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. Academy Sports and Outdoors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2023 was 46.13%.
The historical rank and industry rank for Academy Sports and Outdoors's ROC (Joel Greenblatt) % or its related term are showing as below:
ASO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.32 Med: 23.59 Max: 57.94
Current: 48.69
During the past 6 years, Academy Sports and Outdoors's highest ROC (Joel Greenblatt) % was 57.94%. The lowest was 12.32%. And the median was 23.59%.
ASO's ROC (Joel Greenblatt) % is ranked better than 86.4% of 1103
companies
in the Retail - Cyclical industry
Industry Median: 10.16
vs ASO: 48.69
Academy Sports and Outdoors's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Academy Sports and Outdoors ROC (Joel Greenblatt) % Historical Data
The historical data trend for Academy Sports and Outdoors'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.
Academy Sports and Outdoors Annual Data
Trend
Jan18
Jan19
Jan20
Jan21
Jan22
Jan23
ROC (Joel Greenblatt) %
12.32
14.19
23.59
57.94
49.58
Academy Sports and Outdoors Quarterly Data
Jan18
Jan19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
ROC (Joel Greenblatt) %
49.50
49.72
59.37
39.50
46.13
Competitive Comparison
For the Specialty Retail subindustry, Academy Sports and Outdoors'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.
Academy Sports and Outdoors ROC (Joel Greenblatt) % Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, Academy Sports and Outdoors's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Academy Sports and Outdoors's ROC (Joel Greenblatt) % falls in comparison to its industry or sector. The grey bar indicates the ROC (Joel Greenblatt) %'s extreme value range as defined by GuruFocus.
Academy Sports and Outdoors 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:
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.
Note:
The EBIT data used here is four times the quarterly (Jan. 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.
Academy Sports and Outdoors (NAS:ASO) 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.
Academy Sports and Outdoors ROC (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Academy Sports and Outdoors's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Academy Sports and Outdoors (NAS:ASO) Business Description
Academy Sports and Outdoors Inc is engaged in the retail business of sporting goods and outdoor recreation products. The company offers outdoor clothing, backpacks, sunglasses, luggage items, shooting equipment, fishing equipment, boating and water sports equipment, backyard recreation products, outdoor cooking equipment, fitness equipment, electronic items, dog supplies, and other products.
Create New Portfolio
Portfolio Contest
Personalize
Premium Gurus 
2.4(3.82%) Volume: 1,646,183 4:00PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
ASO has been successfully added to your 
