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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. Trustco Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 5,359.76%.
The historical rank and industry rank for Trustco Group Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:TTO's ROC (Joel Greenblatt) % is not ranked *
in the Asset Management industry.
Industry Median: 63.66 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Trustco Group Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Trustco Group Holdings (JSE:TTO) 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.
Trustco Group Holdings ROC (Joel Greenblatt) % Related Terms
Trustco Group Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Trustco Group Holdings'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.
Trustco Group Holdings ROC (Joel Greenblatt) % Chart
JSE:TTO vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Trustco Group Holdings'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.
Trustco Group Holdings ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Trustco Group Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Trustco Group Holdings's ROC (Joel Greenblatt) % falls into.
Trustco Group Holdings 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:
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.
Note:
The EBIT data used here is two times the semi-annual (Feb. 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 5,359.76% mean?
Trustco Group Holdings (JSE:TTO) has a ROC (Joel Greenblatt) % of 5,359.76% as of Feb. 2024. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Trustco Group Holdings and its competitors.
Is Trustco Group Holdings' ROC (Joel Greenblatt) % too high?
Trustco Group Holdings' current ROC (Joel Greenblatt) % is 5,359.76%. The Asset Management industry median ROC (Joel Greenblatt) % is 63.66. Trustco Group Holdings' value of 5,359.76% is 8319.4% above this industry median. Overall, Trustco Group Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Trustco Group Holdings' ROC (Joel Greenblatt) % compare to BLK and BX?
Trustco Group Holdings' ROC (Joel Greenblatt) % of 5,359.76% can be compared against companies in the Asset Management industry. The industry median ROC (Joel Greenblatt) % is 63.66. Trustco Group Holdings' value of 5,359.76% is 8319.4% above this benchmark. 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 63.66, based on 628 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trustco Group Holdings's current ROC (Joel Greenblatt) % of 5,359.76% is 8319.4% above the industry median. 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 Trustco Group Holdings and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trustco Group Holdings's current ROC (Joel Greenblatt) % is 5,359.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trustco Group Holdings stock overvalued right now?
Trustco Group Holdings (JSE:TTO) has a current ROC (Joel Greenblatt) % of 5,359.76%. The current ROC (Joel Greenblatt) % is 5,359.76% and 8319.4% above the Asset Management industry median of 63.66. Trustco Group Holdings' overall GF Score™ is 11/100. 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 Trustco Group Holdings (JSE:TTO), the current ROC (Joel Greenblatt) % is 5,359.76% as of Feb. 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.
Trustco Group Holdings Ltd engages in the provision of financial services. The company's operating segment includes Financial Services and Resources. The Financial Services portfolio earns income from insurance premiums, property sales, rental income, investment property activities, banking and finance activities, interest, fees, and commissions from customers, and tuition income. The Resources portfolio conducts mining operations in Namibia and Sierra Leone. The company earns maximum revenue through Micro-Finance.
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