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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. Trilogy Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was -5,034.25%.
The historical rank and industry rank for Trilogy Metals's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, Trilogy Metals's highest ROC (Joel Greenblatt) % was -28.36%. The lowest was -5713.82%. And the median was -73.35%.
Trilogy Metals's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -137.90% per year.
The historical data trend for Trilogy Metals'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.
Trilogy Metals Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | -91.31 | -75.61 | -1,307.93 | -1,444.95 | -3,224.11 |
Trilogy Metals Quarterly Data | ||||||||||||||||||||
Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | May24 | Aug24 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial | -2,162.76 | -3,115.11 | -12,185.95 | -11,472.94 | -5,034.25 |
For the Other Industrial Metals & Mining subindustry, Trilogy Metals'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.
For the Metals & Mining industry and Basic Materials sector, Trilogy Metals's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Trilogy Metals's ROC (Joel Greenblatt) % falls into.
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: May. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.015 | + | 0 | + | 0.045999999999999) | - | (0.463 | + | 0 | + | 0) |
= | -0.402 |
Working Capital | (Q: Aug. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.008 | + | 0 | + | 0.352) | - | (0.391 | + | 0 | + | 0) |
= | -0.031 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Trilogy Metals for the quarter that ended in Aug. 2024 can be restated as:
ROC (Joel Greenblatt) % | (Q: Aug. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: May. 2024 | Q: Aug. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -4.556 | / | ( ( (0.017 + max(-0.402, 0)) | + | (0.164 + max(-0.031, 0)) ) | / | 2 ) |
= | -4.556 | / | ( ( 0.017 | + | 0.164 ) | / | 2 ) |
= | -4.556 | / | 0.0905 | ||||
= | -5,034.25 % |
Note: The EBIT data used here is four times the quarterly (Aug. 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.
Trilogy Metals (AMEX:TMQ) 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.
Thank you for viewing the detailed overview of Trilogy Metals's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Elaine Sanders | officer: VP & CFO | C/O TRILOGY METALS, 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4 |
Diana J Walters | director | 5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240 |
William Beckwith Hayden | director | C/O TRILOGY METALS INC., SUITE 1950, 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4 |
Tony Giardini | director, officer: President and CEO | C/O TRILOGY METALS, 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4 |
Hensley William L. Iggiagruk | director | C/O TRILOGY METALS INC., SUITE 1150, 609 GRANVILLE STREET, VANCOUVER A1 V7Y 1G5 |
James Gowans | director | C/O TRILOGY METALS INC., SUITE 1150, 609 GRANVILLE STREET, VANCOUVER A1 V7Y 1G5 |
Gregory A. Lang | director | C/O TRILOGY METALS INC., 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4 |
Kalidas V Madhavpeddi | other: Former Director | 511 ARROYO SQ, SOUTH PASADENA CA 91030 |
South32 Ltd | 10 percent owner | LEVEL 35 108 ST GEORGES TERRACE, PERTH WA C3 6000 |
Electrum Strategic Opportunities Fund L.p. | 10 percent owner, other: Possible Member of 10% Group | C/O THE ELECTRUM GROUP LLC, 700 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10065 |
Janice Stairs | director | C/O TRILOGY METALS, 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4 |
Paulson & Co. Inc. | 10 percent owner | 1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036 |
South32 International Investment Holdings Proprietary Ltd | 10 percent owner | LEVEL 35, 108 ST GEORGES TERRACE, PERTH C3 WA 6000 |
Nieuwenhuyse Rick Van | director, officer: President & CEO | C/O TRILOGY METALS, 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4 |
Esof Gp Ltd. | 10 percent owner, other: Possible Member of 10% Group | C/O THE ELECTRUM GROUP LLC, 700 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10065 |
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