What does ROC Greenblatt, Last Yr mean?
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.
