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Osool & Bakheet Investment Co (SAU:9586) ROC (Joel Greenblatt) % : 1,425.59% (As of Jun. 2024)


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What is Osool & Bakheet Investment Co 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. Osool & Bakheet Investment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 1,425.59%.

The historical rank and industry rank for Osool & Bakheet Investment Co's ROC (Joel Greenblatt) % or its related term are showing as below:

SAU:9586' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 388.75   Med: 717.61   Max: 1435.22
Current: 1435.22

During the past 2 years, Osool & Bakheet Investment Co's highest ROC (Joel Greenblatt) % was 1435.22%. The lowest was 388.75%. And the median was 717.61%.

SAU:9586's ROC (Joel Greenblatt) % is ranked better than
87.5% of 592 companies
in the Asset Management industry
Industry Median: 44.76 vs SAU:9586: 1435.22

Osool & Bakheet Investment Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Osool & Bakheet Investment Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Osool & Bakheet Investment Co'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.

Osool & Bakheet Investment Co ROC (Joel Greenblatt) % Chart

Osool & Bakheet Investment Co Annual Data
Trend Dec22 Dec23
ROC (Joel Greenblatt) %
388.75 1,046.47

Osool & Bakheet Investment Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
ROC (Joel Greenblatt) % - 868.84 1,317.29 1,425.59

Competitive Comparison of Osool & Bakheet Investment Co's ROC (Joel Greenblatt) %

For the Asset Management subindustry, Osool & Bakheet Investment Co'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.


Osool & Bakheet Investment Co's ROC (Joel Greenblatt) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Osool & Bakheet Investment Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Osool & Bakheet Investment Co's ROC (Joel Greenblatt) % falls into.


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Osool & Bakheet Investment Co 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.435 + 0 + 1.745) - (0.844 + 0 + 12.151)
=-8.815

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.704 + 0 + 4.909) - (0.136 + 0 + 8.998)
=-2.521

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Osool & Bakheet Investment Co for the quarter that ended in Jun. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=27.97/( ( (2.152 + max(-8.815, 0)) + (1.772 + max(-2.521, 0)) )/ 2 )
=27.97/( ( 2.152 + 1.772 )/ 2 )
=27.97/1.962
=1,425.59 %

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


Osool & Bakheet Investment Co  (SAU:9586) 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.


Osool & Bakheet Investment Co ROC (Joel Greenblatt) % Related Terms

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Osool & Bakheet Investment Co Business Description

Traded in Other Exchanges
N/A
Address
King Fahad Road, P.O. Box 63762, Mezzanine floor, Bahrain Tower, Riyadh, SAU, 11526
Osool & Bakheet Investment Co is engaged in dealing in securities, custody of securities, management of investments, operation of funds, and management of investments.

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