Exchanges
Address
1100 Melville Street, Suite 830, Vancouver, BC, CAN, V6E 4A6
Fandifi Technology Corp is engaged in the development and monetization of the Company's all ages prediction and wagering Esports Entertainment Platform for engaging fans on mobile applications. The company operates in segments namely, Canada, Curacao, and Cyprus.

Fandifi Technology (STU:TQ4) Headlines

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