Global Tech Industries Group (Global Tech Industries Group) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2023)

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What is Global Tech Industries Group 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 Tech Industries Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

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

GTII' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9779800 Med: -85933.33 Max: -1264.49
Current: -9779800

During the past 13 years, Global Tech Industries Group's highest ROC (Joel Greenblatt) % was -1264.49%. The lowest was -9779800.00%. And the median was -85933.33%.

GTII's ROC (Joel Greenblatt) % is ranked worse than
100% of 522 companies
in the Conglomerates industry
Industry Median: 14.67 vs GTII: -9779800.00

Global Tech Industries Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.

Global Tech Industries Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for Global Tech Industries Group'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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Global Tech Industries Group ROC (Joel Greenblatt) % Chart

Global Tech Industries Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

Get a 7-Day Free Trial

-85,933.33

-1,264.49

-2,843.29

-9,779,700.00

Global Tech Industries Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															-3,813,200.00	-29,029,200.00	-2,966,800.00	-	-

Competitive Comparison of Global Tech Industries Group's ROC (Joel Greenblatt) %

For the Conglomerates subindustry, Global Tech Industries Group'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 Tech Industries Group's ROC (Joel Greenblatt) % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Global Tech Industries Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Global Tech Industries Group's ROC (Joel Greenblatt) % falls into.

Global Tech Industries Group 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. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(2.211	+	0	+	4.4408920985006E-16)
=	-2.211

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.017)	-	(2.93	+	0	+	0)
=	-2.913

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Global Tech Industries Group for the quarter that ended in Dec. 2023 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-71.264	/	( ( (0 + max(-2.211, 0))	+	(0 + max(-2.913, 0)) )	/	1 )
=	-71.264	/	( ( 0	+	0 )	/	1 )
=	-71.264	/	0
=	%

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Global Tech Industries Group (OTCPK:GTII) 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 Tech Industries Group ROC (Joel Greenblatt) % Related Terms

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

Global Tech Industries Group (Global Tech Industries Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Global Tech Industries Group Inc (OTCPK:GTII) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

511 Sixth Avenue, Suite 800, New York, NY, USA, 10011

Website

https://www.gtii-us.com

Global Tech Industries Group Inc currently has no operations. It is seeking opportunities to utilize its intellectual properties and relationships with valued business associates.

Executives

David I Reichman	director, officer: CEO and President	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Frank Benintendo	director	11 SEAMAN COURT, OLD BRIDGE NJ 08857
Don Harold Gilbert	director	PO BOX 090122, STATEN ISLAND NY 10309
Kathy M Griffin	director, officer: President	98 BLACK ROCK DRIVE, HINGHAM MA 02043
Global Tech Industries Group, Inc.	director, 10 percent owner, officer: Chief Executive Officer	511 SIXTH AVENUE, SUITE 800, NEW YORK NY 10011
Tree Top Industries, Inc. Profit Sharing Plan Trust	other: Employee Trust	40 CENTRAL PARK SOUTH, 8H, NEW YORK NY 10019
Robert Hantman	director	511 SIXTH AVENUE, SUITE 800, NEW YORK NY 10011
Michael Valle	director	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
L G Davis	10 percent owner	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Justine Reichman	10 percent owner	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Trisha Woods	10 percent owner, officer: President of Wholly-Owned Sub.	1041 N. FORMOSA AVE., WRITERS' BLDG 2 & 3, WEST HOLLYWOOD CA 90046
James Black	10 percent owner	1041 N. FORMOSA AVE., WRITERS' BLDG 2 & 3, WEST HOLLYWOOD CA 90046