ENFAW (890 5th Avenue Partners) ROC (Joel Greenblatt) %: 0.00% (As of Oct. 2020)

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What is 890 5th Avenue Partners ROC (Joel Greenblatt) %?

890 5th Avenue Partners ENFAW ROC (Joel Greenblatt) % is 0.00% as of Oct. 2020.

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. 890 5th Avenue Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2020 was 0.00%.

The historical rank and industry rank for 890 5th Avenue Partners's ROC (Joel Greenblatt) % or its related term are showing as below:

ENFAW's ROC (Joel Greenblatt) % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -271.525
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

890 5th Avenue Partners's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.

890 5th Avenue Partners  (NAS:ENFAW) 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.

890 5th Avenue Partners ROC (Joel Greenblatt) % Related Terms

890 5th Avenue Partners ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for 890 5th Avenue Partners'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.

890 5th Avenue Partners ROC (Joel Greenblatt) % Chart

890 5th Avenue Partners Annual Data
Trend Dec20
ROC (Joel Greenblatt) %
0.00

890 5th Avenue Partners Semi-Annual Data
Sep20 Oct20 Dec20
ROC (Joel Greenblatt) % 0.00 0.00 0.00

ENFAW vs : ROC (Joel Greenblatt) % Comparison

For the Shell Companies subindustry, 890 5th Avenue Partners'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.

890 5th Avenue Partners ROC (Joel Greenblatt) % vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, 890 5th Avenue Partners's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where 890 5th Avenue Partners's ROC (Joel Greenblatt) % falls into.


890 5th Avenue Partners 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. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.125 + 0 + 0)
=-0.125

Working Capital(Q: Oct. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.125 + 0 + 0)
=-0.125

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of 890 5th Avenue Partners for the quarter that ended in Oct. 2020 can be restated as:

ROC (Joel Greenblatt) %(Q: Oct. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2020  Q: Oct. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (0 + max(-0.125, 0)) + (0 + max(-0.125, 0)) )/ 1 )
=0/( ( 0 + 0 )/ 1 )
=0/0
= %

Note: The EBIT data used here is one times the annual (Oct. 2020) 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.

What does a ROC (Joel Greenblatt) % of 0.00% mean?
890 5th Avenue Partners (ENFAW) has a ROC (Joel Greenblatt) % of 0.00% as of Oct. 2020. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on 890 5th Avenue Partners and its competitors.
Is 890 5th Avenue Partners' ROC (Joel Greenblatt) % too high?
890 5th Avenue Partners' current ROC (Joel Greenblatt) % is 0.00%.
How does 890 5th Avenue Partners' ROC (Joel Greenblatt) % compare to ?
890 5th Avenue Partners' ROC (Joel Greenblatt) % of 0.00% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Diversified Financial Services company?
A good ROC (Joel Greenblatt) % depends on the Diversified Financial Services industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on 890 5th Avenue Partners and its competitors. 890 5th Avenue Partners's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 890 5th Avenue Partners stock overvalued right now?
890 5th Avenue Partners (ENFAW) has a current ROC (Joel Greenblatt) % of 0.00%. The current ROC (Joel Greenblatt) % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For 890 5th Avenue Partners (ENFAW), the current ROC (Joel Greenblatt) % is 0.00% as of Oct. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

890 5th Avenue Partners Business Description

Comparable Companies
Address 14 Elm Place, Suite 206, Rye, NY, USA, 10580
890 5th Avenue Partners Inc is a blank check company.