GRDV (Golden Royal Development) ROC (Joel Greenblatt) %: 0.00% (As of Sep. 2024)

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GRDV Golden Royal Development Inc GRDV
18 GF Score
Price $0.20
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What is Golden Royal Development ROC (Joel Greenblatt) %?

Golden Royal Development GRDV 18 ROC (Joel Greenblatt) % is 0.00% as of Sep. 2024. GuruFocus rates GRDV with a GF Score™ of 18/100.

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 Royal Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.00%.

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

GRDV's ROC (Joel Greenblatt) % is not ranked *
in the Metals & Mining industry.
Industry Median: -22.12
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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

Golden Royal Development  (OTCPK:GRDV) 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 Royal Development ROC (Joel Greenblatt) % Related Terms

Golden Royal Development ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Golden Royal Development'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.

Golden Royal Development ROC (Joel Greenblatt) % Chart

Golden Royal Development Annual Data
Trend Sep20 Sep21 Sep22 Sep23 Sep24
ROC (Joel Greenblatt) %
0.00 0.00 0.00 0.00 0.00

Golden Royal Development Quarterly Data
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 0.00 0.00 0.00 0.00 0.00

GRDV vs LBRMF, ATAO, NWIFF: ROC (Joel Greenblatt) % Comparison

For the Other Industrial Metals & Mining subindustry, Golden Royal Development'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 Royal Development ROC (Joel Greenblatt) % vs Metals & Mining Industry

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

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


GRDV
18GF Score
Golden Royal Development Inc GRDV
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
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Golden Royal Development 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) - (0.286 + 0 + 0)
=-0.286

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.29 + 0 + 0)
=-0.29

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Golden Royal Development 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 )
=-0.012/( ( (0 + max(-0.286, 0)) + (0 + max(-0.29, 0)) )/ 1 )
=-0.012/( ( 0 + 0 )/ 1 )
=-0.012/0
= %

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.

What does a ROC (Joel Greenblatt) % of 0.00% mean?
Golden Royal Development (GRDV) has a ROC (Joel Greenblatt) % of 0.00% as of Sep. 2024. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Golden Royal Development and its competitors.
Is Golden Royal Development's ROC (Joel Greenblatt) % too high?
Golden Royal Development's current ROC (Joel Greenblatt) % is 0.00%. Overall, Golden Royal Development has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Golden Royal Development's ROC (Joel Greenblatt) % compare to LBRMF and ATAO?
Golden Royal Development's ROC (Joel Greenblatt) % of 0.00% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Golden Royal Development and its competitors. Golden Royal Development's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Royal Development stock overvalued right now?
Golden Royal Development (GRDV) has a current ROC (Joel Greenblatt) % of 0.00%. The current ROC (Joel Greenblatt) % is 0.00%. Golden Royal Development's overall GF Score™ is 18/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Golden Royal Development (GRDV), the current ROC (Joel Greenblatt) % is 0.00% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Golden Royal Development Business Description

Address 543 Bedford Avenue, Suite 176, New York, NY, USA, 11211
Golden Royal Development Inc United States-based company. The company engages in the business of purchasing and selling mineral leases and other interests in mineral rights.
18GF Score

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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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