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Craven House Capital (LSE:CRV) ROC (Joel Greenblatt) % : 0.00% (As of Nov. 2023)


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What is Craven House 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. Craven House Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 0.00%.

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

LSE:CRV's ROC (Joel Greenblatt) % is not ranked *
in the Asset Management industry.
Industry Median: 49.08
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Craven House Capital ROC (Joel Greenblatt) % Historical Data

The historical data trend for Craven House 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.

Craven House Capital ROC (Joel Greenblatt) % Chart

Craven House Capital Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
ROC (Joel Greenblatt) %
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Craven House Capital Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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Competitive Comparison of Craven House Capital's ROC (Joel Greenblatt) %

For the Asset Management subindustry, Craven House 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.


Craven House Capital's ROC (Joel Greenblatt) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Craven House Capital's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Craven House 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: May. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 6.9388939039072E-18) - (0.072 + 0 + 0.037)
=-0.109

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.025 + 0 + 0) - (0.114 + 0 + 0)
=-0.089

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Craven House Capital for the quarter that ended in Nov. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Nov. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2023  Q: Nov. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.154/( ( (0 + max(-0.109, 0)) + (0 + max(-0.089, 0)) )/ 1 )
=-0.154/( ( 0 + 0 )/ 1 )
=-0.154/0
= %

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


Craven House Capital  (LSE:CRV) 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.


Craven House Capital ROC (Joel Greenblatt) % Related Terms

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Craven House Capital (LSE:CRV) Business Description

Traded in Other Exchanges
N/A
Address
776-778 Barking Road, London, GBR, E13 9PJ
Craven House Capital PLC is a United Kingdom-based market investment company. It adopts the traditional merchant banking approach whereby it identifies and invests in good quality and high growth operating companies with management that demonstrates the local knowledge and business acumen to thrive in the chosen market. The company's Investing Policy is to invest in or acquire a portfolio of companies, partnerships, joint ventures, businesses, or other assets participating in the e-Commerce sector.

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