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Amicorp FS (UK) (LSE:AMIF) ROC (Joel Greenblatt) % : -52.26% (As of Dec. 2023)


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What is Amicorp FS (UK) 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. Amicorp FS (UK)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -52.26%.

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

LSE:AMIF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 71   Med: 395.28   Max: 719.55
Current: 79.36

During the past 4 years, Amicorp FS (UK)'s highest ROC (Joel Greenblatt) % was 719.55%. The lowest was 71.00%. And the median was 395.28%.

LSE:AMIF's ROC (Joel Greenblatt) % is not ranked
in the Asset Management industry.
Industry Median: 44.24 vs LSE:AMIF: 79.36

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


Amicorp FS (UK) ROC (Joel Greenblatt) % Historical Data

The historical data trend for Amicorp FS (UK)'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.

Amicorp FS (UK) ROC (Joel Greenblatt) % Chart

Amicorp FS (UK) Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
- - 719.55 71.00

Amicorp FS (UK) Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial - - 172.27 363.98 -52.26

Competitive Comparison of Amicorp FS (UK)'s ROC (Joel Greenblatt) %

For the Asset Management subindustry, Amicorp FS (UK)'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.


Amicorp FS (UK)'s ROC (Joel Greenblatt) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Amicorp FS (UK)'s ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Amicorp FS (UK)'s ROC (Joel Greenblatt) % falls into.



Amicorp FS (UK) 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.186 + 0 + 1.7763568394003E-15) - (0.514 + 0 + 0.8)
=-0.128

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.86 + 0 + 0.166) - (0.909 + 0 + 1.013)
=1.104

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Amicorp FS (UK) for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.618/( ( (0.715 + max(-0.128, 0)) + (0.546 + max(1.104, 0)) )/ 2 )
=-0.618/( ( 0.715 + 1.65 )/ 2 )
=-0.618/1.1825
=-52.26 %

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) 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.


Amicorp FS (UK)  (LSE:AMIF) 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.


Amicorp FS (UK) ROC (Joel Greenblatt) % Related Terms

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Amicorp FS (UK) (LSE:AMIF) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
5 Lloyd's Avenue, London, GBR, EC3N 3AE
Website
Amicorp FS (UK) Plc is an international specialist fund services group that works with a broad mix of clients including institutional investors, fund managers (private equity, venture capital and real estate) as well as family offices to provide a suite of specialists services across global markets. AMIF operates at a significant scale, providing local and global expertise to over 440 active funds. It provides a comprehensive and tailored range of services which are all underpinned by market-leading technology solutions that support clients across the value chain, from a single point of contact.

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