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Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca (CAR:PER) ROC (Joel Greenblatt) % : 0.00% (As of . 20)


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What is Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca 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. Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca's annualized ROC (Joel Greenblatt) % for the quarter that ended in . 20 was 0.00%.

The historical rank and industry rank for Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca's ROC (Joel Greenblatt) % or its related term are showing as below:

CAR:PER's ROC (Joel Greenblatt) % is not ranked *
in the Capital Markets industry.
Industry Median: 47.46
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca ROC (Joel Greenblatt) % Historical Data

The historical data trend for Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca'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.

Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca ROC (Joel Greenblatt) % Chart

Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca Annual Data
Trend
ROC (Joel Greenblatt) %

Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca Semi-Annual Data
ROC (Joel Greenblatt) %

Competitive Comparison of Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca's ROC (Joel Greenblatt) %

For the Capital Markets subindustry, Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca'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.


Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca's ROC (Joel Greenblatt) % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca's ROC (Joel Greenblatt) % falls into.


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Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca 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: . 20 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=( + + ) - ( + + )
=

Working Capital(Q: . 20 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=( + + ) - ( + + )
=

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca for the quarter that ended in . 20 can be restated as:

ROC (Joel Greenblatt) %(Q: . 20 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: . 20  Q: . 20
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=/( ( ( + max(, 0)) + ( + max(, 0)) )/ )
=/( ( + )/ )
=/
= %

Note: The EBIT data used here is one times the annual (. 20) 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.


Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca  (CAR:PER) 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.


Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca ROC (Joel Greenblatt) % Related Terms

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Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Avenue Circunvalacion del Sol, Torre Santa Paula Plaza II, Office 104, Caracas, VEN
Pc-Ibc Fondo Mutual De Inversion De Capital Cerrado Ca invests the capital stock in the securities that make up the IBC, which measures the performance of the large-capitalization sector of the Venezuelan equity market.

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