GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Remote Dynamics Inc (OTCPK:RMTD) » Definitions » ROC (Joel Greenblatt) %

Remote Dynamics (Remote Dynamics) ROC (Joel Greenblatt) % : -1,884.21% (As of Sep. 2009)


View and export this data going back to 2006. Start your Free Trial

What is Remote Dynamics 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. Remote Dynamics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2009 was -1,884.21%.

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

RMTD's ROC (Joel Greenblatt) % is not ranked *
in the Hardware industry.
Industry Median: 10.32
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Remote Dynamics ROC (Joel Greenblatt) % Historical Data

The historical data trend for Remote Dynamics'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.

Remote Dynamics ROC (Joel Greenblatt) % Chart

Remote Dynamics Annual Data
Trend Dec99 Dec00 Dec01 Aug02 Aug03 Aug04 Aug05 Aug06 Dec07 Dec08
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.53 -378.72 -537.46 -104.26 -448.65

Remote Dynamics Quarterly Data
Nov04 Feb05 May05 Aug05 Nov05 Feb06 May06 Aug06 Nov06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -224.90 -360.00 -882.47 -877.71 -1,884.21

Competitive Comparison of Remote Dynamics's ROC (Joel Greenblatt) %

For the Scientific & Technical Instruments subindustry, Remote Dynamics'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.


Remote Dynamics's ROC (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Remote Dynamics's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Remote Dynamics 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. 2009 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.609 + 0.205 + 0.54) - (4.133 + 0.907 + 1.7763568394003E-15)
=-3.686

Working Capital(Q: Sep. 2009 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.636 + 0.148 + 0.512) - (4.063 + 0.873 + 0)
=-3.64

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Remote Dynamics for the quarter that ended in Sep. 2009 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2009 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2009  Q: Sep. 2009
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.432/( ( (0.083 + max(-3.686, 0)) + (0.069 + max(-3.64, 0)) )/ 2 )
=-1.432/( ( 0.083 + 0.069 )/ 2 )
=-1.432/0.076
=-1,884.21 %

Note: The EBIT data used here is four times the quarterly (Sep. 2009) 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.


Remote Dynamics  (OTCPK:RMTD) 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.


Remote Dynamics ROC (Joel Greenblatt) % Related Terms

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


Remote Dynamics (Remote Dynamics) Business Description

Traded in Other Exchanges
N/A
Address
200 Chisholm Place, Suite 120, Plano, TX, USA, 75075
Remote Dynamics Inc markets, sells and supports automatic vehicle location and mobile resource management solutions targeting companies that own and operate private vehicle fleets, construction equipment, unpowered assets and others.
Executives
Miller Lloyd I Iii other: Former 10% Owner
Alan B Howe director 1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081

Remote Dynamics (Remote Dynamics) Headlines

No Headlines