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At Home Group (At Home Group) ROC (Joel Greenblatt) % : 16.13% (As of Apr. 2021)


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What is At Home 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. At Home Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2021 was 16.13%.

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

HOME's ROC (Joel Greenblatt) % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 10.03
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


At Home Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for At Home 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.

At Home Group ROC (Joel Greenblatt) % Chart

At Home Group Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 17.20 17.04 10.69 -10.87 -3.78

At Home Group Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21
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 -68.87 23.18 13.10 19.47 16.13

Competitive Comparison of At Home Group's ROC (Joel Greenblatt) %

For the Specialty Retail subindustry, At Home 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.


At Home Group's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, At Home Group's ROC (Joel Greenblatt) % distribution charts can be found below:

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



At Home 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: Jan. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 364.473 + 25.075) - (300.655 + 10.732 + 3.7900000000001)
=74.371

Working Capital(Q: Apr. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 369.014 + 31.632) - (287.342 + 10.631 + 7.42)
=95.253

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of At Home Group for the quarter that ended in Apr. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Apr. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2021  Q: Apr. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=336.676/( ( (1978.286 + max(74.371, 0)) + (2026.291 + max(95.253, 0)) )/ 2 )
=336.676/( ( 2052.657 + 2121.544 )/ 2 )
=336.676/2087.1005
=16.13 %

Note: The EBIT data used here is four times the quarterly (Apr. 2021) 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.


At Home Group  (NYSE:HOME) 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.


At Home Group ROC (Joel Greenblatt) % Related Terms

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At Home Group (At Home Group) Business Description

Traded in Other Exchanges
N/A
Address
1600 East Plano Parkway, Plano, TX, USA, 75074
At Home Group Inc operates home decor superstores in the United States. The company's stores offer approximately 50,000 items, such as accent furniture, mirrors, patio cushions, rugs and wall arts, artificial flowers and trees, bedding and bath products, candles, garden and outdoor decor, holiday accessories, home organization, pillows, pottery, vases, and window treatments.
Executives
Sumit Anand officer: Chief Information Officer AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074
Laura L. Bracken officer: Chief Accounting Officer AT HOME GROUP INC., 1600 EAST PLANO PARKWAY, PLANO TX 75074
Chad C Stauffer officer: Chief Merchandising Officer AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074
Jeffrey R Knudson officer: Chief Financial Officer C/O AMN HEALTHCARE SERVICES INC., 8840 CYPRESS WATERS BOULEVARD, SUITE 300, DALLAS TX 75019
Norman E Mcleod officer: Chief Development Officer AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074
Ashley F Sheetz officer: Chief Marketing Officer AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074
Peter Sg Corsa officer: President and COO AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074
Mary Jane Broussard officer: GC and Corporate Secretary AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074
Clifford Sosin 10 percent owner 8 WRIGHT STREET, 1ST FL, WESTPORT CT 06880
Aea Investors Lp 10 percent owner 666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Aea Management (cayman) Ltd 10 percent owner P. O. BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Bird Lewis L Iii director, officer: Chairman, CEO and President AT HOME GROUP INC., 1600 EAST PLANO PARKWAY, PLANO TX 75074
Catherine Aslin officer: Chief Human Resources Officer AT HOME GROUP INC., 1600 EAST PLANO PARKWAY, PLANO TX 75074
Joanne C. Crevoiserat director 6301 FITCH PATH, NEW ALBANY OH 43054
Philip L Francis director AT HOME GROUP INC., 1600 EAST PLANO PARKWAY, PLANO TX 75074

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