GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Direct Selling Acquisition Corp (OTCPK:DSAQ) » Definitions » ROC (Joel Greenblatt) %

Direct Selling Acquisition (Direct Selling Acquisition) ROC (Joel Greenblatt) % : 0.00% (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Direct Selling Acquisition 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. Direct Selling Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.00%.

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

During the past 3 years, Direct Selling Acquisition's highest ROC (Joel Greenblatt) % was -297.08%. The lowest was -297.08%. And the median was -297.08%.

DSAQ's ROC (Joel Greenblatt) % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -23.975
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Direct Selling Acquisition ROC (Joel Greenblatt) % Historical Data

The historical data trend for Direct Selling Acquisition'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.

Direct Selling Acquisition ROC (Joel Greenblatt) % Chart

Direct Selling Acquisition Annual Data
Trend Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
- -297.08 -

Direct Selling Acquisition Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Direct Selling Acquisition's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, Direct Selling Acquisition'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.


Direct Selling Acquisition's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Direct Selling Acquisition's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Direct Selling Acquisition 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.0049999999999999) - (4.996 + 0 + -1.7763568394003E-15)
=-4.991

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.254) - (6.878 + 0 + 0)
=-6.624

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Direct Selling Acquisition for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-6.86/( ( (0 + max(-4.991, 0)) + (0 + max(-6.624, 0)) )/ 1 )
=-6.86/( ( 0 + 0 )/ 1 )
=-6.86/0
= %

Note: The EBIT data used here is four times the quarterly (Mar. 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.


Direct Selling Acquisition  (OTCPK:DSAQ) 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.


Direct Selling Acquisition ROC (Joel Greenblatt) % Related Terms

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


Direct Selling Acquisition (Direct Selling Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
5800 Democracy Drive, Plano, TX, USA, 75024
Direct Selling Acquisition Corp is a blank check company.
Executives
Himanshu Gulati 10 percent owner 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Antara Capital Lp 10 percent owner 55 HUDSON YARDS, 47TH FLOOR, NEW YORK NY 10001
Antara Capital Master Fund Lp 10 percent owner 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Antara Capital Fund Gp Llc 10 percent owner 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Antara Capital Gp Llc 10 percent owner 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110
Antara Capital Total Return Spac Master Fund Lp 10 percent owner 55 HUDSON YARDS, 47TH FLOOR, SUITE C, NEW YORK NY 10001
Antara Capital Total Return Spac Fund Gp Llc 10 percent owner 55 HUDSON YARDS, 47TH FLOOR, SUITE C, NEW YORK NY 10001
Wayne Lee Moorehead director, officer: Chief Strategy Officer 123 EAST 200 NORTH, ALPINE UT 84004
Addison John A. Jr. director 3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Dave Wentz director, officer: Chief Executive Officer 308 W 300, S #203, SALT LAKE CITY UT 84101
Bradford Richardson director 3838 WEST PARKWAY BLVD, SALT LAKE CITY UT 84120
Travis Ogden director C/O DIRECT SELLING ACQUISITION CORP., 5800 DEMOCRACY DRIVE, PLANO TX 75024
Mike Lohner director, officer: Chief Financial Officer C/O DIRECT SELLING ACQUISITION CORP., 5800 DEMOCRACY DRIVE, PLANO TX 75024
Heather Chastain director C/O DIRECT SELLING ACQUISITION CORP., 5800 DEMOCRACY DRIVE, PLANO TX 75024
Dsac Partners Llc 10 percent owner C/O DIRECT SELLING ACQUISITION CORP., 5800 DEMOCRACY DRIVE, PLANO TX 75024