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).
Companies that can earn a high ROC over time generally have a special advantage that keeps competition from destroying it.
Ticker | Name | ROC % Greenblatt | StockRank™ |
---|---|---|---|
TSE:EIT.UN | Canoe EIT Income Fund | 688266.67 | 78 |
ATH:ANDRO | Alpha Trust Andromeda Investment Trust SA | 86734 | 69 |
OTC:FIND | FindEx.com Inc | 29833 | 83 |
CVE:SYZ | Sylogist | 17100 | 82 |
NEX:MVI.H | Monitor Ventures Inc | 12518.27 | 46 |