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Kingswood Acquisition (Kingswood Acquisition) ROC (Joel Greenblatt) % : 0.00% (As of Sep. 2023)


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What is Kingswood 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. Kingswood Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 0.00%.

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

During the past 3 years, Kingswood Acquisition's highest ROC (Joel Greenblatt) % was -570.28%. The lowest was -570.28%. And the median was -570.28%.

KWAC's ROC (Joel Greenblatt) % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -33.26
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Kingswood Acquisition ROC (Joel Greenblatt) % Historical Data

The historical data trend for Kingswood 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.

Kingswood Acquisition ROC (Joel Greenblatt) % Chart

Kingswood Acquisition Annual Data
Trend Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
- -570.28 -

Kingswood Acquisition Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 Kingswood Acquisition's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, Kingswood 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.


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

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

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



Kingswood 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.085) - (4.934 + 0 + -0.00099999999999945)
=-4.848

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.065) - (5.635 + 0 + 0)
=-5.57

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Kingswood Acquisition for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.888/( ( (0 + max(-4.848, 0)) + (0 + max(-5.57, 0)) )/ 1 )
=-2.888/( ( 0 + 0 )/ 1 )
=-2.888/0
= %

Note: The EBIT data used here is four times the quarterly (Sep. 2023) 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.


Kingswood Acquisition  (OTCPK:KWAC) 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.


Kingswood Acquisition ROC (Joel Greenblatt) % Related Terms

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Kingswood Acquisition (Kingswood Acquisition) Business Description

Traded in Other Exchanges
Address
17 Battery Place, Room 625, New York, NY, USA, 10004
Kingswood Acquisition Corp is a blank check company.
Executives
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Jeremy Wilder director 21 ELMRIDGE, SCARSDALE NY 10583
Gary Wilder director, 10 percent owner, other: Executive Chairman 17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Caroline O'connell director 17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
David Hudd director, 10 percent owner 17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Jonathan Massing director, 10 percent owner 17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Michael Nessim director, 10 percent owner 17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Ralph Lawrence Roth director 17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Lisa Roth director 17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Kingswood Global Sponsor Llc 10 percent owner 17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Howard Garland director, 10 percent owner 17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004