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Fabled Silver Gold (TSXV:FCO.H) ROC (Joel Greenblatt) % : -6,666.67% (As of Sep. 2023)


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What is Fabled Silver Gold 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. Fabled Silver Gold's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -6,666.67%.

The historical rank and industry rank for Fabled Silver Gold's ROC (Joel Greenblatt) % or its related term are showing as below:

TSXV:FCO.H' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -303.9   Med: -117.89   Max: -0.77
Current: -155.47

During the past 9 years, Fabled Silver Gold's highest ROC (Joel Greenblatt) % was -0.77%. The lowest was -303.90%. And the median was -117.89%.

TSXV:FCO.H's ROC (Joel Greenblatt) % is ranked worse than
80.66% of 2575 companies
in the Metals & Mining industry
Industry Median: -20.07 vs TSXV:FCO.H: -155.47

Fabled Silver Gold's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Fabled Silver Gold ROC (Joel Greenblatt) % Historical Data

The historical data trend for Fabled Silver Gold'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.

Fabled Silver Gold ROC (Joel Greenblatt) % Chart

Fabled Silver Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Sep18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only -0.77 -116.14 -177.09 -303.90 -117.89

Fabled Silver Gold Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -73.40 -42.67 -2,092.31 -2,219.05 -6,666.67

Competitive Comparison of Fabled Silver Gold's ROC (Joel Greenblatt) %

For the Other Precious Metals & Mining subindustry, Fabled Silver Gold'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.


Fabled Silver Gold's ROC (Joel Greenblatt) % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fabled Silver Gold's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Fabled Silver Gold's ROC (Joel Greenblatt) % falls into.



Fabled Silver Gold 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.004 + 0 + 0.02) - (0.616 + 0 + 0)
=-0.592

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.023 + 0 + 0.008) - (1.142 + 0 + 0)
=-1.111

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Fabled Silver Gold for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.1/( ( (0.033 + max(-0.592, 0)) + (0.03 + max(-1.111, 0)) )/ 2 )
=-2.1/( ( 0.033 + 0.03 )/ 2 )
=-2.1/0.0315
=-6,666.67 %

Note: The EBIT data used here is four times the quarterly (Sep. 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.


Fabled Silver Gold  (TSXV:FCO.H) 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.


Fabled Silver Gold ROC (Joel Greenblatt) % Related Terms

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Fabled Silver Gold (TSXV:FCO.H) Business Description

Traded in Other Exchanges
Address
1500 West Georgia Street, Suite 480, Vancouver, BC, CAN, V6G 2Z6
Fabled Silver Gold Corp is focused on acquiring, exploring and operating properties that yield near-term metal production. The company focuses on acquiring precious metal properties in Mexico with blue-sky exploration potential. It has entered into an agreement with Golden Minerals Company to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a metallogenic province, which has reportedly produced more silver than any other equivalent area in the world. The Company operates in one single reportable segment, which is the acquisition and exploration of mineral resource properties.

Fabled Silver Gold (TSXV:FCO.H) Headlines

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