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Ranchero Gold (TSXV:RNCH) ROC (Joel Greenblatt) % : 0.00% (As of Sep. 2023)


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What is Ranchero Gold 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. Ranchero Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 0.00%.

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

TSXV:RNCH' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -47.79   Med: 0   Max: 0
Current: -47.79

TSXV:RNCH's ROC (Joel Greenblatt) % is ranked worse than
63.79% of 2574 companies
in the Metals & Mining industry
Industry Median: -19.635 vs TSXV:RNCH: -47.79

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


Ranchero Gold ROC (Joel Greenblatt) % Historical Data

The historical data trend for Ranchero Gold'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.

Ranchero Gold ROC (Joel Greenblatt) % Chart

Ranchero Gold Annual Data
Trend Jun20 Jun21 Dec22
ROC (Joel Greenblatt) %
- - -

Ranchero Gold Quarterly Data
Jun20 Sep20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -78.80 -58.00 - - -

Competitive Comparison of Ranchero Gold's ROC (Joel Greenblatt) %

For the Gold subindustry, Ranchero Gold'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.


Ranchero Gold's ROC (Joel Greenblatt) % Distribution in the Metals & Mining Industry

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

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



Ranchero Gold 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)
=(0.118 + 0 + 0) - (3.982 + 0 + 0)
=-3.864

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.121 + 0 + 0) - (4.228 + 0 + 0)
=-4.107

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Ranchero Gold for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.756/( ( (0 + max(-3.864, 0)) + (0 + max(-4.107, 0)) )/ 1 )
=-1.756/( ( 0 + 0 )/ 1 )
=-1.756/0
= %

Note: The EBIT data used here is four times the quarterly (Sep. 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.


Ranchero Gold  (TSXV:RNCH) 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.


Ranchero Gold ROC (Joel Greenblatt) % Related Terms

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Ranchero Gold (TSXV:RNCH) Business Description

Traded in Other Exchanges
Address
800 West Pender Street, c/o Suite 910, Vancouver, BC, CAN, V6C 2V6
Ranchero Gold Corp is engaged in the acquisition and exploration of resources properties. Its Sta. Daniela concessions are located within the heart of the Sierra Madre Occidental gold belt in eastern Sonora, Mexico.

Ranchero Gold (TSXV:RNCH) Headlines

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