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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. Jamaica Stock Exchange's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 52.75%.
The historical rank and industry rank for Jamaica Stock Exchange's ROC (Joel Greenblatt) % or its related term are showing as below:
XJAM:JSE's ROC (Joel Greenblatt) % is not ranked *
in the Capital Markets industry.
Industry Median: 34.76 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Jamaica Stock Exchange's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Jamaica Stock Exchange ROC (Joel Greenblatt) % Related Terms
Jamaica Stock Exchange ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Jamaica Stock Exchange'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.
XJAM:JSE vs SPGI, ICE, CME: ROC (Joel Greenblatt) % Comparison
For the Financial Data & Stock Exchanges subindustry, Jamaica Stock Exchange'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.
Jamaica Stock Exchange ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Jamaica Stock Exchange's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Jamaica Stock Exchange'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:
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.
Note:
The EBIT data used here is one times the annual (Dec. 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.
What does a ROC (Joel Greenblatt) % of 52.75% mean?
Jamaica Stock Exchange (XJAM:JSE) has a ROC (Joel Greenblatt) % of 52.75% as of Dec. 2023. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Jamaica Stock Exchange and its competitors.
Is Jamaica Stock Exchange's ROC (Joel Greenblatt) % too high?
Jamaica Stock Exchange's current ROC (Joel Greenblatt) % is 52.75%. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.76. Jamaica Stock Exchange's value of 52.75% is 51.8% above this industry median. Overall, Jamaica Stock Exchange has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Jamaica Stock Exchange's ROC (Joel Greenblatt) % compare to SPGI and ICE?
Jamaica Stock Exchange's ROC (Joel Greenblatt) % of 52.75% can be compared against companies in the Capital Markets industry. The industry median ROC (Joel Greenblatt) % is 34.76. Jamaica Stock Exchange's value of 52.75% is 51.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.76, based on 677 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jamaica Stock Exchange's current ROC (Joel Greenblatt) % of 52.75% is 51.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Jamaica Stock Exchange and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jamaica Stock Exchange's current ROC (Joel Greenblatt) % is 52.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jamaica Stock Exchange stock overvalued right now?
Jamaica Stock Exchange (XJAM:JSE) has a current ROC (Joel Greenblatt) % of 52.75%. The current ROC (Joel Greenblatt) % is 52.75% and 51.8% above the Capital Markets industry median of 34.76. Jamaica Stock Exchange's overall GF Score™ is 22/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Jamaica Stock Exchange (XJAM:JSE), the current ROC (Joel Greenblatt) % is 52.75% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Jamaica Stock Exchange Ltd operates and regulates a stock exchange and develops a stock market in Jamaica. Through its subsidiary, the company is also establishing and maintaining a Central Securities Depository in Jamaica to facilitate the transfer of ownership of securities. Its operating segments are Exchange operations; JCSD services; Investments; and Trustee, custodian, company management, and other activities. It derives a portion of the revenue from the Exchange operations involving the Stock exchange's operation and regulation. Another critical revenue source is from JCSD services provided in connection with transferring and holding securities, shares, stocks, bonds, debentures, and registrar services. The firm's operations are in Jamaica.
22GF Score
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