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Bow Lake Capital (TSXV:BLCC.P) ROC (Joel Greenblatt) % : 0.00% (As of Mar. 2024)


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What is Bow Lake 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. Bow Lake Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.00%.

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

During the past 3 years, Bow Lake Capital's highest ROC (Joel Greenblatt) % was -293.55%. The lowest was -293.55%. And the median was -293.55%.

TSXV:BLCC.P's ROC (Joel Greenblatt) % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -26.29
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Bow Lake Capital ROC (Joel Greenblatt) % Historical Data

The historical data trend for Bow Lake 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.

Bow Lake Capital ROC (Joel Greenblatt) % Chart

Bow Lake Capital Annual Data
Trend Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
- -293.55 -

Bow Lake Capital Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Bow Lake Capital's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, Bow Lake 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.


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

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

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



Bow Lake 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.006 + 0 + 0)
=-0.006

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.003 + 0 + 0)
=-0.003

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bow Lake Capital for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.044/( ( (0 + max(-0.006, 0)) + (0 + max(-0.003, 0)) )/ 1 )
=-0.044/( ( 0 + 0 )/ 1 )
=-0.044/0
= %

Note: The EBIT data used here is four times the quarterly (Mar. 2024) 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.


Bow Lake Capital  (TSXV:BLCC.P) 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.


Bow Lake Capital ROC (Joel Greenblatt) % Related Terms

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Bow Lake Capital (TSXV:BLCC.P) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
400 - 5th Avenue SW, 300 Roslyn Building, Calgary, AB, CAN, T2P 0L6
Website
Bow Lake Capital Corp is a capital pool company.

Bow Lake Capital (TSXV:BLCC.P) Headlines

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