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Rothschild SCA (Rothschild SCA) ROC (Joel Greenblatt) % : 110.25% (As of Jun. 2023)


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What is Rothschild SCA 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. Rothschild SCA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 110.25%.

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

PIEJF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 43.27   Med: 88.55   Max: 245.14
Current: 118.59

During the past 13 years, Rothschild SCA's highest ROC (Joel Greenblatt) % was 245.14%. The lowest was 43.27%. And the median was 88.55%.

PIEJF's ROC (Joel Greenblatt) % is not ranked
in the Capital Markets industry.
Industry Median: 37.69 vs PIEJF: 118.59

Rothschild SCA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 22.70% per year.


Rothschild SCA ROC (Joel Greenblatt) % Historical Data

The historical data trend for Rothschild SCA'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.

Rothschild SCA ROC (Joel Greenblatt) % Chart

Rothschild SCA Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 150.28 108.55 78.85 235.94 202.41

Rothschild SCA Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 Premium Member Only Premium Member Only 218.70 262.74 105.16 140.21 110.25

Competitive Comparison of Rothschild SCA's ROC (Joel Greenblatt) %

For the Capital Markets subindustry, Rothschild SCA'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.


Rothschild SCA's ROC (Joel Greenblatt) % Distribution in the Capital Markets Industry

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

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



Rothschild SCA 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. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(264.465 + 0 + 82.887000000001) - (248.761 + 0 + 1122.873)
=-1024.282

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(270.709 + 0 + 126.7) - (903.879 + 0 + 698.287)
=-1204.757

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Rothschild SCA for the quarter that ended in Jun. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=546.716/( ( (494.697 + max(-1024.282, 0)) + (497.1 + max(-1204.757, 0)) )/ 2 )
=546.716/( ( 494.697 + 497.1 )/ 2 )
=546.716/495.8985
=110.25 %

Note: The EBIT data used here is two times the semi-annual (Jun. 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.


Rothschild SCA  (OTCPK:PIEJF) 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.


Rothschild SCA ROC (Joel Greenblatt) % Related Terms

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Rothschild SCA (Rothschild SCA) Business Description

Traded in Other Exchanges
N/A
Address
23 bis, Avenue de Messine, Paris, FRA, 75008
Rothschild & Co SCA is a financial advisory group that provides merger and acquisition, strategy and financing advice, as well as investment and wealth management solutions to large institutions, families, individuals, and governments globally. The company operates through three divisions: Rothschild Global Advisory, which offers merger and acquisition, strategy, and financing solutions to clients; Rothschild Private Wealth & Rothschild Asset Management, which provides investing, structuring, and safeguarding solutions; and Rothschild Merchant Banking, which is engaged in corporate private equity, managed funds, direct lending, and credit management. Its geographical segments are France, United Kingdom & Channel Islands, Americas, Rest of Europe, Switzerland, Australia & Asia, and others.

Rothschild SCA (Rothschild SCA) Headlines

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