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RBG Holdings (STU:9WN) ROC (Joel Greenblatt) % : 26.37% (As of Dec. 2023)


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What is RBG 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. RBG Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 26.37%.

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

STU:9WN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -37.26   Med: 36.46   Max: 204.11
Current: -34.02

During the past 6 years, RBG Holdings's highest ROC (Joel Greenblatt) % was 204.11%. The lowest was -37.26%. And the median was 36.46%.

STU:9WN's ROC (Joel Greenblatt) % is ranked worse than
86.88% of 1067 companies
in the Business Services industry
Industry Median: 21.2 vs STU:9WN: -34.02

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


RBG Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for RBG 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.

* Premium members only.

RBG Holdings ROC (Joel Greenblatt) % Chart

RBG Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 204.63 109.85 36.86 -2.42 -37.50

RBG Holdings Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.39 37.53 -39.53 -74.70 26.37

Competitive Comparison of RBG Holdings's ROC (Joel Greenblatt) %

For the Specialty Business Services subindustry, RBG 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.


RBG Holdings's ROC (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, RBG Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



RBG 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)
=(30.711 + 0 + 8.541) - (14.556 + 0 + 6.516)
=18.18

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.241 + 0 + 5.936) - (8.374 + 0 + 6.282)
=0.521

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of RBG 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 )
=7.154/( ( (18.798 + max(18.18, 0)) + (16.76 + max(0.521, 0)) )/ 2 )
=7.154/( ( 36.978 + 17.281 )/ 2 )
=7.154/27.1295
=26.37 %

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.


RBG Holdings  (STU:9WN) 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.


RBG Holdings ROC (Joel Greenblatt) % Related Terms

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RBG Holdings (STU:9WN) Business Description

Traded in Other Exchanges
Address
9-13 St Andrew Street, London, GBR, EC4A 3AF
RBG Holdings PLC is a diversified, professional services group with a litigation finance business leveraging the Group's legal expertise. The combination of Memery Crystal along with the law firm Rosenblatt provides quality advice to entrepreneurs and high net worth individuals. It also provides litigation finance in selected cases through a separate arm, LionFish Litigation Finance Ltd. It also owns Convex Capital Ltd, a sell-side corporate finance boutique. Convex is entirely focused on helping companies, particularly owner-managed and entrepreneurial businesses, realise their value through sales to large corporates.

RBG Holdings (STU:9WN) Headlines

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