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RH Bophelo (JSE:RHB) ROC (Joel Greenblatt) % : 5,305.91% (As of Aug. 2024)


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What is RH Bophelo 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. RH Bophelo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 5,305.91%.

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

JSE:RHB' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -395.01   Med: 2335.18   Max: 16943.14
Current: 16943.14

During the past 8 years, RH Bophelo's highest ROC (Joel Greenblatt) % was 16943.14%. The lowest was -395.01%. And the median was 2335.18%.

JSE:RHB's ROC (Joel Greenblatt) % is ranked better than
99.7% of 666 companies
in the Healthcare Providers & Services industry
Industry Median: 10.105 vs JSE:RHB: 16943.14

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


RH Bophelo ROC (Joel Greenblatt) % Historical Data

The historical data trend for RH Bophelo'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.

RH Bophelo ROC (Joel Greenblatt) % Chart

RH Bophelo Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial - 3,923.40 1,746.19 -395.01 2,924.17

RH Bophelo Semi-Annual Data
Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 428.71 -944.79 829.19 25,732.14 5,305.91

Competitive Comparison of RH Bophelo's ROC (Joel Greenblatt) %

For the Medical Care Facilities subindustry, RH Bophelo'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.


RH Bophelo's ROC (Joel Greenblatt) % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, RH Bophelo's ROC (Joel Greenblatt) % distribution charts can be found below:

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



RH Bophelo 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: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.366) - (1.827 + 0 + 0.793)
=-2.254

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 1.107) - (1.245 + 0 + 0)
=-0.13799999999999

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of RH Bophelo for the quarter that ended in Aug. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=67.73/( ( (1.487 + max(-2.254, 0)) + (1.066 + max(-0.13799999999999, 0)) )/ 2 )
=67.73/( ( 1.487 + 1.066 )/ 2 )
=67.73/1.2765
=5,305.91 %

Note: The EBIT data used here is two times the semi-annual (Aug. 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.


RH Bophelo  (JSE:RHB) 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.


RH Bophelo ROC (Joel Greenblatt) % Related Terms

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RH Bophelo Business Description

Traded in Other Exchanges
N/A
Address
Unit 12, 1st Floor, 1 Melrose Boulevard, Melrose Arch, Boulevard, Johannesburg, GT, ZAF, 2191
RH Bophelo Ltd is a healthcare investment company. Its main business involves the acquisition of healthcare assets in commercial entities or special situations across the South African market. It is making equity, quasi-equity, and equity-related investments in healthcare and financial sectors, specifically in operational infrastructure, health insurance, private hospital infrastructure, pharmaceuticals, retail and distribution, and healthcare technology. Its segments are the Healthcare segment and Financial services segment.

RH Bophelo Headlines

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