Regal Entertainment Group (Regal Entertainment Group) ROC (Joel Greenblatt) % : 26.28% (As of Dec. 2017)

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What is Regal Entertainment 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. Regal Entertainment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was 26.28%.

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

RGC's ROC (Joel Greenblatt) % is not ranked ^*
in the Media - Diversified industry.
Industry Median: 10.29
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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

Regal Entertainment Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for Regal Entertainment 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.

Regal Entertainment Group ROC (Joel Greenblatt) % Chart

Regal Entertainment Group Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROC (Joel Greenblatt) %

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23.43

21.14

23.68

24.64

20.37

Regal Entertainment Group Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															25.74	29.71	16.83	9.18	26.28

Competitive Comparison of Regal Entertainment Group's ROC (Joel Greenblatt) %

For the Broadcasting subindustry, Regal Entertainment 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.

Regal Entertainment Group's ROC (Joel Greenblatt) % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Regal Entertainment Group's ROC (Joel Greenblatt) % distribution charts can be found below:

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

Regal Entertainment 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: Sep. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(57.8	+	23.9	+	32.5)	-	(201.2	+	150.2	+	5.6843418860808E-14)
=	-237.2

	Working Capital		(Q: Dec. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(184	+	22.9	+	27.6)	-	(308.7	+	186.2	+	39.9)
=	-300.3

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Regal Entertainment Group for the quarter that ended in Dec. 2017 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2017		Q: Dec. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	395.6	/	( ( (1497.2 + max(-237.2, 0))	+	(1513.2 + max(-300.3, 0)) )	/	2 )
=	395.6	/	( ( 1497.2	+	1513.2 )	/	2 )
=	395.6	/	1505.2
=	26.28 %

Note: The EBIT data used here is four times the quarterly (Dec. 2017) EBIT data.

Regal Entertainment Group (NYSE:RGC) 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.

Regal Entertainment Group ROC (Joel Greenblatt) % Related Terms

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Regal Entertainment Group (Regal Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Regal Entertainment Group (NYSE:RGC) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.regmovies.com

Regal is the largest movie theater circuit in the United States.Â It operates more than 6,300 screens in 39 states, including 44 of the top 50 designated market areas. Regal generated nearly $3 billion of revenue, approximately 70% of which was from ticket sales, 25% from concessions sales, and the remaining 5% from other streams, such as on-screen advertising and in-lobby video games. Most of Regal's theaters are located in midsize cities and suburban areas of larger cities.

Executives

Amy E Miles	director, officer: Chief Executive Officer
David H Keyte	director	1615 WYNKOOP STREET, DENVER CO 80902
Lee M Thomas	director	133 PEACHTREE ST NE, 41ST FL, ATLANTA GA 30303
Alex Yemenidjian	director	C/O GUESS?, INC., 1444 SOUTH ALAMEDA STREET, LOS ANGELES CA 90021
Bell Thomas D Jr	director
Charles E Brymer	director	437 MADISON AVENUE, NEW YORK NY 10022
Philip F Anschutz	10 percent owner	2400 ANACONDA TOWER 555 SEVENTEENTH ST, C/O ANSCHUTZ CO STE 2400, DENVER CO 80202
Michael L Campbell	director	7132 REGAL LANE, KNOXVILLE TN 37918
Peter B Brandow	officer: EVP, General Counsel, Sec.	C/O REGAL ENTERTAINMENT GROUP, 7132 REGAL LANDE, KNOXVILLE TN 37918
Stephen A Kaplan	director	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Anschutz Co	10 percent owner	555 SEVENTEENTH STREET, SUITE 2400, DENVER CO 80202
Oaktree Capital Management Lp	10 percent owner	333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071
Ocm Principal Opportunities Fund Ii Lp	10 percent owner
Kurt C Hall	other: Former Co-Chairman and Co-CEO	C/O REGAL ENTERTAINMENT GROUP, 7132 REGAL LANDE, KNOXVILLE TN 37918
Michael J Dolan	director	C/O MATTEL INC, 333 CONTINENTAL BLVD M-1518, EL SEGUNDO CA 90245