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Global Technology Acquisition I (Global Technology Acquisition I) ROC (Joel Greenblatt) % : 0.00% (As of Mar. 2024)


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What is Global Technology Acquisition I 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. Global Technology Acquisition I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.00%.

The historical rank and industry rank for Global Technology Acquisition I's ROC (Joel Greenblatt) % or its related term are showing as below:

GTAC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1449.33   Med: -992.11   Max: -534.88
Current: -1164.65

During the past 3 years, Global Technology Acquisition I's highest ROC (Joel Greenblatt) % was -534.88%. The lowest was -1449.33%. And the median was -992.11%.

GTAC's ROC (Joel Greenblatt) % is ranked worse than
79.6% of 299 companies
in the Diversified Financial Services industry
Industry Median: -12.45 vs GTAC: -1164.65

Global Technology Acquisition I's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Global Technology Acquisition I ROC (Joel Greenblatt) % Historical Data

The historical data trend for Global Technology Acquisition I'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.

Global Technology Acquisition I ROC (Joel Greenblatt) % Chart

Global Technology Acquisition I Annual Data
Trend Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
- -534.88 -1,449.33

Global Technology Acquisition I Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -795.96 -1,232.52 - - -

Competitive Comparison of Global Technology Acquisition I's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, Global Technology Acquisition I'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.


Global Technology Acquisition I's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Global Technology Acquisition I's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Global Technology Acquisition I's ROC (Joel Greenblatt) % falls into.



Global Technology Acquisition I 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)
=(0 + 0 + 0.065) - (0.097 + 0 + 0)
=-0.032

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.073) - (0.171 + 0 + -1.1102230246252E-16)
=-0.098

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Global Technology Acquisition I for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.052/( ( (0 + max(-0.032, 0)) + (0 + max(-0.098, 0)) )/ 1 )
=-1.052/( ( 0 + 0 )/ 1 )
=-1.052/0
= %

Note: The EBIT data used here is four times the quarterly (Mar. 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.


Global Technology Acquisition I  (NAS:GTAC) 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.


Global Technology Acquisition I ROC (Joel Greenblatt) % Related Terms

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Global Technology Acquisition I (Global Technology Acquisition I) Business Description

Traded in Other Exchanges
N/A
Address
19 West 24th Street, 10th Floor, New York, NY, USA, 10010
Global Technology Acquisition Corp I is a blank check company.
Executives
Ainslie Lee S Iii 10 percent owner
Maverick Long Fund, Ltd. 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Long Enhanced Fund, Ltd. 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Fund Usa Ltd 10 percent owner
Maverick Fund Ii Ltd 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Capital Management Llc 10 percent owner 300 CRESCENT COURT, 18TH FLOOR, DALLAS TX 75201
Maverick Capital Ltd 10 percent owner 1900 N. PEARL STREET, 20TH FLOOR, DALLAS TX 75201
Aleksander Baranski officer: See remarks C/O GLOBAL TECHNOLOGY ACQUISITION CORP., 19 W 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Global Technology Acquisition I Sponsor Lp 10 percent owner 19 WEST 24TH ST., 10TH FLOOR, NEW YORK NY 10010
Global Technology Acquisition I Sponsor Gp Ltd 10 percent owner 19 WEST 24TH ST., 10TH FLOOR, NEW YORK NY 10010
Juan Villalonga director 601 N FARING RD, LOS ANGELES CA 90077
Claudia Gast director, officer: CFO & Secretary C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Jeffrey Stewart Weinstein officer: Chief Strategy Officer C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Fabrice Grinda director C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Arnau Porto Dolc director, officer: Chief Executive Officer C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010