GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fast Finance24 Holding AG (XTER:FF24) » Definitions » ROC (Joel Greenblatt) %

Fast Finance24 Holding AG (XTER:FF24) ROC (Joel Greenblatt) % : -42.52% (As of Dec. 2021)


View and export this data going back to 2012. Start your Free Trial

What is Fast Finance24 Holding AG 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. Fast Finance24 Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was -42.52%.

The historical rank and industry rank for Fast Finance24 Holding AG's ROC (Joel Greenblatt) % or its related term are showing as below:

XTER:FF24's ROC (Joel Greenblatt) % is not ranked *
in the Credit Services industry.
Industry Median: 35.34
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Fast Finance24 Holding AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Fast Finance24 Holding AG ROC (Joel Greenblatt) % Historical Data

The historical data trend for Fast Finance24 Holding AG'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.

Fast Finance24 Holding AG ROC (Joel Greenblatt) % Chart

Fast Finance24 Holding AG Annual Data
Trend Dec12 Dec13 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.92 9.78

Fast Finance24 Holding AG Quarterly Data
Dec13 Jun14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Dec22
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 - - - -42.52 -

Competitive Comparison of Fast Finance24 Holding AG's ROC (Joel Greenblatt) %

For the Credit Services subindustry, Fast Finance24 Holding AG'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.


Fast Finance24 Holding AG's ROC (Joel Greenblatt) % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Fast Finance24 Holding AG's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Fast Finance24 Holding AG's ROC (Joel Greenblatt) % falls into.



Fast Finance24 Holding AG 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: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.014 + 0 + -2.2204460492503E-16) - (0.117 + 0 + 0.389)
=-0.492

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38.847 + 0 + 0.444) - (0.261 + 0 + 0.122)
=38.908

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Fast Finance24 Holding AG for the quarter that ended in Dec. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2021  Q: Dec. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-16.544/( ( (0 + max(-0.492, 0)) + (0 + max(38.908, 0)) )/ 1 )
=-16.544/( ( 0 + 38.908 )/ 1 )
=-16.544/38.908
=-42.52 %

Note: The EBIT data used here is four times the quarterly (Dec. 2021) 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.


Fast Finance24 Holding AG  (XTER:FF24) 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.


Fast Finance24 Holding AG ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Fast Finance24 Holding AG's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Fast Finance24 Holding AG (XTER:FF24) Business Description

Traded in Other Exchanges
N/A
Address
Uhlandstrasse 165/166, Berlin, DEU, 10719
Fast Finance24 Holding AG is involved in providing different online products for consumer credits such as FF24 Rent, FF24 payments and FF24 Pay offering financial services to benefit the underbanked people facing a short-term economic issue. It also consists of other products such as FF24 Trade, FF24 invest and OK.de. FF24 Rent platform is optimised for both desktop and mobile devices. This means that a customer can instantly request a loan on the go, whenever and wherever he needs it.

Fast Finance24 Holding AG (XTER:FF24) Headlines

No Headlines