Pep Boys - Manny Moe & Jack (Pep Boys - Manny Moe & Jack) ROC (Joel Greenblatt) % : 2.74% (As of Oct. 2015)

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What is Pep Boys - Manny Moe & Jack 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. Pep Boys - Manny Moe & Jack's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2015 was 2.74%.

The historical rank and industry rank for Pep Boys - Manny Moe & Jack's ROC (Joel Greenblatt) % or its related term are showing as below:

PBY's ROC (Joel Greenblatt) % is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 12.3
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Pep Boys - Manny Moe & Jack's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.

Pep Boys - Manny Moe & Jack ROC (Joel Greenblatt) % Historical Data

The historical data trend for Pep Boys - Manny Moe & Jack'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.

Pep Boys - Manny Moe & Jack ROC (Joel Greenblatt) % Chart

Pep Boys - Manny Moe & Jack Annual Data

Trend

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

ROC (Joel Greenblatt) %

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10.09

8.70

7.99

3.62

-2.66

Pep Boys - Manny Moe & Jack Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															0.53	-16.28	13.58	6.15	2.74

Competitive Comparison of Pep Boys - Manny Moe & Jack's ROC (Joel Greenblatt) %

For the Auto Parts subindustry, Pep Boys - Manny Moe & Jack'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.

Pep Boys - Manny Moe & Jack's ROC (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Pep Boys - Manny Moe & Jack's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Pep Boys - Manny Moe & Jack's ROC (Joel Greenblatt) % falls into.

Pep Boys - Manny Moe & Jack 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: Jul. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(29.762	+	636.692	+	74.163)	-	(561.871	+	65.542	+	0)
=	113.204

	Working Capital		(Q: Oct. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(31.743	+	630.608	+	63.798)	-	(546.203	+	65.615	+	0)
=	114.331

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Pep Boys - Manny Moe & Jack for the quarter that ended in Oct. 2015 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2015		Q: Oct. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	19.08	/	( ( (587.805 + max(113.204, 0))	+	(579.3 + max(114.331, 0)) )	/	2 )
=	19.08	/	( ( 701.009	+	693.631 )	/	2 )
=	19.08	/	697.32
=	2.74 %

Note: The EBIT data used here is four times the quarterly (Oct. 2015) EBIT data.

Pep Boys - Manny Moe & Jack (NYSE:PBY) 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.

Pep Boys - Manny Moe & Jack ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Pep Boys - Manny Moe & Jack's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.

Pep Boys - Manny Moe & Jack (Pep Boys - Manny Moe & Jack) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pep Boys - Manny Moe & Jack (NYSE:PBY) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.pepboys.com

Pep Boys - Manny Moe & Jack began operations in 1921. The Company together with its subsidiaries offers automotive service, tires, parts and accessories. The Company operates in the U.S. automotive aftermarket, which has two general lines of business: the Service business, commonly known as Do-It-For-Me, or "DIFM" (service labor, installed merchandise and tires) and the Retail business, commonly known as Do-It-Yourself, or "DIY" (retail merchandise) and commercial. The Company's store format is the Supercenter, which serves both "DIFM" and "DIY" customers with quality service offerings and merchandise. The Company is complementing the existing Supercenter store base with Service & Tire Centers. These Service & Tire Centers are designed to capture market share and leverage the existing Supercenter and support infrastructure. The Company currently operates stores in 35 states and Puerto Rico. The Company has eight operating segments defined by geographic regions. Each Pep Boys Supercenter carries a similar product line, with variations based on the number and type of cars in the market where the store is located. A Pep Boys Service & Tire Center carries tires and a limited selection of its products. The Company's product lines include: tires batteries; new and remanufactured parts for domestic and import vehicles; chemicals and maintenance items; fashion, electronic, and performance accessories; and a limited amount of select non-automotive merchandise. In addition to offering various high quality name brand products, the Company sells an array of high quality products under various private label names. The Company sells tires under the names DEFINITY, FUTURA and CORNELL, and batteries under the name PROSTART. It also sells wheel covers under the name FUTURA; air filters, anti-freeze, chemicals, cv axles, hub assemblies, lubricants, oil, oil filters, oil treatments, transmission fluids, custom wheels and wiper blades under the name PROLINE; alternators, battery booster packs, alkaline type batteries and starters under the name PROSTART; power steering hoses, chassis parts and power steering pumps under the name PROSTEER; brakes under the name PROSTOP and brakes, batteries, starters, ignitions and chassis under the name VALUEGRADE. The Company's commercial automotive parts delivery program, branded PEP EXPRESS PARTS, is designed to increase the Company's market share with the professional installer and to leverage its inventory investment. The program satisfies the commercial customer's automotive inventory needs by taking advantage of the breadth and quality of the Company's parts inventory as well as its experience supplying its own service bays and mechanics. The Company has a point-of-sale system in all of its stores, which gathers sales and inventory data by stock-keeping unit from each store on a daily basis. It has an electronic parts catalog that allows its associates to efficiently look up the parts that its customers need

Executives

Andrea Weiss	director	23 RAMRAPO COURT WEST, GLENROCK NJ 07452
James A Mitarotonda	director	888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Robert L Nardelli	director	2455 PACES FERRY ROAD, ATLANTA GA 30339
Liebau Frederic Jack Jr	director	P.O. BOX 2200, PASADENA CA 91102-2200
Robert H Hotz	director	C/O MIKASA, 20633 S FORDYCE AVENUE, LONG BEACH CA 90810
Robert Rosenblatt	director	C/O TOMMY HILFIGER USA INC, 25 W 39TH STREET, NEW YORK NY 10018
Jane Scaccetti	director	3111 W ALLEGHENY AVE, PHILADELPHIA PA 19132
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Scott P Sider	director, officer: Chief Executive Officer	THE HERTZ CORPORATION, 225 BRAE BOULEVARD, PARK RIDGE NJ 07656
Matthew Goldfarb	director	C/O DIEBOLD NIXDORF, INCORPORATED, 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Icahn Enterprises Holdings L.p.	10 percent owner	16690 COLLINS AVE,, PH, SUNNY ISLES FL 33160
Carl C Icahn	10 percent owner	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Gamco Investors, Inc. Et Al	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830