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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. Galaxy Gaming's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 112.90%.
The historical rank and industry rank for Galaxy Gaming's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, Galaxy Gaming's highest ROC (Joel Greenblatt) % was 748.25%. The lowest was -69.89%. And the median was 207.33%.
Galaxy Gaming's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for Galaxy Gaming'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.
Galaxy Gaming Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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-69.89 | 80.84 | 146.43 | 164.37 | 127.37 |
Galaxy Gaming Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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99.76 | 175.50 | 196.36 | 8.59 | 112.90 |
For the Gambling subindustry, Galaxy Gaming'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.
For the Travel & Leisure industry and Consumer Cyclical sector, Galaxy Gaming's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Galaxy Gaming's ROC (Joel Greenblatt) % falls into.
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. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (5.643 | + | 0 | + | 1.206) | - | (5.853 | + | 0 | + | 0.0010000000000003) |
= | 0.995 |
Working Capital | (Q: Dec. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (4.72 | + | 0 | + | 1.238) | - | (5.474 | + | 0 | + | 0.00099999999999945) |
= | 0.483 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Galaxy Gaming for the quarter that ended in Dec. 2024 can be restated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2024 | Q: Dec. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 5.272 | / | ( ( (3.924 + max(0.995, 0)) | + | (3.937 + max(0.483, 0)) ) | / | 2 ) |
= | 5.272 | / | ( ( 4.919 | + | 4.42 ) | / | 2 ) |
= | 5.272 | / | 4.6695 | ||||
= | 112.90 % |
Note: The EBIT data used here is four times the quarterly (Dec. 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.
Galaxy Gaming (OTCPK:GLXZ) 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.
Thank you for viewing the detailed overview of Galaxy Gaming's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hagerty Harry C Iii | officer: CFO | 6767 SPENCER STREET, LAS VEGAS NV 89119 |
Meredith B. Brill | director | 52 HILLHURST BLVD, TORONTO A6 M5N 1N6 |
Cheryl Kondra | director | 6480 CAMERON STREET, SUITE 305, LAS VEGAS NV 89118 |
Mark A Lipparelli | director | 6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118 |
Todd P Cravens | officer: CEO | 6767 SPENCER STREET, LAS VEGAS NV 89119 |
Michael Gavin Isaacs | director | BALLY TECHNOLOGIES, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119 |
William A Zender | director | 296 DOE RUN CIRCLE, HENDERSON NV 89012 |
Bryan W. Waters | director | 240 MONTE VISTA RIDGE ROAD, ORINDA CA 94563 |
Norman H Desrosiers | director | 6987 VINNEDGE LANE, #119, HIGHLAND NV 92346 |
Triangulum Partners, Llc. | 10 percent owner | 6767 SPENCER ST, LAS VEGAS NV 89119 |
Robert B. Saucier | director, 10 percent owner, officer: CEO, CFO | 6980 O'BANNON DRIVE, LAS VEGAS NV 89117 |
Gary Anthony Vecchiarelli | officer: Chief Financial Officer | 6980 OBANNON DRIVE, LAS VEGAS NV 89117 |
Alixandra Saucier Regulatory Trust | other: Affiliated Trust | 698O O'BANNON DRIVE, LAS VEGAS NV 89117 |
William E O'hara | officer: COO | 6980 O'BANNON DRIVE, LAS VEGAS NV 89117 |
Patrick Mcnevin | director | 5205 E. LINCOLN DR., PARADISE VALLEY AZ 85253 |
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