GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abans Financial Services Ltd (NSE:AFSL) » Definitions » ROC (Joel Greenblatt) %

Abans Financial Services (NSE:AFSL) ROC (Joel Greenblatt) % : 1,374.35% (As of Dec. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Abans Financial Services 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. Abans Financial Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 1,374.35%.

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

NSE:AFSL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 17.01   Med: 20.11   Max: 143.19
Current: 143.19

During the past 5 years, Abans Financial Services's highest ROC (Joel Greenblatt) % was 143.19%. The lowest was 17.01%. And the median was 20.11%.

NSE:AFSL's ROC (Joel Greenblatt) % is ranked better than
65.65% of 658 companies
in the Capital Markets industry
Industry Median: 47.01 vs NSE:AFSL: 143.19

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


Abans Financial Services ROC (Joel Greenblatt) % Historical Data

The historical data trend for Abans Financial Services'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.

Abans Financial Services ROC (Joel Greenblatt) % Chart

Abans Financial Services Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
21.83 17.01 19.22 20.11 40.51

Abans Financial Services Quarterly Data
Mar20 Mar21 Mar22 Aug22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,163.12 28.59 55.18 1,235.64 1,374.35

Competitive Comparison of Abans Financial Services's ROC (Joel Greenblatt) %

For the Capital Markets subindustry, Abans Financial Services'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.


Abans Financial Services's ROC (Joel Greenblatt) % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abans Financial Services's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Abans Financial Services's ROC (Joel Greenblatt) % falls into.


;
;

Abans Financial Services 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: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1980.78 + 132.959 + 3159.089) - (2714.704 + 0 + 8753.572)
=-6195.448

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

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Abans Financial Services for the quarter that ended in Dec. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2076.956/( ( (151.123 + max(-6195.448, 0)) + (0 + max(0, 0)) )/ 1 )
=2076.956/( ( 151.123 + 0 )/ 1 )
=2076.956/151.123
=1,374.35 %

Note: The EBIT data used here is four times the quarterly (Dec. 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.


Abans Financial Services  (NSE:AFSL) 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.


Abans Financial Services ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Abans Financial Services's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Abans Financial Services Business Description

Traded in Other Exchanges
Address
Backbay Reclamation, 36, 37, 38A, Floor 3, 227 Nariman Bhavan, Nariman Point, Mumbai, MH, IND, 400 021
Abans Financial Services Ltd, formerly Abans Holdings Ltd is engaged in providing financial services. The principal activities of the Company include wealth and asset management services including financial asset distribution, broking, lending, credit, investment solutions, asset and portfolio management, treasury operations, and allied activities. The company is also engaged in advisory services like Corporate Finance, Project Finance, Trade Finance, and providing Business & Retail Loans, unsecured and secured against collateral security, investment in government security, and bonds. The operating segments of the company are Agency business, Internal treasury operations, Lending activities, and Others. The majority of its revenue is derived from the Internal treasury operations segment.

Abans Financial Services Headlines

No Headlines