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Sanrio Co (Sanrio Co) ROC (Joel Greenblatt) % : 242.66% (As of Dec. 2023)


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What is Sanrio Co 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. Sanrio Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 242.66%.

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

SNROF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.91   Med: 52.87   Max: 188.58
Current: 188.58

During the past 13 years, Sanrio Co's highest ROC (Joel Greenblatt) % was 188.58%. The lowest was -15.91%. And the median was 52.87%.

SNROF's ROC (Joel Greenblatt) % is ranked better than
97.2% of 1108 companies
in the Retail - Cyclical industry
Industry Median: 9.975 vs SNROF: 188.58

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


Sanrio Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Sanrio Co'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.

Sanrio Co ROC (Joel Greenblatt) % Chart

Sanrio Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.25 8.77 -15.84 33.64 96.73

Sanrio Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 175.71 67.46 203.45 228.59 242.66

Competitive Comparison of Sanrio Co's ROC (Joel Greenblatt) %

For the Specialty Retail subindustry, Sanrio Co'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.


Sanrio Co's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Sanrio Co's ROC (Joel Greenblatt) % falls into.



Sanrio Co 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(75.045 + 43.119 + 8.624) - (59.339 + 0 + 81.01)
=-13.561

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(97.658 + 52.75 + 9.2159999999999) - (73.35 + 0 + 95.241)
=-8.9670000000001

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Sanrio Co for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=231.752/( ( (93.199 + max(-13.561, 0)) + (97.811 + max(-8.9670000000001, 0)) )/ 2 )
=231.752/( ( 93.199 + 97.811 )/ 2 )
=231.752/95.505
=242.66 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.


Sanrio Co  (OTCPK:SNROF) 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.


Sanrio Co ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Sanrio Co's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sanrio Co (Sanrio Co) Business Description

Traded in Other Exchanges
Address
1-11-1, Osaki, Shinagawa-Ku, Tokyo, JPN, 141-8603
Sanrio Co Ltd is a Japanese specialty retailer that designs, licenses, and produces stationery, accessories, toys, school supplies, and gifts. The products incorporate characters from the Japanese culture, like the popular Hello Kitty. The portfolio consists of the following product categories: characters, supercute, bags, jewelry, travel and gear, home and office, plush and toys, and apparel. The main markets are China, Europe, Hong Kong, the United States, and Brazil.

Sanrio Co (Sanrio Co) Headlines

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