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BB Liquidating (BB Liquidating) ROC (Joel Greenblatt) % : -57.62% (As of Dec. 2010)


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What is BB Liquidating 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. BB Liquidating's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2010 was -57.62%.

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

BLIAQ's ROC (Joel Greenblatt) % is not ranked *
in the Media - Diversified industry.
Industry Median: 10.5
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


BB Liquidating ROC (Joel Greenblatt) % Historical Data

The historical data trend for BB Liquidating'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.

BB Liquidating ROC (Joel Greenblatt) % Chart

BB Liquidating Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.27 8.44 -65.73 -119.10 -52.32

BB Liquidating Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
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 -511.68 -50.46 -60.72 -23.90 -57.62

Competitive Comparison of BB Liquidating's ROC (Joel Greenblatt) %

For the Entertainment subindustry, BB Liquidating'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.


BB Liquidating's ROC (Joel Greenblatt) % Distribution in the Media - Diversified Industry

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

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



BB Liquidating 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: Sep. 2010 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 467.2 + 130) - (326.4 + 83.7 + 20)
=167.1

Working Capital(Q: Dec. 2010 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 511.5 + 133.4) - (475 + 86.7 + -1.1368683772162E-13)
=83.2

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of BB Liquidating for the quarter that ended in Dec. 2010 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2010 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2010  Q: Dec. 2010
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-176.8/( ( (197.9 + max(167.1, 0)) + (165.5 + max(83.2, 0)) )/ 2 )
=-176.8/( ( 365 + 248.7 )/ 2 )
=-176.8/306.85
=-57.62 %

Note: The EBIT data used here is four times the quarterly (Dec. 2010) 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.


BB Liquidating  (OTCPK:BLIAQ) 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.


BB Liquidating ROC (Joel Greenblatt) % Related Terms

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


BB Liquidating (BB Liquidating) Business Description

Traded in Other Exchanges
N/A
Address
2100 Ross Avenue, Suite 2100, Dallas, TX, USA, 75201
BB Liquidating, Inc. formerly Blockbuster, Inc. and its subsidiaries operate and franchise entertainment-related stores in the United States and a number of other countries.
Executives
Dennis Mcgill officer: EVP & CFO 3601 PLAINS BLVD, STE 1, AMARILLO TX 79102
James W Keyes director, officer: Chairman & CEO 4500 WESTGROVE DR. SUITE 222, ADDISON TX 75001
Jules Haimovitz director 601 108TH AVENUE NE, SUITE 1200, BELLEVUE WA 98004
Edward Bleier director P.O. BOX 91123, SEATTLE WA 98111-9223
Strauss Zelnick director C/O ZELNICKMEDIA, 650 FIFTH AVE 31ST FLOOR, NEW YORK NY 10019
Hopper Investments Llc other: no longer a 10% holder 445 HAMILTON AVENUE, SUITE 1210, WHITE PLAINS NY 10601
Icahn Capital Lp other: no longer a 10% holder 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Iph Gp Llc other: no longer a 10% holder 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Icahn Onshore Lp other: no longer a 10% holder 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Icahn Offshore Lp other: no longer a 10% holder 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Icahn Enterprises G.p. Inc. other: no longer a 10% holder 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Beckton Corp other: no longer a 10% holder 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Icahn Enterprises Holdings L.p. other: no longer a 10% holder 16690 COLLINS AVE,, PH, SUNNY ISLES FL 33160
Barberry Corp /ny/ other: no longer a 10% holder 16630 COLLINS AVENUE, PH, SUNNY ISLES FL 33160
Icahn Partners Master Fund Ii L.p. other: no longer a 10% holder 445 HAMILTON AVENUE, SUITE 1210, WHITE PLAINS NY 10601

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