Reliance Global Group (Reliance Global Group) ROC (Joel Greenblatt) % : -1,370.71% (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Reliance Global Group 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. Reliance Global Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1,370.71%.

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

RELI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -697.04 Med: -307.99 Max: 1889.08
Current: -697.04

During the past 10 years, Reliance Global Group's highest ROC (Joel Greenblatt) % was 1889.08%. The lowest was -697.04%. And the median was -307.99%.

RELI's ROC (Joel Greenblatt) % is ranked worse than
93.22% of 59 companies
in the Insurance industry
Industry Median: 47.41 vs RELI: -697.04

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

Reliance Global Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for Reliance Global Group'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.

Reliance Global Group ROC (Joel Greenblatt) % Chart

Reliance Global Group Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

Get a 7-Day Free Trial

-349.55

-312.54

-307.99

1,889.08

-413.08

Reliance Global Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															-1,320.24	-316.25	-962.79	57.90	-1,370.71

Competitive Comparison of Reliance Global Group's ROC (Joel Greenblatt) %

For the Insurance Brokers subindustry, Reliance Global Group'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.

Reliance Global Group's ROC (Joel Greenblatt) % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Reliance Global Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Reliance Global Group's ROC (Joel Greenblatt) % falls into.

Reliance Global Group 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. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.212	+	0	+	1.709)	-	(1.064	+	0	+	0.801)
=	1.056

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.305	+	0	+	1.744)	-	(0.843	+	0	+	0.216)
=	1.99

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Reliance Global Group for the quarter that ended in Dec. 2023 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-33.932	/	( ( (1.025 + max(1.056, 0))	+	(0.88 + max(1.99, 0)) )	/	2 )
=	-33.932	/	( ( 2.081	+	2.87 )	/	2 )
=	-33.932	/	2.4755
=	-1,370.71 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Reliance Global Group (NAS:RELI) 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.

Reliance Global Group ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Reliance Global Group's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.

Reliance Global Group (Reliance Global Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Reliance Global Group Inc (NAS:RELI) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Boulevard of the Americas, Suite 105, Lakewood, NJ, USA, 08701

Website

https://www.relianceglobalgroup.com

Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. The company focuses on growing by pursuing an acquisition strategy, initially and primarily focused on wholesale and retail insurance agencies. Its primary strategy is to identify specific risks to reward arbitrage opportunities and develop these on a national platform, thereby increasing revenues and returns, and then identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. It generates revenue in the form of commissions.

Executives

Yaakov Beyman	officer: Executive VP, Insurance	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Ezra Beyman	officer: CEO	300 BLVD OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Scott Korman	director	C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361
William Y. Lebovics	officer: Chief Financial Officer	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Joel Markovits	officer: Chief Accounting Officer	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Reliance Global Holdings Llc	officer: CEO	300 BLVD. OF THE AMERICAS., SUITE 105, LAKEWOOD NJ 08701
Miriam Spitz	other: Director of Investor Services	18 SCENIC DRIVE, SUFFERN NY 10901
Alex Blumenfrucht	officer: CFO	517 REYNOLDS AVE, TOMS RIVER NJ 08755
Jack Namer	director, 10 percent owner, officer: Chief Executive Officer	1500 NW 65TH AVENUE PLANTATION FL 33313
Amy M. Nalewaik	10 percent owner	1500 NW 65TH AVENUE PLANTATION FL 33313