TMRC (Texas Mineral Resources) ROC (Joel Greenblatt) % : -208.70% (As of Aug. 2024)

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What is Texas Mineral Resources 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. Texas Mineral Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was -208.70%.

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

TMRC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -666.67 Med: -272.28 Max: -67.4
Current: -226.28

During the past 13 years, Texas Mineral Resources's highest ROC (Joel Greenblatt) % was -67.40%. The lowest was -666.67%. And the median was -272.28%.

TMRC's ROC (Joel Greenblatt) % is ranked worse than
84.39% of 2530 companies
in the Metals & Mining industry
Industry Median: -20.955 vs TMRC: -226.28

Texas Mineral Resources's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.70% per year.

Texas Mineral Resources ROC (Joel Greenblatt) % Historical Data

The historical data trend for Texas Mineral Resources'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.

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Texas Mineral Resources ROC (Joel Greenblatt) % Chart

Texas Mineral Resources Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROC (Joel Greenblatt) %

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-320.34

-454.67

-644.03

-470.46

-224.21

Texas Mineral Resources 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															-371.15	-224.04	-224.49	-250.18	-208.70

Competitive Comparison of Texas Mineral Resources's ROC (Joel Greenblatt) %

For the Other Industrial Metals & Mining subindustry, Texas Mineral Resources'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.

Texas Mineral Resources's ROC (Joel Greenblatt) % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Texas Mineral Resources's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Texas Mineral Resources's ROC (Joel Greenblatt) % falls into.

Texas Mineral Resources 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: May. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.048)	-	(0.049	+	0	+	0)
=	-0.00099999999999996

	Working Capital		(Q: Aug. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.046)	-	(0.043	+	0	+	0)
=	0.003

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Texas Mineral Resources 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 )
=	-0.888	/	( ( (0.416 + max(-0.00099999999999996, 0))	+	(0.432 + max(0.003, 0)) )	/	2 )
=	-0.888	/	( ( 0.416	+	0.435 )	/	2 )
=	-0.888	/	0.4255
=	-208.70 %

Note: The EBIT data used here is four times the quarterly (Aug. 2024) EBIT data.

Texas Mineral Resources (OTCPK:TMRC) 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.

Texas Mineral Resources ROC (Joel Greenblatt) % Related Terms

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

Texas Mineral Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Texas Mineral Resources Corp (OTCPK:TMRC) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

539 El Paso Street, Sierra Blanca, TX, USA, 79851

Website

https://www.tmrcorp.com

Texas Mineral Resources Corp is an exploration-stage mining company. It is predominantly engaged in the business of acquisition, exploration, and development of mineral properties. The group focuses on the development of a metallurgical process to concentrate or otherwise extract the metals from the Round Top Projects. Its flagship property includes the Round Top rare earths-uranium-beryllium project covering approximately 900 acres in Hudspeth County, Texas; and prospecting permits covering 9,345 acres adjacent to the Round Top project.

Executives

Anthony G. Marchese	director	15 BADEAU AVENUE, SUMMIT X1 07901
Cecil C Wall	director	3 RIVERWAY, STE. 1800, HOUSTON TX 77056
Lavern K Lund	director	5875 LANDERBROOK DRIVE, SUITE 220, CLEVELAND OH 44124
Clark Moseley	director	PO BOX 2466, SIOUX FALLS SD 57101
Kevin A. Francis	director	553 SAGE CIRCLE, HIGHLANDS RANCH CO 80126
Peter Jr. Denetclaw	director	6040 SANTA CLARA DR, FARMINGTON NM 87402
Chris Mathers	officer: CFO	7 COPANA PT., ROCKPORT TX 78382
Daniel E Gorski	director, officer: Chief Executive Officer	7 COPANO PT. RD., ROCKPORT TX 78382
Nicholas Pingitore	director	C/O TEXAS RARE EARTH RESOURCES CORP., 304 INVERNESS WAY SOUTH, SUITE 365, ENGLEWOOD CO 80112
Sc Fundamental Llc	director	747 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10017
Navajo Transitional Energy Company, Llc	10 percent owner	PO BOX 11, FARMINGTON NM 87499
Edward A Collery	other: Member of 10% owner group	C/O SC FUNDAMENTAL LLC, 747 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10017
Sc Fundamental Llc Employee Savings & Profit Sharing Plan	10 percent owner	C/O SC FUNDAMENTAL LLC, 747 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10017
Peter M Collery	director	C/O SC FUNDAMENTAL LLC, 747 THIRD AVENUE 27TH FLOOR, NEW YORK NY 10017
Neil H Koffler	director	C/O SC FUNDAMENTAL LLC, 747 THIRD AVENUE 27TH FLOOR, NEW YORK NY 10017