馃攳
鉁匛l ROIC o Retorno sobre el Capital INVERTIDO 馃攧 馃挼 El mayor SECRETO de CHARLIE MUNGER 馃か - YouTube
Channel: Invertir en ti
[0]
hello again stock market crack and welcome to another video of the new blind bags course on
[5]
the channel I recommend you do this course from the beginning by clicking on this link in today's
[11]
video we are going to talk in an easy, fast and simple way about one of the The most important
[17]
investment ratios is that charly hose used when investing with his assets that fast
[23]
is the roi or return on invested capital in this video we are going to explain what it is for
[29]
how to calculate it and why it is such an important metric for charly manguel let's get to it
[46]
charly manguel is the famous partner of warren buffett and the hose track record was 19
[53]
8% compounded annually until he joined buffet in 75 manguel stated that one of his
[61]
key strategies when it came to detecting quality of a company is to make use of the king to
[68]
detect high quality companies was the most important aspect in their investment strategy,
[74]
so they spent a lot of time on fundamental analysis of each company I used to know that it differentiated it from
[81]
the competition and one of the ratios in which it placed special emphasis was the role of the acronym
[87]
of roy that refer to the term return over invested capta whose translation is return on
[94]
invested capital this investment term is a Non-gaap metric that is to say that companies
[101]
are not obliged to report it, as is the case with free cash flow of which you already have
[106]
a video on the channel, the roi is the profitability that a company obtains with respect to the total amount
[113]
that the company has invested of their own money that is, it is the profit of the company with respect
[120]
to its own funds this without taking into account third-party loans this measure is simply
[127]
a ratio with which we can measure the efficiency of the business and its ability to make a good
[133]
allocation of capital To put it in some way, it serves as the first filter to measure the quality
[139]
of a business.The formula to calculate the roi of a company is very simple, we only have q ue
[146]
[__] the ebit generated by the company and divide it by its invested capital if you do not know what
[152]
the invested capital is, we only have to take the net worth of the company, add the debt and
[158]
subtract the cash by doing this simple calculation, we already have the capital invested and by dividing the
[165]
ebit between this invested capital we would obtain the company's droid, let's see it with an example, we are going
[172]
to calculate the king - that from al铆 bab谩, for this we go to the financial statements and we see that
[178]
the last one avoided reported by the company of 103 billions of joanes and we are going to calculate the
[185]
invested capital as we have shown before the first thing is to take
[191]
al铆 bab谩's net worth which is 755 billion joanes now we must add the debt which is 125 joanes videos and
[200]
finally subtract the box which amounts to 362 trillion joanes so the invested capital of al铆 baba
[207]
would be 518 trillion ions if we now divide the 103 bill videos between the 518 two videos
[216]
of the invested capital the result will be It is from 0 to 198 that when multiplying it by 100 we will obtain a
[225]
19 with 8% which is the role of al铆 bab谩, we must bear in mind that the average week of the stock market
[233]
is 13%, therefore if the company has a rolex greater than 13 % as it is in this case we can say
[241]
that the company has an efficiency and quality superior to the majority of listed companies
[254]
this ratio does not measure by itself the quality of a company but it is a very interesting data to
[260]
take into account as charlie would say there is no a single formula needs to know a lot about business and
[267]
human nature and numbers it is not reasonable to expect that there is a magic system to do it
[272]
for you yet vanger also claims that the annual mean king of any listed company is going to
[279]
be very similar to Compound annual return of their shares for example if the dow in the middle
[285]
of a company was 10% over the years and they manage to maintain that figure, it is most likely
[292]
that in the coming years the compound annual profitability of that company will be similar to the 10
[299]
percent per year when hearing these statements by charly we can investigate in several companies
[305]
to see what the average rate has been and what the profitability of the business has been we are going to see
[311]
some examples we are going to start with apple this company has had a roll and a half since 1990
[319]
within 20 percent per year except for the years of the dotcom bubble if we look at the price
[326]
of their shares they have gone from 0 with 2 dollars per share to 116 dollars per share today
[333]
, which means compound interest 23 percent annual share in its shares, something that is very in
[340]
line with what charly manga comments, let's go with another example in this case, let's see walmart if
[347]
we look at the ride the wall mart since 1980 we can see that it was higher in the first decades
[353]
reaching over 25 percent of the role in some years, we can estimate that the return
[360]
on average invested capital of this company is 15 percent if we now look at the
[366]
price of its shares It is we can see that they have gone from 0 with 15 dollars per share to 140 dollars at
[374]
present, which represents a profitability of 18 5% per year and as we see again the percentages
[382]
of roy and profitability are not worth their shares are very similar and before moving on
[389]
Do not forget to subscribe to the last example, press the bell and share it if you like it so let's go with
[397]
the last example Nike in this company we see something similar to the previous ones, the roi was higher
[404]
in the first decades and we can estimate an average of 18 per annual percent on the other hand,
[411]
the shares went from 0 to $ 20 in the year 82 to $ 126 per share today
[418]
, which represents a return of 18.5 percent per year, again coinciding with the statement
[425]
of mangu茅 with this I do not mean that you take a purchase decision based only on this ratio
[431]
you must make a complete analysis of the company and its plans for the next few years if you want to
[437]
learn to analyze actions in this link you have an axis Real example of how to do it I hope it has helped you
[444]
if you want to learn more subscribe and see you in the next video car stock market
Most Recent Videos:
You can go back to the homepage right here: Homepage