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The DustWAR:THD -3.64%17 ROC (Joel Greenblatt) % is 13.97% as of Mar. 2026. GuruFocus rates WAR:THD with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 549 Interactive Media companies, The Dust ranks worse than 62.48% on this metric.
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. The Dust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.97%.
The historical rank and industry rank for The Dust's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:THD'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -553.66 Med: -57.79 Max: 149.38
Current: -15.55
During the past 10 years, The Dust's highest ROC (Joel Greenblatt) % was 149.38%. The lowest was -553.66%. And the median was -57.79%.
WAR:THD's ROC (Joel Greenblatt) % is ranked worse than 62.48% of 549
companies
in the Interactive Media industry
Industry Median: 16.47
vs WAR:THD: -15.55
The Dust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The Dust (WAR:THD) 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.
The historical data trend for The Dust'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.
WAR:THD vs NTES, EA, TTWO: ROC (Joel Greenblatt) % Comparison
For the Electronic Gaming & Multimedia subindustry, The Dust'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.
The Dust ROC (Joel Greenblatt) % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, The Dust's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where The Dust'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:
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.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) 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.
What does a ROC (Joel Greenblatt) % of 13.97% mean?
The Dust (WAR:THD) has a ROC (Joel Greenblatt) % of 13.97% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on The Dust and its competitors. According to the industry distribution chart, The Dust ranks #343 out of 549 companies in the Interactive Media industry, placing it in the top 62.5%.
Is The Dust's ROC (Joel Greenblatt) % too high?
The Dust's current ROC (Joel Greenblatt) % is 13.97%. The Interactive Media industry median ROC (Joel Greenblatt) % is 16.47. The Dust's value of 13.97% is 15.2% below this industry median. Based on the distribution chart, The Dust ranks #343 out of 549 companies in the Interactive Media industry, which is below the industry midpoint. Overall, The Dust has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does The Dust's ROC (Joel Greenblatt) % compare to NTES and EA?
According to the Interactive Media industry distribution chart, The Dust ranks #343 out of 549 companies for ROC (Joel Greenblatt) %. This places The Dust in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 16.47. The Dust's value of 13.97% is 15.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for an Interactive Media company?
The median ROC (Joel Greenblatt) % among Interactive Media companies is 16.47, based on 549 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Dust's current ROC (Joel Greenblatt) % of 13.97% is 15.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on The Dust and its competitors. For the Interactive Media industry, the median ROC (Joel Greenblatt) % is 16.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Dust's current ROC (Joel Greenblatt) % is 13.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Dust stock overvalued right now?
The Dust (WAR:THD) has a current ROC (Joel Greenblatt) % of 13.97%. The current ROC (Joel Greenblatt) % is 13.97% and 15.2% below the Interactive Media industry median of 16.47. The Dust's overall GF Score™ is 17/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For The Dust (WAR:THD), the current ROC (Joel Greenblatt) % is 13.97% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
The Dust SA offers a range of tools in the field of advergaming, creating projects using AR and VR technologies and production of mobile games. The company offers Cyber Strike, Winnie Play, and others.
17GF Score
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