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Digitalist Group Oyj (STU:TI6) ROC (Joel Greenblatt) % : -315.01% (As of Jun. 2024)


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What is Digitalist Group Oyj 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. Digitalist Group Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -315.01%.

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

STU:TI6' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2385.39   Med: -655.35   Max: -176.17
Current: -196.9

During the past 13 years, Digitalist Group Oyj's highest ROC (Joel Greenblatt) % was -176.17%. The lowest was -2385.39%. And the median was -655.35%.

STU:TI6's ROC (Joel Greenblatt) % is ranked worse than
80.43% of 2744 companies
in the Software industry
Industry Median: 17.535 vs STU:TI6: -196.90

Digitalist Group Oyj's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 31.10% per year.


Digitalist Group Oyj ROC (Joel Greenblatt) % Historical Data

The historical data trend for Digitalist Group Oyj'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.

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Digitalist Group Oyj ROC (Joel Greenblatt) % Chart

Digitalist Group Oyj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -771.21 -512.66 -311.67 -335.17 -176.17

Digitalist Group Oyj Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -274.54 -337.51 -228.45 -102.33 -315.01

Competitive Comparison of Digitalist Group Oyj's ROC (Joel Greenblatt) %

For the Software - Application subindustry, Digitalist Group Oyj'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.


Digitalist Group Oyj's ROC (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, Digitalist Group Oyj's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Digitalist Group Oyj's ROC (Joel Greenblatt) % falls into.



Digitalist Group Oyj 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)
=(3.055 + 0 + 0) - (5.749 + 0 + 2.583)
=-5.277

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.157 + 0 + 0.274) - (0 + 0 + 21.109)
=-17.678

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Digitalist Group Oyj 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 )
=-2.676/( ( (0.915 + max(-5.277, 0)) + (0.784 + max(-17.678, 0)) )/ 2 )
=-2.676/( ( 0.915 + 0.784 )/ 2 )
=-2.676/0.8495
=-315.01 %

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.


Digitalist Group Oyj  (STU:TI6) 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.


Digitalist Group Oyj ROC (Joel Greenblatt) % Related Terms

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Digitalist Group Oyj Business Description

Traded in Other Exchanges
Address
Siltasaarenkatu 18–20 C, Helsinki, FIN, 00530
Digitalist Group Oyj is a creative technology company. The company seeks to design, formulate, and implement functional user experiences and sustainable software solutions based on the Internet, cloud, or mobile technologies. It designs comprehensive digital solutions for clients to enhance their competitiveness and productivity and provide them with added value and customer loyalty. The European region generates the maximum revenue for the company.

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