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Churchill Capital VI (Churchill Capital VI) ROC (Joel Greenblatt) % : 0.00% (As of Sep. 2023)


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What is Churchill Capital VI 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. Churchill Capital VI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 0.00%.

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

CCVI.U' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -855.08   Med: -326.86   Max: -287.05
Current: -855.08

During the past 3 years, Churchill Capital VI's highest ROC (Joel Greenblatt) % was -287.05%. The lowest was -855.08%. And the median was -326.86%.

CCVI.U's ROC (Joel Greenblatt) % is not ranked
in the Diversified Financial Services industry.
Industry Median: -30.38 vs CCVI.U: -855.08

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


Churchill Capital VI ROC (Joel Greenblatt) % Historical Data

The historical data trend for Churchill Capital VI'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.

Churchill Capital VI ROC (Joel Greenblatt) % Chart

Churchill Capital VI Annual Data
Trend Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
- -366.67 -287.05

Churchill Capital VI Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -603.39 - - - -

Competitive Comparison of Churchill Capital VI's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, Churchill Capital VI'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.


Churchill Capital VI's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Churchill Capital VI's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Churchill Capital VI's ROC (Joel Greenblatt) % falls into.



Churchill Capital VI 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.439) - (3.848 + 0 + 0)
=-3.409

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.269) - (4.114 + 0 + 0)
=-3.845

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Churchill Capital VI for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.648/( ( (0 + max(-3.409, 0)) + (0 + max(-3.845, 0)) )/ 1 )
=-1.648/( ( 0 + 0 )/ 1 )
=-1.648/0
= %

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


Churchill Capital VI  (NYSE:CCVI.U) 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.


Churchill Capital VI ROC (Joel Greenblatt) % Related Terms

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


Churchill Capital VI (Churchill Capital VI) Business Description

Traded in Other Exchanges
N/A
Address
640 Fifth Avenue, 12th Floor, New York, NY, USA, 10019
Churchill Capital Corp VI is a blank check company.
Executives
Frank Brosens 10 percent owner C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors Uk Llp 10 percent owner 55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY
Taconic Capital Advisors Lp 10 percent owner 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Alan Schrager director C/O OHA INVESTMENT CORPORATION, 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Andrew Frankle director 640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Stephen Anthony Murphy director 640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Michael Stuart Klein director, 10 percent owner, officer: See Remarks C/O DAVIS POLK & WARDWELL, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Mark D Klein director 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Karen G Mills director C/O SCOTTS CO, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Glenn R August director C/O OHA - 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
M. Klein Associates, Inc. 10 percent owner 640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Malcolm Stephen Mcdermid director C/O CTC MY CFO, P.O. BOX 10195, DEPT. 1173, PALO ALTO CA 94303
Bonnie Jonas director 640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Lee Jay Taragin officer: Chief Financial Officer 640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Churchill Sponsor Vi Llc 10 percent owner 640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019