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John Lewis of Hungerford (LSE:JLH) ROC (Joel Greenblatt) % : -2.16% (As of Dec. 2022)


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What is John Lewis of Hungerford 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. John Lewis of Hungerford's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -2.16%.

The historical rank and industry rank for John Lewis of Hungerford's ROC (Joel Greenblatt) % or its related term are showing as below:

LSE:JLH's ROC (Joel Greenblatt) % is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 12.73
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


John Lewis of Hungerford ROC (Joel Greenblatt) % Historical Data

The historical data trend for John Lewis of Hungerford'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.

John Lewis of Hungerford ROC (Joel Greenblatt) % Chart

John Lewis of Hungerford Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Jun19 Jun20 Jun21 Jun22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.98 -1.80 -17.73 7.48 5.35

John Lewis of Hungerford Semi-Annual Data
Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
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 -4.65 20.12 1.59 9.49 -2.16

Competitive Comparison of John Lewis of Hungerford's ROC (Joel Greenblatt) %

For the Furnishings, Fixtures & Appliances subindustry, John Lewis of Hungerford'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.


John Lewis of Hungerford's ROC (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, John Lewis of Hungerford's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where John Lewis of Hungerford's ROC (Joel Greenblatt) % falls into.



John Lewis of Hungerford 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: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.525 + 0.252 + 0.081999999999999) - (1.738 + 0 + 2.45)
=-3.329

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.712 + 0.234 + 0.082) - (0 + 0 + 3.639)
=-1.611

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of John Lewis of Hungerford for the quarter that ended in Dec. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Dec. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.1/( ( (4.705 + max(-3.329, 0)) + (4.547 + max(-1.611, 0)) )/ 2 )
=-0.1/( ( 4.705 + 4.547 )/ 2 )
=-0.1/4.626
=-2.16 %

Note: The EBIT data used here is two times the semi-annual (Dec. 2022) 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.


John Lewis of Hungerford  (LSE:JLH) 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.


John Lewis of Hungerford ROC (Joel Greenblatt) % Related Terms

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John Lewis of Hungerford (LSE:JLH) Business Description

Traded in Other Exchanges
N/A
Address
Downsview Road, Grove Business Park, Wantage, Oxfordshire, GBR, OX12 9FA
John Lewis of Hungerford PLC is a UK-based company that designs, manufactures, retails, and installs kitchens, bedrooms, freestanding furniture, and architectural components for its customers through its showrooms across the United Kingdom. It also operates an online business under the name of Just Doors for replacement kitchen cabinet doors. The company offers furniture such as Dressers, Tables, Chairs, and others, as well as painted kitchen collections and fitted bedroom collections. It operates its business in single-segment, being Manufacture, supplying, and installation of kitchen units, bedrooms, and furniture. The group's revenue is derived from the UK.

John Lewis of Hungerford (LSE:JLH) Headlines

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