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Supply Network (ASX:SNL) ROC (Joel Greenblatt) % : 36.88% (As of Jun. 2024)


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What is Supply Network 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. Supply Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 36.88%.

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

ASX:SNL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.31   Med: 32.73   Max: 36.83
Current: 36.48

During the past 13 years, Supply Network's highest ROC (Joel Greenblatt) % was 36.83%. The lowest was 22.31%. And the median was 32.73%.

ASX:SNL's ROC (Joel Greenblatt) % is ranked better than
86.25% of 1302 companies
in the Vehicles & Parts industry
Industry Median: 13.015 vs ASX:SNL: 36.48

Supply Network's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 7.20% per year.


Supply Network ROC (Joel Greenblatt) % Historical Data

The historical data trend for Supply Network'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.

Supply Network ROC (Joel Greenblatt) % Chart

Supply Network Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.31 24.63 32.46 36.83 36.42

Supply Network Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 31.18 37.97 37.17 36.12 36.88

Competitive Comparison of Supply Network's ROC (Joel Greenblatt) %

For the Auto Parts subindustry, Supply Network'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.


Supply Network's ROC (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Supply Network's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Supply Network 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26.927 + 97.402 + 1.283) - (42.735 + 1.689 + 1.43)
=79.758

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34.027 + 103.084 + 4.029) - (40.868 + 3.124 + 1.627)
=95.521

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Supply Network for the quarter that ended in Jun. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=50.816/( ( (51.18 + max(79.758, 0)) + (49.121 + max(95.521, 0)) )/ 2 )
=50.816/( ( 130.938 + 144.642 )/ 2 )
=50.816/137.79
=36.88 %

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) 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.


Supply Network  (ASX:SNL) 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.


Supply Network ROC (Joel Greenblatt) % Related Terms

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Supply Network Business Description

Traded in Other Exchanges
N/A
Address
1 Turnbull Close, Pemulwuy, Sydney, NSW, AUS, 2145
Supply Network Ltd is a company that engages in the provision of aftermarket parts to the commercial vehicle industry. It operates in Australia and New Zealand under the Multispares brand. The Group operates predominantly in one business segment the provision of aftermarket parts for the commercial vehicle market. The group derives the majority of its revenue from Australia.

Supply Network Headlines

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