GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PlayAGS Inc (NYSE:AGS) » Definitions » ROC (Joel Greenblatt) %

AGS (PlayAGS) ROC (Joel Greenblatt) % : 40.81% (As of Sep. 2024)


View and export this data going back to 2018. Start your Free Trial

What is PlayAGS 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. PlayAGS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 40.81%.

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

AGS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -40.44   Med: 9.11   Max: 39.96
Current: 39.96

During the past 10 years, PlayAGS's highest ROC (Joel Greenblatt) % was 39.96%. The lowest was -40.44%. And the median was 9.11%.

AGS's ROC (Joel Greenblatt) % is ranked better than
79.54% of 826 companies
in the Travel & Leisure industry
Industry Median: 9.2 vs AGS: 39.96

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


PlayAGS ROC (Joel Greenblatt) % Historical Data

The historical data trend for PlayAGS'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.

PlayAGS ROC (Joel Greenblatt) % Chart

PlayAGS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.88 -32.48 14.76 21.47 37.44

PlayAGS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 37.06 39.56 45.88 33.91 40.81

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

For the Gambling subindustry, PlayAGS'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.


PlayAGS's ROC (Joel Greenblatt) % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PlayAGS's ROC (Joel Greenblatt) % distribution charts can be found below:

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



PlayAGS 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.833 + 33.358 + 9.159) - (41.274 + 2.64 + 0)
=73.436

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(78.309 + 36.073 + 9.477) - (38.238 + 2.983 + 7.105427357601E-15)
=82.638

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PlayAGS for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=68.716/( ( (91.087 + max(73.436, 0)) + (89.607 + max(82.638, 0)) )/ 2 )
=68.716/( ( 164.523 + 172.245 )/ 2 )
=68.716/168.384
=40.81 %

Note: The EBIT data used here is four times the quarterly (Sep. 2024) 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.


PlayAGS  (NYSE:AGS) 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.


PlayAGS ROC (Joel Greenblatt) % Related Terms

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


PlayAGS Business Description

Traded in Other Exchanges
N/A
Address
6775 S. Edmond Street, Suite 300, Las Vegas, NV, USA, 89118
PlayAGS Inc is a designer and supplier of gaming products and services for the gaming industry. The company mainly supplies electronic gaming machines (EGM), server-based systems and back-office systems which are used by casinos, and various gaming locations. Its operating segments are EGM, Table Products, and Interactive. The EGM segment offers a selection of video slot titles developed for the world-wide marketplace as well as EGM cabinets. Its Table Products segments include live proprietary table games and side bets, as well as ancillary table products. The Interactive segment consists of delivering games through mobile apps such as Lucky Play Casino and Vegas Fever. It earns a majority of its revenue from Electronic Gaming Machines segment and geographically from the United States.
Executives
Robert Barron Ziems officer: Chief Legal Officer, Secretary 6775 S. EDMOND ST., STE. 300, LAS VEGAS NV 89118
Adam Chibib director 7501B NORTH CAPITAL OF TEXAS HGHWY, AUSTIN TX 78731
Anna Massion director 5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Ap Gaming Voteco, Llc 10 percent owner 5475 S. DECATUR BLVD., LAS VEGAS NV 89118
David-jacques Farahi director 3800 S. VIRGINIA STREET, RENO NV 89502
David Lopez officer: Chief Executive Officer 7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113
Kimo Akiona officer: Treas, CFO & Chief Acctg. Off. 5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Victor Gallo officer: GC, Secy. & Compliance Officer 5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Geoff Freeman director 5475 S. DECATUR BLVD., SUITE 100, LAS VEGAS NV 89118
Yvette Landau director
Eric Press director 1301 AVENUE OF THE AMERICA 38TH FLOOR, NEW YORK NY 10019
Marc J Rowan 10 percent owner APOLLO ADVISORS LP, 1301 AVE OF THE AMERICAS, NEW YORK NY 10019
David Sambur director, other: See Remarks 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Sigmund Lee officer: Chief Tech. Officer 5475 S. DECATUR BLVD., STE #100, LAS VEGAS NV 89118
Daniel Evan Cohen director, other: See Remarks C/O APOLLO GLOBAL MANAGEMENT, L.P., 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019