Return on Capital, Last Year

What is the definition of ROC Greenblatt, Last Yr?

Return on Capital is used by Joel Greenblatt in his Magic Formula to measure the rate of return a business is making on the total capital used in the business. His definition uses EBIT / (Net Working Capital + Net Fixed assets).

This is distinct from Return on Capital Employed which uses a more standardised definition.

Stockopedia explains ROC Greenblatt, Last Yr...

Companies that can earn a high ROC over time generally have a special advantage that keeps competition from destroying it.