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SSIF BRK Financial Group (BSE:BRK) ROC (Joel Greenblatt) % : -360.09% (As of Jun. 2023)


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What is SSIF BRK Financial 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. SSIF BRK Financial Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -360.09%.

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

BSE:BRK' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -199.89   Med: -4.45   Max: 275.44
Current: -50.74

During the past 13 years, SSIF BRK Financial Group's highest ROC (Joel Greenblatt) % was 275.44%. The lowest was -199.89%. And the median was -4.45%.

BSE:BRK's ROC (Joel Greenblatt) % is ranked worse than
81.91% of 658 companies
in the Capital Markets industry
Industry Median: 37.675 vs BSE:BRK: -50.74

SSIF BRK Financial Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


SSIF BRK Financial Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for SSIF BRK Financial 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.

* Premium members only.

SSIF BRK Financial Group ROC (Joel Greenblatt) % Chart

SSIF BRK Financial Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 126.99 24.79 275.44 -199.89 -49.79

SSIF BRK Financial Group Quarterly Data
Dec15 Dec16 Mar17 Dec17 Mar18 Dec18 Jun19 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Dec23
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 -89.14 - 140.87 -360.09 -

Competitive Comparison of SSIF BRK Financial Group's ROC (Joel Greenblatt) %

For the Capital Markets subindustry, SSIF BRK Financial 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.


SSIF BRK Financial Group's ROC (Joel Greenblatt) % Distribution in the Capital Markets Industry

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

* The bar in red indicates where SSIF BRK Financial Group's ROC (Joel Greenblatt) % falls into.



SSIF BRK Financial 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: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.08 + 0 + 52.401) - (110.932 + 0 + 1.423)
=-57.874

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.123 + 8.775 + 212.593) - (277.406 + 0 + 1.149)
=-53.064

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of SSIF BRK Financial Group 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: Mar. 2023  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-31.276/( ( (8.499 + max(-57.874, 0)) + (8.872 + max(-53.064, 0)) )/ 2 )
=-31.276/( ( 8.499 + 8.872 )/ 2 )
=-31.276/8.6855
=-360.09 %

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


SSIF BRK Financial Group  (BSE:BRK) 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.


SSIF BRK Financial Group ROC (Joel Greenblatt) % Related Terms

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SSIF BRK Financial Group (BSE:BRK) Business Description

Traded in Other Exchanges
N/A
Address
Calea Motilor No. 119, Cluj-Napoca, ROU, 400045
SSIF BRK Financial Group SA is a Romania based financial investment services company. It offers services for its retail and institutional clients. It operates in two segments, 1) The intermediary segment refers to all the transaction intermediation services offered to individual investors and companies, as well as to the specialized services offered to institutional clients. 2) Own portfolio management segment.

SSIF BRK Financial Group (BSE:BRK) Headlines

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