Are you still looking for investment inspiration? In this course you get more than 100 (!) examples of Quality Stocks. If you’re able to buy these wonderful businesses at a fair price, you’ll do very well.
The Compounding Quality email is always the first one I look at among the new mails in the inbox. However I am struggeling with some of the ROCE figures, e.g. 126% for SPGI or 133% for ADP. Could you please explain in one example how this has been calculated? Best regards
In general, it's really important to understand that figures like ROCE can be calculated in different ways. Some prefer to exclude cash and/or goodwill for example.
When I do the calculations myself, I use this formula:
ROCE = NOPAT / Capital Employed
Wherein Capital Employed = fixed assets + current assets - current liabilities
We loved the image about the hidden costs. Thanks!
And if something is free... you are the product (e.g. Facebook, Instagram, ...). :)
Cough...Robinhood.
Your workethic/ output is insane.
It's an honor, Nick!
Every Tuesday and Thursday I publish an article. This was the 106th article of Compounding Quality. :)
The Compounding Quality email is always the first one I look at among the new mails in the inbox. However I am struggeling with some of the ROCE figures, e.g. 126% for SPGI or 133% for ADP. Could you please explain in one example how this has been calculated? Best regards
Hi Ralf,
I pulled these data from Bloomberg.
In general, it's really important to understand that figures like ROCE can be calculated in different ways. Some prefer to exclude cash and/or goodwill for example.
When I do the calculations myself, I use this formula:
ROCE = NOPAT / Capital Employed
Wherein Capital Employed = fixed assets + current assets - current liabilities
Thanks you ! Always looking forward for Tuesday’s and Thursday’s!! 🙏🏽
It's a true honor, JB!
Comments like this motivate me to keep going. :)
CQ,
Item number one blows my mind. The more I think about it, the more I appreciate the wisdom in it.
"Spend your health, wealth and time wisely" should be everyone's mantra in life.
Thank you kindly for the "100 Examples of Quality Stocks" course! You always have something to teach and share with your readers!
🙏
"The difference between failure and success is often just staying with a problem a little longer.
One more rep.
One more step.
One more minute.
One more revision.
One more attempt.
The difference between average and outstanding is often just one more."
We got this, Pavel!
I would like a further analysis on Game Workshop tbh
Working on this! Subscribers will be able to write deep dives about companies like Games Workshop on this website soon.