Golden Minerals Co (Golden Minerals Co) ROC (Joel Greenblatt) % : -88.77% (As of Dec. 2023)

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What is Golden Minerals Co 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. Golden Minerals Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -88.77%.

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

AUMN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -144.4 Med: -85.83 Max: -0.93
Current: -144.15

During the past 13 years, Golden Minerals Co's highest ROC (Joel Greenblatt) % was -0.93%. The lowest was -144.40%. And the median was -85.83%.

AUMN's ROC (Joel Greenblatt) % is ranked worse than
79.28% of 2573 companies
in the Metals & Mining industry
Industry Median: -19.61 vs AUMN: -144.15

Golden Minerals Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -105.40% per year.

Golden Minerals Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Golden Minerals Co'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.

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Golden Minerals Co ROC (Joel Greenblatt) % Chart

Golden Minerals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

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-74.85

-133.70

-18.24

-144.40

-143.85

Golden Minerals Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															-235.54	-195.11	-100.77	-188.52	-88.77

Competitive Comparison of Golden Minerals Co's ROC (Joel Greenblatt) %

For the Other Precious Metals & Mining subindustry, Golden Minerals Co'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.

Golden Minerals Co's ROC (Joel Greenblatt) % Distribution in the Metals & Mining Industry

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

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

Golden Minerals Co 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: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.305	+	0.897)	-	(3.671	+	0	+	1.803)
=	-4.272

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.83	+	1.125)	-	(3.868	+	0	+	1.7)
=	-3.613

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Golden Minerals Co 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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.34	/	( ( (6.1 + max(-4.272, 0))	+	(5.931 + max(-3.613, 0)) )	/	2 )
=	-5.34	/	( ( 6.1	+	5.931 )	/	2 )
=	-5.34	/	6.0155
=	-88.77 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Golden Minerals Co (AMEX:AUMN) 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.

Golden Minerals Co ROC (Joel Greenblatt) % Related Terms

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

Golden Minerals Co (Golden Minerals Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Minerals Co (AMEX:AUMN) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

AUMN:Canada

Address

350 Indiana Street, Suite 650, Golden, CO, USA, 80401

Website

https://www.goldenminerals.com

Golden Minerals Co is an exploration stage company engaged in the mining, construction, and exploration of precious metals and mineral properties. It owns and operates Velardena and Chicago precious metals mining properties and associated oxide and sulfide processing plants in the State of Durango, Mexico, the El Quevar exploration property in the province of Salta, Argentina, and a diversified portfolio of precious metals and other mineral exploration properties located in or near historical precious metals producing regions of Mexico. The company's business is structured into two divisions, Mexico operations, and Corporate Exploration and Other.

Executives

Pablo Castanos	officer: Executive Vice President	350 INDIANA STREET, SUITE 650, GOLDEN CO 80401
Andrew Pullar	director	LANDMARK SQUARE, 1ST FL., 64 EARTH CLOSE, WEST BAY BEACH SOUTH, P.O. BOX 10795, GRAND CAYMAN E9 KY1-1007
William Durand Eppler	director	165 GILPIN STREET, DENVER CO 80218
David Watkins	director	1717 SASAMAT STREET, VANCOUVER A1 V6R 4S3
John Galassini	officer: Chief Operating Officer	350 INDIANA STREET, SUITE 650, GOLDEN CO 80401
Julie Weedman	officer: Senior VP and CFO	350 INDIANA STREET, SUITE 650, GOLDEN CO 80401
Robert P Vogels	officer: VP, Principal Acct Officer	1700 LINCOLN STREET, SUITE 3050, DENVER CO 80203
Sentient Global Resources Fund Iii, Lp	10 percent owner	P O BOX 10795, HARBOUR CENTER, GEORGETOWN E9 KY1-1007
Warren Rehn	officer: SVP Exploration/Chief Geol.	350 INDIANA STREET, SUITE 800, GOLDEN CO 80401
Jeffrey G Clevenger	director, officer: Chief Executive Officer	1700 LINCOLN STREET, SUITE 3050, DENVER CO 80203
Deborah J Friedman	officer: Sr VP, Gen. Coun. & Corp. Secy	1700 LINCOLN STREET, SUITE 3050, DENVER CO 80203
Sentient Gp Iv, Lp	other: General Partner	P O BOX 10795, GRANDY CAYMAN KY1-1007 E9 00000
Sentient Global Resources Fund Iv, L.p.	10 percent owner	LANDMARK SQUARE, 64 EARTH CLOSE, WEST BAY BEACH SOUTH, GEORGE TOWN, GRAND CAYMAN E9 KY1-1107
Sentient Executive Gp Iv, Ltd	10 percent owner	P O BOX 10795, GRAND CAYMAN E9 KY1-1007
Michael Thomas Mason	director	142 STRATFORD AVE, GARDEN CITY NY 11530