GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brookfield Business Corp (NYSE:BBUC) » Definitions » ROC (Joel Greenblatt) %

BBUC (Brookfield Business) ROC (Joel Greenblatt) % : 0.00% (As of Sep. 2024)


View and export this data going back to 2022. Start your Free Trial

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

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

BBUC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.38   Med: 11.55   Max: 18.95
Current: 8.97

During the past 6 years, Brookfield Business's highest ROC (Joel Greenblatt) % was 18.95%. The lowest was 5.38%. And the median was 11.55%.

BBUC's ROC (Joel Greenblatt) % is ranked worse than
59.4% of 596 companies
in the Asset Management industry
Industry Median: 38.9 vs BBUC: 8.97

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


Brookfield Business ROC (Joel Greenblatt) % Historical Data

The historical data trend for Brookfield Business'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 Business ROC (Joel Greenblatt) % Chart

Brookfield Business Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 12.52 10.49 5.39 11.20 19.08

Brookfield Business Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.01 14.99 22.22 -1.21 -

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

For the Asset Management subindustry, Brookfield Business'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 Business's ROC (Joel Greenblatt) % Distribution in the Asset Management Industry

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

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



Brookfield Business 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)
=(1364 + 63 + 407) - (1618 + 514 + 2000)
=-2298

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1480 + 64 + 436) - (1781 + 479 + 2271)
=-2551

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Brookfield Business 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 )
=0/( ( (2671 + max(-2298, 0)) + (2773 + max(-2551, 0)) )/ 2 )
=0/( ( 2671 + 2773 )/ 2 )
=0/2722
=0.00 %

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 Business  (NYSE:BBUC) 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 Business ROC (Joel Greenblatt) % Related Terms

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


Brookfield Business Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 1500, P.O. Box 11117, Vancouver, BC, CAN, V6E 4N7
Brookfield Business Corp is a company established as a vehicle that owns and operates certain services and industrial operations on a global basis and an alternative vehicle for investors who prefer investing in its operations through a corporate structure. Its goal is to generate returns through long-term capital appreciation with a modest distribution yield.

Brookfield Business Headlines

From GuruFocus

Brookfield Business Corporation Completes 2021 Annual Filings

By GlobeNewswire GlobeNewswire 03-30-2022

Partners Group Holding AG Buys 3, Sells 2 in 2nd Quarter

By GuruFocus Research GuruFocus Editor 08-12-2022

Brookfield Business Corporation Completes 2022 Annual Filings

By sperokesalga sperokesalga 03-17-2023

Brookfield Business Corporation Completes 2022 Annual Filings

By GlobeNewswire GlobeNewswire 03-17-2023

Brookfield Business Corporation Completes 2021 Annual Filings

By GuruFocusNews GuruFocusNews 03-30-2022

Top 5 2nd Quarter Trades of BROOKFIELD ASSET MANAGEMENT INC.

By GuruFocus Research GuruFocus Editor 08-16-2022