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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. Rubicon Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -30.92%.
The historical rank and industry rank for Rubicon Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 5 years, Rubicon Technologies's highest ROC (Joel Greenblatt) % was -773.03%. The lowest was -4413.13%. And the median was -997.58%.
Rubicon Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for Rubicon Technologies'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.
Rubicon Technologies Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
ROC (Joel Greenblatt) % | -777.41 | -773.03 | -997.58 | -4,413.13 | -1,102.37 |
Rubicon Technologies Quarterly Data | ||||||||||||||||
Dec19 | Sep20 | Dec20 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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-2,242.76 | -1,020.24 | -1,460.67 | -6,422.08 | -30.92 |
For the Software - Application subindustry, Rubicon Technologies'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 Software industry and Technology sector, Rubicon Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Rubicon Technologies'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: Jun. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (54.791 | + | 0 | + | 24.242) | - | (117.297 | + | 1.229 | + | 25.36) |
= | -64.853 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (84.416 | + | 0 | + | 29.596) | - | (137.58 | + | 1.174 | + | 18.51) |
= | -43.252 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Rubicon Technologies for the quarter that ended in Sep. 2024 can be restated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2024 | Q: Sep. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -0.516 | / | ( ( (1.753 + max(-64.853, 0)) | + | (1.585 + max(-43.252, 0)) ) | / | 2 ) |
= | -0.516 | / | ( ( 1.753 | + | 1.585 ) | / | 2 ) |
= | -0.516 | / | 1.669 | ||||
= | -30.92 % |
Note: The EBIT data used here is four times the quarterly (Sep. 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.
Rubicon Technologies (OTCPK:RBTC) 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 Rubicon Technologies's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Palantir Technologies Inc. | 10 percent owner | 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
Hernandez Andres Chico | director | MONTANAS CALIZAS 515, LOMAS DE CHAPULTEP, MEXICO CITY O5 11000 |
Jose Miguel Enrich | 10 percent owner | 781 CRANDON BLVD 902, KEY BISCAYNE FL 33149 |
Kevin Michael Schubert | officer: President | 1240 WEST WESLEY ROAD, ATLANTA GA 30327 |
Jevan Anderson | officer: Chief Financial Officer | 1819 DORIS DRIVE, MENLO PARK CA 94025 |
William D. Meyer | officer: General Counsel | 177 BEVERLY ROAD NE, ATLANTA GA 30309 |
Daniel P. Sampson | officer: Chief Mktg & Comms Officer | 231 EAST 76TH STREET, APT. 7J, NEW YORK NY 10021 |
Paula Henderson | director | 1810 SAINT MARY'S ST, RALEIGH NC 27608 |
Rgh, Inc. | 10 percent owner | 100 WEST MAIN STREET, SUITE 601, LEXINGTON KY 40507 |
Michael S. Heller | officer: Chief Administrative Officer | 10005 RIVER ROCK DRIVE NE, ROSWELL GA 30076 |
Nathaniel Morris | director, 10 percent owner, officer: Chief Executive Officer | 100 WEST MAIN STREET, SUITE 601, LEXINGTON KY 40507 |
Tom Owston | officer: Interim CCO | 409 MCCLENAGHAN MILL ROAD, WYNNEWOOD PA 19096 |
David Rachelson | officer: Chief Sustainability Officer | 75 26TH STREET NW, ATLANTA GA 30309 |
De Viel Castel Renaud | officer: Chief Operations Officer | 743 ANASTASIA AVENUE, CORAL GABLES FL 33134 |
Philip Rodoni | officer: Chief Technology Officer | PO BOX 1296, POINT REYES STATION CA 94956 |
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