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OAKPB.PFD (Brookfield Oaktree Holdings LLC) ROC (Joel Greenblatt) % : 111.96% (As of Sep. 2019)


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What is Brookfield Oaktree Holdings LLC 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. Brookfield Oaktree Holdings LLC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was 111.96%.

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

OAKpB.PFD' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 437.55   Med: 19847.32   Max: 27382.34
Current: 437.55

During the past 11 years, Brookfield Oaktree Holdings LLC's highest ROC (Joel Greenblatt) % was 27382.34%. The lowest was 437.55%. And the median was 19847.32%.

OAKpB.PFD's ROC (Joel Greenblatt) % is not ranked
in the Asset Management industry.
Industry Median: 38.9 vs OAKpB.PFD: 437.55

Brookfield Oaktree Holdings LLC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Brookfield Oaktree Holdings LLC ROC (Joel Greenblatt) % Historical Data

The historical data trend for Brookfield Oaktree Holdings LLC'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.

Brookfield Oaktree Holdings LLC ROC (Joel Greenblatt) % Chart

Brookfield Oaktree Holdings LLC Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
ROC (Joel Greenblatt) %
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Brookfield Oaktree Holdings LLC Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 858.93 622.65 111.96

Competitive Comparison of Brookfield Oaktree Holdings LLC's ROC (Joel Greenblatt) %

For the Asset Management subindustry, Brookfield Oaktree Holdings LLC'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.


Brookfield Oaktree Holdings LLC's ROC (Joel Greenblatt) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Brookfield Oaktree Holdings LLC's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Brookfield Oaktree Holdings LLC's ROC (Joel Greenblatt) % falls into.



Brookfield Oaktree Holdings LLC 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. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 227.79) - (775.517 + 0 + 283.512)
=-831.239

Working Capital(Q: Sep. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(76.106 + 0 + 174.967) - (880.176 + 0 + 245.178)
=-874.281

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Brookfield Oaktree Holdings LLC for the quarter that ended in Sep. 2019 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2019  Q: Sep. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=175.132/( ( (105.767 + max(-831.239, 0)) + (207.078 + max(-874.281, 0)) )/ 2 )
=175.132/( ( 105.767 + 207.078 )/ 2 )
=175.132/156.4225
=111.96 %

Note: The EBIT data used here is four times the quarterly (Sep. 2019) 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.


Brookfield Oaktree Holdings LLC  (NYSE:OAKpB.PFD) 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.


Brookfield Oaktree Holdings LLC ROC (Joel Greenblatt) % Related Terms

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


Brookfield Oaktree Holdings LLC Business Description

Traded in Other Exchanges
Address
333 South Grand Avenue, 28th Floor, Los Angeles, CA, USA, 90071
Brookfield Oaktree Holdings LLC formerly Oaktree Capital Group LLC is an alternative asset manager involved in investing in credit, real assets, private equity, and listed equities. It operates into one segment namely the Investment management business which consists of the services that it provides to clients. It operates in the United States where it generates the majority of its revenue.
Executives
Mansco Iii Perry director 333 S. GRAND AVE., 28TH FL, LOS ANGELES CA 90071
Depelsha Thomas Mcgruder director 333 S. GRAND AVE., 28TH FLOOR, C/O OAKTREE CAPITAL MANAGEMENT, LOS ANGELES CA 90071
Bruce Flatt director C/O BROOKFIELD ASSET MANAGEMENT INC., 181 BAY STREET, P.O. BOX 762, TORONTO A6 M5J2T3
Justin B. Beber director C/O BROOKFIELD ASSET MANAGEMENT INC., BROOKFIELD PLACE, 181 BAY ST., STE. 300, TORONTO A6 M5J 2T3
Daniel D Levin officer: See Remarks 333 S. GRAND AVENUE, 28 TH FLOOR, LOS ANGELES CA 90071
Steven J Gilbert director 540 MADISON AVE, 40TH FL, NEW YORK NY 10022
Jay S Wintrob director, officer: Chief Executive Officer 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Robert E Denham director MUNGER, TOLLES & OLSON LLP, 355 S. GRAND AVENUE, 35TH FLOOR, LOS ANGELES CA 90071
Wayne G Pierson director C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Marna C Whittington director 2959 BARLEY MILL ROAD, YORKLYN DE 19736
David Richard Masson director 333 S GRAND AVENUE 28TH FL, LOS ANGELES CA 90071
Scott L Graves officer: Managing Director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Caleb S Kramer officer: Managing Director 333 SOUTH GRAND AVE 28TH FL, LOS ANGELES CA 90071
Larry W Keele director C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Todd E Molz officer: See Remarks C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071

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