Return on Capital ( Joel Greenblatt Definition)

What is the definition of ROC % Greenblatt?

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).


Stockopedia explains ROC % Greenblatt...

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


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