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KOZO KEIKAKU ENGINEERING (TSE:4748) ROC (Joel Greenblatt) % : 64.54% (As of Mar. 2024)


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What is KOZO KEIKAKU ENGINEERING 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. KOZO KEIKAKU ENGINEERING's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 64.54%.

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

TSE:4748' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.34   Med: 20.26   Max: 38.14
Current: 37.4

During the past 13 years, KOZO KEIKAKU ENGINEERING's highest ROC (Joel Greenblatt) % was 38.14%. The lowest was 13.34%. And the median was 20.26%.

TSE:4748's ROC (Joel Greenblatt) % is ranked better than
70.23% of 1663 companies
in the Construction industry
Industry Median: 17.92 vs TSE:4748: 37.40

KOZO KEIKAKU ENGINEERING's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 13.80% per year.


KOZO KEIKAKU ENGINEERING ROC (Joel Greenblatt) % Historical Data

The historical data trend for KOZO KEIKAKU ENGINEERING'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.

KOZO KEIKAKU ENGINEERING ROC (Joel Greenblatt) % Chart

KOZO KEIKAKU ENGINEERING Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.75 33.27 32.70 32.47 38.14

KOZO KEIKAKU ENGINEERING Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 48.83 96.56 -19.59 8.77 64.54

Competitive Comparison of KOZO KEIKAKU ENGINEERING's ROC (Joel Greenblatt) %

For the Engineering & Construction subindustry, KOZO KEIKAKU ENGINEERING'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.


KOZO KEIKAKU ENGINEERING's ROC (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, KOZO KEIKAKU ENGINEERING's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where KOZO KEIKAKU ENGINEERING's ROC (Joel Greenblatt) % falls into.



KOZO KEIKAKU ENGINEERING 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)
=(2970.701 + 392.751 + 1798.25) - (919.688 + 0 + 2421.192)
=1820.822

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4001.684 + 456.244 + 2323.244) - (790.396 + 0 + 3558.702)
=2432.074

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of KOZO KEIKAKU ENGINEERING for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4941.244/( ( (5461.651 + max(1820.822, 0)) + (5597.158 + max(2432.074, 0)) )/ 2 )
=4941.244/( ( 7282.473 + 8029.232 )/ 2 )
=4941.244/7655.8525
=64.54 %

Note: The EBIT data used here is four times the quarterly (Mar. 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.


KOZO KEIKAKU ENGINEERING  (TSE:4748) 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.


KOZO KEIKAKU ENGINEERING ROC (Joel Greenblatt) % Related Terms

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KOZO KEIKAKU ENGINEERING (TSE:4748) Business Description

Traded in Other Exchanges
N/A
Address
4-38-13 Hon-cho, Nakano-ku, Tokyo, JPN, 164-0012
KOZO KEIKAKU ENGINEERING Inc is an engineering consulting company. It is engaged in structural design. Its work includes analysis and simulation of natural phenomena that surround man-made structures, software development in the telecommunication field, sales and customizing services of CAD/CAE software for the manufacturing field, and consulting service for the human decision support field. Some of its solutions include Statistical software, CAD Integration, Rapid Radio Prototyping, Application Development, GPS-Studio, GNSS Signal Generator, and others.

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