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CCC Intelligent Solutions Holdings (CCC Intelligent Solutions Holdings) ROC (Joel Greenblatt) % : 21.52% (As of Mar. 2024)


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What is CCC Intelligent Solutions Holdings 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. CCC Intelligent Solutions Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.52%.

The historical rank and industry rank for CCC Intelligent Solutions Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:

CCCS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -146.98   Med: 18.35   Max: 50.58
Current: -11.42

During the past 5 years, CCC Intelligent Solutions Holdings's highest ROC (Joel Greenblatt) % was 50.58%. The lowest was -146.98%. And the median was 18.35%.

CCCS's ROC (Joel Greenblatt) % is ranked worse than
60.78% of 2761 companies
in the Software industry
Industry Median: 12.96 vs CCCS: -11.42

CCC Intelligent Solutions Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


CCC Intelligent Solutions Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for CCC Intelligent Solutions Holdings'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.

CCC Intelligent Solutions Holdings ROC (Joel Greenblatt) % Chart

CCC Intelligent Solutions Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
- 50.58 -146.98 47.26 -10.56

CCC Intelligent Solutions Holdings Quarterly Data
Dec19 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 29.80 -161.47 -8.90 101.81 21.52

Competitive Comparison of CCC Intelligent Solutions Holdings's ROC (Joel Greenblatt) %

For the Software - Infrastructure subindustry, CCC Intelligent Solutions Holdings'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.


CCC Intelligent Solutions Holdings's ROC (Joel Greenblatt) % Distribution in the Software Industry

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

* The bar in red indicates where CCC Intelligent Solutions Holdings's ROC (Joel Greenblatt) % falls into.



CCC Intelligent Solutions Holdings 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)
=(102.365 + 0 + 50.264) - (34.326 + 43.567 + 60.226)
=14.51

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(102.007 + 0 + 49.987) - (48.669 + 45.254 + 26.787)
=31.284

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of CCC Intelligent Solutions Holdings 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 )
=46.472/( ( (190.872 + max(14.51, 0)) + (195.311 + max(31.284, 0)) )/ 2 )
=46.472/( ( 205.382 + 226.595 )/ 2 )
=46.472/215.9885
=21.52 %

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.


CCC Intelligent Solutions Holdings  (NAS:CCCS) 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.


CCC Intelligent Solutions Holdings ROC (Joel Greenblatt) % Related Terms

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CCC Intelligent Solutions Holdings (CCC Intelligent Solutions Holdings) Business Description

Traded in Other Exchanges
Address
167 North Green Street, 9th Floor, Chicago, IL, USA, 60607
CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.
Executives
Lauren Young director C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Advent International Corp/ma director, 10 percent owner 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Eric Wei director C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Christopher Egan director 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent International Gp, Llc director, 10 percent owner 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Rodney Christo officer: Chief Accounting Officer 222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Brian Herb officer: See Remarks 222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Eileen Schloss director C/O MEDIDATA SOLUTIONS, INC., 79 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10003
Marc Fredman officer: See Remarks 222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Mary Jo Prigge officer: See Remarks
John Page Goodson officer: Chief Technology Officer 14 OAK PARK DRIVE, BEDFORD MA 01730
Michael John Silva officer: See Remarks 222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
William Ingram director C/O LEAP WIRELESS INTERNATIONAL, INC., 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Cypress Investor Holdings, Lp director, 10 percent owner PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Oh Cypress Aggregator, L.p. director ONE STAMFORD PLAZA, 262 TRESSER BOULEVARD, 15TH FLOOR, STAMFORD CT 06901