Mortgage Advice Bureau (Holdings) (LSE:MAB1) ROC (Joel Greenblatt) % : 228.22% (As of Dec. 2023)

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What is Mortgage Advice Bureau (Holdings) 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. Mortgage Advice Bureau (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 228.22%.

The historical rank and industry rank for Mortgage Advice Bureau (Holdings)'s ROC (Joel Greenblatt) % or its related term are showing as below:

LSE:MAB1' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 203.11 Med: 442.93 Max: 3878.22
Current: 203.11

During the past 13 years, Mortgage Advice Bureau (Holdings)'s highest ROC (Joel Greenblatt) % was 3878.22%. The lowest was 203.11%. And the median was 442.93%.

LSE:MAB1's ROC (Joel Greenblatt) % is ranked better than
68.18% of 44 companies
in the Banks industry
Industry Median: 68.92 vs LSE:MAB1: 203.11

Mortgage Advice Bureau (Holdings)'s 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -16.70% per year.

Mortgage Advice Bureau (Holdings) ROC (Joel Greenblatt) % Historical Data

The historical data trend for Mortgage Advice Bureau (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.

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Mortgage Advice Bureau (Holdings) ROC (Joel Greenblatt) % Chart

Mortgage Advice Bureau (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

Get a 7-Day Free Trial

421.05

267.89

442.04

245.85

207.81

Mortgage Advice Bureau (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															482.69	410.09	226.27	176.11	228.22

Competitive Comparison of Mortgage Advice Bureau (Holdings)'s ROC (Joel Greenblatt) %

For the Mortgage Finance subindustry, Mortgage Advice Bureau (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.

Mortgage Advice Bureau (Holdings)'s ROC (Joel Greenblatt) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mortgage Advice Bureau (Holdings)'s ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Mortgage Advice Bureau (Holdings)'s ROC (Joel Greenblatt) % falls into.

Mortgage Advice Bureau (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:

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)
=	(3.909	+	0	+	19.433)	-	(40.334	+	0	+	-7.105427357601E-15)
=	-16.992

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.298	+	0	+	18.918)	-	(35.616	+	0	+	10.331)
=	-25.731

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Mortgage Advice Bureau (Holdings) 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 )
=	20.256	/	( ( (9.669 + max(-16.992, 0))	+	(8.082 + max(-25.731, 0)) )	/	2 )
=	20.256	/	( ( 9.669	+	8.082 )	/	2 )
=	20.256	/	8.8755
=	228.22 %

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

Mortgage Advice Bureau (Holdings) (LSE:MAB1) 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.

Mortgage Advice Bureau (Holdings) ROC (Joel Greenblatt) % Related Terms

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Mortgage Advice Bureau (Holdings) (LSE:MAB1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mortgage Advice Bureau (Holdings) PLC (LSE:MAB1) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Capital House, Pride Place, Pride Park, Derby, GBR, DE24 8QR

Website

https://www.mortgageadvicebureau.com

Mortgage Advice Bureau (Holdings) PLC provides mortgage advice and also advice on protection and general insurance products. The group offers advice on residential and buy to let mortgage products. The company has developed customized support services for intermediary firms that operate in estate agency, new build, buy to let, mortgage shops and telephone based mortgage services. The company derives its revenues from mortgage procuration fees, insurance commission, and client fees. Mortgage procuration fees generate the majority of the revenues.

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