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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. Bravo Multinational's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.00%.
The historical rank and industry rank for Bravo Multinational's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, Bravo Multinational's highest ROC (Joel Greenblatt) % was -838.46%. The lowest was -162600.00%. And the median was -1837.74%.
Bravo Multinational's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for Bravo Multinational'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.
Bravo Multinational Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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Bravo Multinational Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | 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 |
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For the Gambling subindustry, Bravo Multinational'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.
For the Travel & Leisure industry and Consumer Cyclical sector, Bravo Multinational's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bravo Multinational's ROC (Joel Greenblatt) % falls into.
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) | - | (0.638 | + | 0 | + | 0) |
= | -0.638 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 0) | - | (0.701 | + | 0 | + | 0) |
= | -0.701 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Bravo Multinational 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 ) |
= | -0.248 | / | ( ( (0 + max(-0.638, 0)) | + | (0 + max(-0.701, 0)) ) | / | 1 ) |
= | -0.248 | / | ( ( 0 | + | 0 ) | / | 1 ) |
= | -0.248 | / | 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.
Bravo Multinational (OTCPK:BRVO) 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.
Thank you for viewing the detailed overview of Bravo Multinational's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Merle Ferguson | director, 10 percent owner, officer: CEO/Chairman | 2020 GENERAL BOOTH BLVD., SUITE 230, VIRGINIA BEACH VA 23454 |
Kayla Slick | director, officer: COO | 4413 TRIPOLI DRIVE, LAFAYETTE IN 47909 |
Grant Cramer | director, officer: CEO | 10311 CLUSTERBERRY CT, LOS ANGELES CA 90077 |
Hagan Frank J Jr. | director, officer: President | 7941 SELMA AVENUE, #226, LOS ANGELES CA 90046 |
Josh Vance | director | 312 E SOUTH TEMPLE, SALT LAKE CITY UT 84111 |
Diversified Consultants, Llc | 10 percent owner | 8068 W. SAHARA AVE, SUITE C, LAS VEGAS NV 89117 |
Susan Donohue | 10 percent owner, other: Company Consultant | 19001 S. RICHFIELD AVE, #102, GREEN VALLEY AZ 85614 |
Julios Kosta | 10 percent owner | 30 WEST BEAVER CREEK, SUITE 105, RICHMOND HILL A6 L1V 7G8 |
Douglas Barry Brooks | director, officer: Vice-president | 590 YORK ROAD, UNIT #3, NIAGARA ON THE LAKE A6 L0S 1J0 |
Richard Kaiser Kaiser | officer: Secretary | 3419 VIRGINIA BEACH BLVD, UNIT 252, VIRGINIA BEACH VA 23452 |
Paul Parliament | director | P.O.B 299, ST. DAVIDS A6 L0S 1P0 |
Prosser John G Ii | director | 691 NORTH SQUIRREL ROAD, SUITE 105, AUBURN HILLS MI 48326 |
Martin Wolfe | director | 1807-7 TOWNSGATE DRIVE, THORNHILL A6 L4J7Z9 |
Lewis J Georges | director | 101 WEST MAIN STREET, SUITE 400, NORFOLK VA 23510 |
Denise Quilliam | director, 10 percent owner, officer: SECRETARY | 7270 WOODBINE AVE, SUITE 200 L3R 4B9, MARKHAM ONTARIO |
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