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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. BlackSky Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -29.62%.
The historical rank and industry rank for BlackSky Technology's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 4 years, BlackSky Technology's highest ROC (Joel Greenblatt) % was -23.38%. The lowest was -246.00%. And the median was -54.79%.
BlackSky Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for BlackSky 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.
BlackSky Technology Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
ROC (Joel Greenblatt) % | -50.91 | -246.00 | -58.67 | -34.99 |
BlackSky Technology Quarterly Data | |||||||||||||||||
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 | 10.68 | -2.26 | -41.73 | -19.19 | -29.62 |
For the Scientific & Technical Instruments subindustry, BlackSky 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.
For the Hardware industry and Technology sector, BlackSky Technology's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where BlackSky Technology's ROC (Joel Greenblatt) % falls into.
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) |
= | (8.218 | + | 0 | + | 4.833) | - | (13.858 | + | 4.58 | + | 0.933) |
= | -6.32 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (10.284 | + | 0 | + | 6.233) | - | (12.683 | + | 4.224 | + | 1.523) |
= | -1.913 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of BlackSky Technology 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 ) |
= | -37.684 | / | ( ( (128.415 + max(-6.32, 0)) | + | (126.008 + max(-1.913, 0)) ) | / | 2 ) |
= | -37.684 | / | ( ( 128.415 | + | 126.008 ) | / | 2 ) |
= | -37.684 | / | 127.2115 | ||||
= | -29.62 % |
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.
BlackSky Technology (NYSE:BKSY) 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.
Thank you for viewing the detailed overview of BlackSky Technology's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tracy Ward | officer: Principal Accounting Officer | 3901 STONECROFT BOULEVARD, C/O INTERSECTIONS INC., CHANTILLY VA 20151 |
Brian E O'toole | director, officer: CEO and President | 2325 DULLES CORNER BLVD., HERNDON VA 20171 |
Henry Edward Dubois | officer: Chief Development Officer | C/O 13241 WOODLAND PARK ROAD, STE 300, HERNDON VA 20171 |
Christiana L Lin | officer: General Counsel & Corp Sec | 11465 SUNSET HILLS ROAD, SUITE 200, RESTON VA 20190 |
Johan G Broekhuysen | officer: Chief Financial Officer | LUMOS NETWORKS CORP., ONE LUMOS PLAZA, WAYNESBORO VA 22980 |
Susan M. Gordon | director | C/O CACI INTERNATIONAL, 1100 N. GLEBE ROAD, 3RD FLOOR, ARLINGTON VA 22201 |
Mithril Lp | 10 percent owner | ONE LETTERMAN DRIVE, BUILDING C SUITE 400, SAN FRANCISCO CA 94129 |
Peter Thiel | 10 percent owner | 9200 SUNSET BOULEVARD, SUITE 1110, WEST HOLLYWOOD CA 90069 |
S.a. Thales | 10 percent owner | TOUR CARPE DIEM, 31 PLACE, DES COROLLES, ESPLANADE NORD 92400, COURBEVOIE I0 92400 |
Thales Alenia Space Us Investment Llc | 10 percent owner | 1209 ORANGE STREET, WILMINGTON DE 19801 |
Thales Alenia Space S.a.s. | 10 percent owner | 100 BD DU MIDI - 06150, CANNES LA BOCA I0 06150 |
Seahawk Spv Investment Llc | 10 percent owner | 2733 SOUTH CRYSTAL DRIVE, SUITE 1200, ARLINGTON TX 22202 |
Brian G. Daum | officer: Chief Financial Officer | C/O BLACKSKY TECHNOLOGY INC, 13241 WOODLAND PARK ROAD, SUITE 300, HERNDON VA 20271 |
Mithril Gp Lp | 10 percent owner | C/O MITHRIL CAPITAL MANAGEMENT LLC, 600 CONGRESS AVENUE, SUITE 3100, AUSTIN TX 78701 |
Timothy M. Harvey | director | 13241 WOODLAND PARK ROAD, SUITE 300, HERNDON VA 20171 |
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