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Samco Gold (TSXV:SGA.H) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2021)


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What is Samco 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. Samco Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was 0.00%.

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

TSXV:SGA.H's ROC (Joel Greenblatt) % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -15.915
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Samco Gold ROC (Joel Greenblatt) % Historical Data

The historical data trend for Samco 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.

Samco Gold ROC (Joel Greenblatt) % Chart

Samco Gold Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -174.77 -3,919.54 -109,700.00 - -

Samco Gold Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

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

For the Shell Companies subindustry, Samco 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.


Samco Gold's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Samco Gold's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Samco 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: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.032) - (1.733 + 0 + -2.2204460492503E-16)
=-1.701

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.029) - (1.821 + 0 + 0.00099999999999989)
=-1.793

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Samco Gold for the quarter that ended in Dec. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2021  Q: Dec. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.232/( ( (0 + max(-1.701, 0)) + (0 + max(-1.793, 0)) )/ 1 )
=-0.232/( ( 0 + 0 )/ 1 )
=-0.232/0
= %

Note: The EBIT data used here is four times the quarterly (Dec. 2021) 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.


Samco Gold  (TSXV:SGA.H) 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.


Samco Gold ROC (Joel Greenblatt) % Related Terms

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Samco Gold (TSXV:SGA.H) Business Description

Traded in Other Exchanges
N/A
Address
88 Crawford Street, London, GBR, W1H 2EJ
Samco Gold Ltd is engaged in the acquisition, exploration and development of precious metals properties in Argentina. The company has discontinued its operations and is currently refocusing its business objectives on new lines of business.

Samco Gold (TSXV:SGA.H) Headlines

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