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Mac House Co (TSE:7603) ROC (Joel Greenblatt) % : -29.32% (As of Nov. 2023)


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What is Mac House 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. Mac House Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was -29.32%.

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

TSE:7603' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -117.85   Med: -19.49   Max: 72.01
Current: -46.34

During the past 13 years, Mac House Co's highest ROC (Joel Greenblatt) % was 72.01%. The lowest was -117.85%. And the median was -19.49%.

TSE:7603's ROC (Joel Greenblatt) % is ranked worse than
88.89% of 1107 companies
in the Retail - Cyclical industry
Industry Median: 10.03 vs TSE:7603: -46.34

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


Mac House Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Mac House 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.

Mac House Co ROC (Joel Greenblatt) % Chart

Mac House Co Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -40.65 -77.47 -117.85 -116.33 -88.21

Mac House Co Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 -23.48 -93.57 -16.81 -57.72 -29.32

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

For the Apparel Retail subindustry, Mac House 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.


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

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

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



Mac House 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: Aug. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(421 + 3778 + 254) - (692 + 0 + 2297)
=1464

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(790 + 4615 + 197) - (1271 + 0 + 2470)
=1861

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Nov. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2023  Q: Nov. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-672/( ( (644 + max(1464, 0)) + (615 + max(1861, 0)) )/ 2 )
=-672/( ( 2108 + 2476 )/ 2 )
=-672/2292
=-29.32 %

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


Mac House Co  (TSE:7603) 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.


Mac House Co ROC (Joel Greenblatt) % Related Terms

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Mac House Co (TSE:7603) Business Description

Traded in Other Exchanges
N/A
Address
Shin-KoenjiTwinBuilding, 1-7-7 Umesato, Suginami-ku, Tokyo, JPN, 166-0011
Mac House Co., Ltd. is a retailer. The company focuses on casual clothing and operates a chain of stores worldwide. Some of its products include Jeans, Hat cap, Muffler, Belt, Sneakers, Socks, Sweater, Jackets, Inner shirts, Tops, Bottoms, Coats, Knit cardigan, and others.

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