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Hermana Holding ASA (FRA:OF30) ROC (Joel Greenblatt) % : -12.01% (As of Dec. 2024)


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What is Hermana Holding ASA 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. Hermana Holding ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -12.01%.

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

FRA:OF30' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11.43   Med: 0   Max: 0
Current: -11.43

FRA:OF30's ROC (Joel Greenblatt) % is ranked worse than
70.44% of 592 companies
in the Asset Management industry
Industry Median: 44.76 vs FRA:OF30: -11.43

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


Hermana Holding ASA ROC (Joel Greenblatt) % Historical Data

The historical data trend for Hermana Holding ASA'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.

Hermana Holding ASA ROC (Joel Greenblatt) % Chart

Hermana Holding ASA Annual Data
Trend Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
148,800.00 784,400.00 - -

Hermana Holding ASA Quarterly Data
Dec21 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial - - -23.59 -10.05 -12.01

Competitive Comparison of Hermana Holding ASA's ROC (Joel Greenblatt) %

For the Asset Management subindustry, Hermana Holding ASA'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.


Hermana Holding ASA's ROC (Joel Greenblatt) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hermana Holding ASA's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Hermana Holding ASA's ROC (Joel Greenblatt) % falls into.


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Hermana Holding ASA 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)
=(7.693 + 0 + 0.0079999999999991) - (0.034 + 0 + 0.008)
=7.659

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.026 + 0 + 0.051)
=-0.077

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Hermana Holding ASA 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 )
=-0.92/( ( (0 + max(7.659, 0)) + (0 + max(-0.077, 0)) )/ 1 )
=-0.92/( ( 7.659 + 0 )/ 1 )
=-0.92/7.659
=-12.01 %

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.


Hermana Holding ASA  (FRA:OF30) 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.


Hermana Holding ASA ROC (Joel Greenblatt) % Related Terms

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Hermana Holding ASA Business Description

Traded in Other Exchanges
Address
Karenslyst alle 6, Oslo, NOR, 0278
Hermana Holding ASA is a Norway-based company. The Company's principal business is to hold, manage and operate certain Royalties, and its business scope is defined as acquiring and owning shares or interests in other companies, trading in financial instruments (particularly Royalties or Streams) as well as closely related instruments/concepts. The Company aims to expand its Royalty business model, assessing opportunities to secure a share of an asset's future revenue stream.

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