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BAM (Brookfield Asset Management) ROC (Joel Greenblatt) % : 0.00% (As of Sep. 2024)


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What is Brookfield Asset Management 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. Brookfield Asset Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.00%.

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

BAM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 38.86   Med: 758.1   Max: 7775
Current: 583.07

During the past 4 years, Brookfield Asset Management's highest ROC (Joel Greenblatt) % was 7775.00%. The lowest was 38.86%. And the median was 758.10%.

BAM's ROC (Joel Greenblatt) % is ranked better than
78.49% of 595 companies
in the Asset Management industry
Industry Median: 38.18 vs BAM: 583.07

Brookfield Asset Management's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Brookfield Asset Management ROC (Joel Greenblatt) % Historical Data

The historical data trend for Brookfield Asset Management'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.

Brookfield Asset Management ROC (Joel Greenblatt) % Chart

Brookfield Asset Management Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
- 7,775.00 37.93 767.65

Brookfield Asset Management Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 793.85 - - - -

Competitive Comparison of Brookfield Asset Management's ROC (Joel Greenblatt) %

For the Asset Management subindustry, Brookfield Asset Management'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.


Brookfield Asset Management's ROC (Joel Greenblatt) % Distribution in the Asset Management Industry

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

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



Brookfield Asset Management 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (925 + 0 + 0)
=-925

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (866 + 0 + 0)
=-866

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Brookfield Asset Management for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=640/( ( (0 + max(-925, 0)) + (0 + max(-866, 0)) )/ 1 )
=640/( ( 0 + 0 )/ 1 )
=640/0
= %

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


Brookfield Asset Management  (NYSE:BAM) 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.


Brookfield Asset Management ROC (Joel Greenblatt) % Related Terms

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Brookfield Asset Management Business Description

Traded in Other Exchanges
Address
181 Bay Street, Suite 100, Brookfield Place, Toronto, ON, CAN, M5H 2T3
Brookfield Asset Management Ltd engages in providing alternative asset management services through an ownership interest in a alternative asset management business. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.