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Alon Blue Square Israel (Alon Blue Square Israel) ROC (Joel Greenblatt) % : 213.78% (As of Mar. 2016)


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What is Alon Blue Square Israel 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. Alon Blue Square Israel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2016 was 213.78%.

The historical rank and industry rank for Alon Blue Square Israel's ROC (Joel Greenblatt) % or its related term are showing as below:

BSIRY's ROC (Joel Greenblatt) % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 9.975
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Alon Blue Square Israel's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Alon Blue Square Israel ROC (Joel Greenblatt) % Historical Data

The historical data trend for Alon Blue Square Israel'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.

Alon Blue Square Israel ROC (Joel Greenblatt) % Chart

Alon Blue Square Israel Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.92 11.66 0.71 1.95 -4.43

Alon Blue Square Israel Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 6.27 -82.87 8.14 111.57 213.78

Competitive Comparison of Alon Blue Square Israel's ROC (Joel Greenblatt) %

For the Department Stores subindustry, Alon Blue Square Israel'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.


Alon Blue Square Israel's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Alon Blue Square Israel's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Alon Blue Square Israel's ROC (Joel Greenblatt) % falls into.



Alon Blue Square Israel 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: Dec. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.99 + 0 + 722.021) - (140.359 + 0 + 576.41)
=6.242

Working Capital(Q: Mar. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.954 + 0 + 697.473) - (132.235 + 0 + 547.213)
=25.979

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Alon Blue Square Israel for the quarter that ended in Mar. 2016 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2015  Q: Mar. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=93.54/( ( (27.701 + max(6.242, 0)) + (27.588 + max(25.979, 0)) )/ 2 )
=93.54/( ( 33.943 + 53.567 )/ 2 )
=93.54/43.755
=213.78 %

Note: The EBIT data used here is four times the quarterly (Mar. 2016) 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.


Alon Blue Square Israel  (OTCPK:BSIRY) 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.


Alon Blue Square Israel ROC (Joel Greenblatt) % Related Terms

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Alon Blue Square Israel (Alon Blue Square Israel) Business Description

Traded in Other Exchanges
N/A
Address
Alon Blue Square Israel Ltd was incorporated in June 1988 as a company under the laws of the State of Israel. The Company owns and operates supermarkets and retail outlets. It operates in four reporting segments: Supermarkets, Fueling and Commercial sites, Non-Food Retail & Wholesale, and Real Estate. In its Supermarkets segment, it is a food retailer in the State of Israel. In its Fueling and Commercial Sites segment, it operates a chain of filling stations and convenience stores in different formats in Israel. In its 'Non-Food' segment, it sells 'Non-Food' items both in its supermarkets and in stand alone outlets. In its Real Estate segment, it owns leases and develops yield-generating commercial properties and residency projects. Through its supermarkets, it offers a range of food and beverage products and 'Non-Food' items, such as houseware, small electrical appliances, computers and computer accessories, entertainment products and textile products, and 'Near-Food' products, such as health and beauty aids, products for babies, cosmetics and hygiene products. It also operates several houseware departments within its large stores. Through its stand alone 'Non-Food' outlets, it offers a range of houseware and home textile, toys, leisure and baby products. The Company competes with the other supermarket chain, Shufersal, low-priced smaller supermarket chains, independent grocers, open-air markets, and other retailers selling supermarket goods. Its non-food business is subject to Israeli laws relating to imports, customs, labeling of products and consumer protection laws, as well as to labor laws and license and permit laws as apply to the operation of its network of stores. The Company is subject to safety tests, quality control and certification by the Standards Institution of Israel.

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