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Funding Circle Holdings (LSE:FCH) ROC (Joel Greenblatt) % : -26.25% (As of Jun. 2024)


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What is Funding Circle Holdings 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. Funding Circle Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -26.25%.

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

LSE:FCH' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -997.94   Med: -333.78   Max: 265.04
Current: -193.75

During the past 9 years, Funding Circle Holdings's highest ROC (Joel Greenblatt) % was 265.04%. The lowest was -997.94%. And the median was -333.78%.

LSE:FCH's ROC (Joel Greenblatt) % is ranked worse than
90.49% of 389 companies
in the Credit Services industry
Industry Median: 52.65 vs LSE:FCH: -193.75

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


Funding Circle Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Funding Circle Holdings'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.

Funding Circle Holdings ROC (Joel Greenblatt) % Chart

Funding Circle Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only -258.57 -315.21 265.04 -84.59 -442.67

Funding Circle Holdings Semi-Annual Data
Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.20 -217.23 -139.62 -637.04 -26.25

Competitive Comparison of Funding Circle Holdings's ROC (Joel Greenblatt) %

For the Credit Services subindustry, Funding Circle Holdings'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.


Funding Circle Holdings's ROC (Joel Greenblatt) % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Funding Circle Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Funding Circle Holdings's ROC (Joel Greenblatt) % falls into.



Funding Circle Holdings 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)
=(0.4 + 0 + 7.4) - (39.2 + 0 + 16.6)
=-48

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.1 + 0 + 40.6) - (22.7 + 0 + 18.2)
=16.8

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Funding Circle Holdings for the quarter that ended in Jun. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.2/( ( (5 + max(-48, 0)) + (10.2 + max(16.8, 0)) )/ 2 )
=-4.2/( ( 5 + 27 )/ 2 )
=-4.2/16
=-26.25 %

Note: The EBIT data used here is two times the semi-annual (Jun. 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.


Funding Circle Holdings  (LSE:FCH) 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.


Funding Circle Holdings ROC (Joel Greenblatt) % Related Terms

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


Funding Circle Holdings Business Description

Traded in Other Exchanges
Address
71 Queen Victoria Street, London, GBR, EC4V 4AY
Funding Circle Holdings PLC provides an online lending platform through which borrower loans are originated and allocated to investors and comprising the different online lending platforms across the company's geographies. The company's geographical segments include the United Kingdom, the United States, and developing markets. It derives the majority of its revenue from the United Kingdom region.

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