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Focus Impact Acquisition (Focus Impact Acquisition) ROC (Joel Greenblatt) % : 0.00% (As of Mar. 2024)


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

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

FIAC's ROC (Joel Greenblatt) % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -16.92
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Focus Impact Acquisition ROC (Joel Greenblatt) % Historical Data

The historical data trend for Focus Impact 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.

Focus Impact Acquisition ROC (Joel Greenblatt) % Chart

Focus Impact Acquisition Annual Data
Trend Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
- - -

Focus Impact Acquisition Quarterly Data
Mar21 Jun21 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 Premium Member Only - - - - -

Competitive Comparison of Focus Impact Acquisition's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, Focus Impact 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.


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

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

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



Focus Impact 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 + 0.08) - (50.563 + 0 + 0)
=-50.483

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.00099999999999999) - (8.353 + 0 + 0)
=-8.352

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Focus Impact 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 )
=-6.748/( ( (0 + max(-50.483, 0)) + (0 + max(-8.352, 0)) )/ 1 )
=-6.748/( ( 0 + 0 )/ 1 )
=-6.748/0
= %

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.


Focus Impact Acquisition  (NAS:FIAC) 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.


Focus Impact Acquisition ROC (Joel Greenblatt) % Related Terms

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Focus Impact Acquisition (Focus Impact Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
250 Park Avenue, Suite 911, New York, NY, USA, 10177
Focus Impact Acquisition Corp is a blank check company.
Executives
D'angela Simms director 40 W. 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
Jerri Devard director 120 E 87TH STREET, #P6A, NEW YORK NY 10128
Westley Moore director, other: Chairman 325 WEST HURON STREET, SUITE 412, CHICAGO IL 60654
Wray T Thorn officer: Chief Investment Officer 63 WEST 17TH STREET, NEW YORK NY 10011
Dawanna Williams director 865 MERRICK AVE, SUITE 200 S, WESTBURY NY 11590
Troy L Carter director 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Focus Impact Sponsor, Llc director, 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Carl Stanton officer: Chief Executive Officer C/O FOCUS IMPACT, 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Ernest D Lyles officer: Chief Financial Officer C/O FOCUS IMPACT, 250 PARK AVENUE, SUITE 911, NEW YORK NY 10177
Howard L Sanders director C/O FOCUS IMPACT, 250 PARK AVENUE, SUITE 911, NEW YORK NY 10177