GURUFOCUS.COM » STOCK LIST » Technology » Software » Alkami Technology Inc (NAS:ALKT) » Definitions » ROC (Joel Greenblatt) %

Alkami Technology (Alkami Technology) ROC (Joel Greenblatt) % : -94.13% (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Alkami Technology 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. Alkami Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -94.13%.

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

ALKT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -394.86   Med: -344.69   Max: -118.74
Current: -118.74

During the past 5 years, Alkami Technology's highest ROC (Joel Greenblatt) % was -118.74%. The lowest was -394.86%. And the median was -344.69%.

ALKT's ROC (Joel Greenblatt) % is ranked worse than
74.84% of 2762 companies
in the Software industry
Industry Median: 13.21 vs ALKT: -118.74

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


Alkami Technology ROC (Joel Greenblatt) % Historical Data

The historical data trend for Alkami Technology'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.

Alkami Technology ROC (Joel Greenblatt) % Chart

Alkami Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
-368.67 -394.86 -344.69 -236.78 -138.30

Alkami Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -157.95 -154.19 -133.06 -103.63 -94.13

Competitive Comparison of Alkami Technology's ROC (Joel Greenblatt) %

For the Software - Application subindustry, Alkami Technology'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.


Alkami Technology's ROC (Joel Greenblatt) % Distribution in the Software Industry

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

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



Alkami Technology 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)
=(30.111 + 0 + 20.963) - (25.899 + 10.984 + 1.342)
=12.849

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.016 + 0 + 22.612) - (20.719 + 12.497 + 2.716)
=15.696

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Alkami Technology 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 )
=-44.684/( ( (32.7 + max(12.849, 0)) + (33.696 + max(15.696, 0)) )/ 2 )
=-44.684/( ( 45.549 + 49.392 )/ 2 )
=-44.684/47.4705
=-94.13 %

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.


Alkami Technology  (NAS:ALKT) 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.


Alkami Technology ROC (Joel Greenblatt) % Related Terms

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


Alkami Technology (Alkami Technology) Business Description

Traded in Other Exchanges
Address
5601 Granite Parkway, Suite 120, Plano, TX, USA, 75024
Alkami is a cloud-based digital banking solutions provider. Alkami Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency with the support of a proprietary, true cloud-based, multi-tenant architecture.
Executives
W Bryan Hill officer: Chief Financial Officer
Douglas A. Linebarger officer: Chief Legal Officer C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Stephen Bohanon officer: Chf. Strategist & Sales Offr. C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Maria Ines Alvarez director C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Michael D Hansen director, officer: Chief Executive Officer
Kristy Ramundi officer: Chief Accounting Officer C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Alex Shootman director, officer: Chief Executive Officer 1301 S. MOPAC EXPRESSWAY, SUITE 100, AUSTIN TX 78746
Barbara A. Yastine director 3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Raphael Osnoss director C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Gary Lynn Nelson director C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
H Eugene Lockhart director OAK HILL FARM, P.O. BOX 489, 4125 LOUISA ROAD, KESWICK VA 22947
Charles Kane director 289 TURNPIKE RD, WESTBORO MA 01581
Christopher Todd Clark director 3250 BRIAR PARK, SUITE 400, HOUSTON TX 77042
Merline Saintil director 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Steven R Mitchell director C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532