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COIN (Coinbase Global) ROC (Joel Greenblatt) % : 186.36% (As of Sep. 2024)


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What is Coinbase Global 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. Coinbase Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 186.36%.

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

COIN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1492.22   Med: 2.65   Max: 1986.36
Current: 821.56

During the past 5 years, Coinbase Global's highest ROC (Joel Greenblatt) % was 1986.36%. The lowest was -1492.22%. And the median was 2.65%.

COIN's ROC (Joel Greenblatt) % is ranked better than
89.91% of 654 companies
in the Capital Markets industry
Industry Median: 52.925 vs COIN: 821.56

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


Coinbase Global ROC (Joel Greenblatt) % Historical Data

The historical data trend for Coinbase Global'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.

Coinbase Global ROC (Joel Greenblatt) % Chart

Coinbase Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
-20.90 255.12 1,986.36 -1,492.22 2.65

Coinbase Global 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 105.19 286.71 2,852.33 -80.93 186.36

Competitive Comparison of Coinbase Global's ROC (Joel Greenblatt) %

For the Financial Data & Stock Exchanges subindustry, Coinbase Global'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.


Coinbase Global's ROC (Joel Greenblatt) % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Coinbase Global's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Coinbase Global 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)
=(236.444 + 0 + 269695.254) - (448.17 + 273395.904 + 509.64500000002)
=-4422.021

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(187.004 + 0 + 273181.477) - (500.603 + 0 + 277087.835)
=-4219.9570000001

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Coinbase Global 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 )
=356.444/( ( (189.533 + max(-4422.021, 0)) + (193 + max(-4219.9570000001, 0)) )/ 2 )
=356.444/( ( 189.533 + 193 )/ 2 )
=356.444/191.2665
=186.36 %

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.


Coinbase Global  (NAS:COIN) 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.


Coinbase Global ROC (Joel Greenblatt) % Related Terms

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


Coinbase Global Business Description

Address
1209, Orange Street, c/o The Corporation Trust Company, Wilmington, DE, USA, 19801
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Executives
Paul Grewal officer: Chief Legal Officer C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Emilie Choi officer: President C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Lawrence J Brock officer: Chief People Officer C/O COINBASE GLOBAL, INC., 248 3RD ST #434, OAKLAND CA 94607
Brian Armstrong director, 10 percent owner, officer: Chairman and CEO 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Ehrsam Frederick Ernest Iii director C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Jennifer N. Jones officer: Chief Accounting Officer C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Alesia J Haas officer: Chief Financial Officer 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179
Frederick R Wilson director, 10 percent owner
Gokul Rajaram director 301 CONGRESS AVENUE, SUITE 700, AUSTIN TX 78701
Marc L Andreessen director, 10 percent owner C/O ARNOLD & PORTER LLP, 3 EMBARCADERO CENTER 7TH FLOOR, SAN FRANCISCO CA 94111
Kathryn Haun director C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Tobias Lutke director C/O SHOPIFY INC., 150 ELGIN ST., 8TH FLOOR, OTTAWA A6 K2P 1L4
Surojit Chatterjee officer: Chief Product Officer C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111
Andreessen Horowitz Fund Iii, L.p. 10 percent owner 2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Andreessen Horowitz Lsv Fund I-b, L.p. 10 percent owner 2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025