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Mag Mile Capital (Mag Mile Capital) ROC (Joel Greenblatt) % : -216.51% (As of Dec. 2023)


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What is Mag Mile Capital 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. Mag Mile Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -216.51%.

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

MMCP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -474.62   Med: -474.62   Max: -343.46
Current: -343.46

During the past 3 years, Mag Mile Capital's highest ROC (Joel Greenblatt) % was -343.46%. The lowest was -474.62%. And the median was -474.62%.

MMCP's ROC (Joel Greenblatt) % is not ranked
in the Banks industry.
Industry Median: 62.76 vs MMCP: -343.46

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


Mag Mile Capital ROC (Joel Greenblatt) % Historical Data

The historical data trend for Mag Mile Capital'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.

Mag Mile Capital ROC (Joel Greenblatt) % Chart

Mag Mile Capital Annual Data
Trend Jul21 Jul22 Dec23
ROC (Joel Greenblatt) %
- - -474.62

Mag Mile Capital Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -1,302.37 - -216.51

Competitive Comparison of Mag Mile Capital's ROC (Joel Greenblatt) %

For the Mortgage Finance subindustry, Mag Mile Capital'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.


Mag Mile Capital's ROC (Joel Greenblatt) % Distribution in the Banks Industry

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

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



Mag Mile Capital 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: Jul. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.365 + 0 + 0.00099999999999989) - (0.071 + 0 + 0.001)
=0.294

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.394) - (0.074 + 0 + 2.7755575615629E-17)
=0.32

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Mag Mile Capital for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.416/( ( (0.23 + max(0.294, 0)) + (0.334 + max(0.32, 0)) )/ 2 )
=-1.416/( ( 0.524 + 0.654 )/ 2 )
=-1.416/0.589
=-240.41 %

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


Mag Mile Capital  (OTCPK:MMCP) 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.


Mag Mile Capital ROC (Joel Greenblatt) % Related Terms

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Mag Mile Capital (Mag Mile Capital) Business Description

Traded in Other Exchanges
N/A
Address
7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046
Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines