>
Switch to:

Elementos ROC (Joel Greenblatt) %

: -11.41% (As of Dec. 2020)
View and export this data going back to . Start your Free Trial

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. Elementos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was -11.41%.

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

OTCPK:ELTLF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -199.51   Med: -35.92   Max: -14.46
Current: -14.46

-199.51
-14.46

During the past 12 years, Elementos's highest ROC (Joel Greenblatt) % was -14.46%. The lowest was -199.51%. And the median was -35.92%.

OTCPK:ELTLF's ROC (Joel Greenblatt) % is ranked lower than
99.99% of the 284 Companies
in the Metals & Mining industry.

( Industry Median: -45.07 vs. OTCPK:ELTLF: -14.46 )

Elementos's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.40% per year.


Elementos ROC (Joel Greenblatt) % Historical Data

The historical data trend for Elementos'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.

Elementos Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.76 -16.08 -35.05 -20.23 -15.04

Elementos Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
ROC (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only -43.06 -38.49 -12.20 -11.41 -17.86

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Elementos'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.

   

Elementos ROC (Joel Greenblatt) % Distribution

For the Metals & Mining industry and Basic Materials sector, Elementos's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Elementos 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: Jun. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.095238095238095 + 0 + -2.7755575615629E-17) - (0.35610766045549 + 0 + -0.0006901311249139)
=-0.26017943409248

Working Capital(Q: Dec. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.12876506024096 + 0 + -2.2204460492503E-16) - (0.63855421686747 + 0 + 0)
=-0.50978915662651

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Elementos for the quarter that ended in Dec. 2020 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2020  Q: Dec. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.81174698795181/( ( (6.5238095238095 + max(-0.26017943409248, 0)) + (7.7055722891566 + max(-0.50978915662651, 0)) )/ 2 )
=-0.81174698795181/( ( 6.5238095238095 + 7.7055722891566 )/ 2 )
=-0.81174698795181/7.1146909064831
=-11.41 %

Note: The EBIT data used here is two times the semi-annual (Dec. 2020) 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.


Elementos  (OTCPK:ELTLF) 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.


Elementos ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Elementos's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Elementos Business Description

Elementos logo
Industry
Basic Materials » Metals & Mining NAICS : 212221 SIC : 1081
Traded in Other Exchanges
Address
10 Market Street, Level 6, P.O Box 10555, Brisbane, QLD, AUS, 4000
Elementos Ltd is engaged in the exploration and development of tin mining projects in Australia. The projects of the company include the Cleveland project in Tasmania, and the Oropesa tin project in Andalucia, Spain.

Elementos Headlines

No Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)