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Winshear Gold (TSXV:WINS) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2024)


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What is Winshear 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. Winshear Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 0.00%.

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

During the past 13 years, Winshear Gold's highest ROC (Joel Greenblatt) % was -89.18%. The lowest was -18900.00%. And the median was -135.03%.

TSXV:WINS's ROC (Joel Greenblatt) % is not ranked *
in the Metals & Mining industry.
Industry Median: -21.18
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Winshear Gold ROC (Joel Greenblatt) % Historical Data

The historical data trend for Winshear 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.

Winshear Gold ROC (Joel Greenblatt) % Chart

Winshear Gold Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
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Winshear Gold Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Competitive Comparison of Winshear Gold's ROC (Joel Greenblatt) %

For the Gold subindustry, Winshear 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.


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

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

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


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Winshear 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.055) - (0.101 + 0 + 0)
=-0.046

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.033) - (0.143 + 0 + 0)
=-0.11

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Winshear Gold 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 )
=-3.216/( ( (0 + max(-0.046, 0)) + (0 + max(-0.11, 0)) )/ 1 )
=-3.216/( ( 0 + 0 )/ 1 )
=-3.216/0
= %

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.


Winshear Gold  (TSXV:WINS) 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.


Winshear Gold ROC (Joel Greenblatt) % Related Terms

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Winshear Gold Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 960, Vancouver, BC, CAN, V6C 1H2
Winshear Gold Corp is a Canadian-based junior exploration company. It is principally engaged in the exploration and development of the Gaban Gold Project the Tinka Iron Oxide Copper Gold Project in Peru and the SMP Gold Project in Tanzania.
Executives
Stephen Martin Leahy Director, Senior Officer
Richard David Williams 10% Security Holder, Director, Senior Officer
Andrew Thomson Deemed Insider - 6 Months before becoming Insider
Andrew Macritchie Senior Officer
Alistair Waddell Director

Winshear Gold Headlines

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