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Knoll (KNL) ROC (Joel Greenblatt) % : 1.02% (As of Mar. 2021)


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What is Knoll 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. Knoll's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was 1.02%.

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

KNL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.65   Med: 42.24   Max: 58.14
Current: 2.65

During the past 13 years, Knoll's highest ROC (Joel Greenblatt) % was 58.14%. The lowest was 2.65%. And the median was 42.24%.

KNL's ROC (Joel Greenblatt) % is not ranked
in the Industrial Products industry.
Industry Median: 13.655 vs KNL: 2.65

Knoll's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -29.20% per year.


Knoll ROC (Joel Greenblatt) % Historical Data

The historical data trend for Knoll'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.

Knoll ROC (Joel Greenblatt) % Chart

Knoll Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.90 33.38 43.07 32.05 5.32

Knoll Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 10.91 -9.66 15.60 4.37 1.02

Competitive Comparison of Knoll's ROC (Joel Greenblatt) %

For the Business Equipment & Supplies subindustry, Knoll'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.


Knoll's ROC (Joel Greenblatt) % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Knoll's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Knoll 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. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(83.4 + 193.1 + 51) - (101.1 + 33.8 + 79.7)
=112.9

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(77.6 + 206.5 + 53.1) - (103.7 + 44.1 + 83.9)
=105.5

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Knoll for the quarter that ended in Mar. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2020  Q: Mar. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5.2/( ( (387.1 + max(112.9, 0)) + (418.7 + max(105.5, 0)) )/ 2 )
=5.2/( ( 500 + 524.2 )/ 2 )
=5.2/512.1
=1.02 %

Note: The EBIT data used here is four times the quarterly (Mar. 2021) 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.


Knoll  (NYSE:KNL) 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.


Knoll ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Knoll's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Knoll (KNL) Business Description

Traded in Other Exchanges
N/A
Address
1235 Water Street, East Greenville, PA, USA, 18041
Knoll Inc designs and manufactures appliances for use both in the workplace and at home. The company's product portfolio includes furniture, textiles, leathers, accessories, and architectural and acoustical elements, via the brand's Knoll Office, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck, Edelman Leather, and Holly Hunt. Knoll operates through Office and Lifestyle and Corporate segments.
Executives
Global Furniture Holdings S.a R.l 10 percent owner 23 AVENUE MONTEREY LUXEMBOURG N4 L-2163
David L Schutte officer: EVP - Lifestyle C/O KNOLL, INC. 1235 WATER STREET EAST GREENVILLE PA 18041
Stephanie Stahl director C/O KNOLL, INC., 1235 WATER STREET, EAST GREENVILLE PA 18041
Investindustrial Advisors Ltd 10 percent owner 16 PALACE STREET LONDON X0 SW1E 5JD
Global Furniture Investments S.a R.l. 10 percent owner 23, AVENUE MONTEREY LUXEMBOURG N4 L-2163
Investments Sarl Furniture 10 percent owner 23 AVENUE MONTEREY LUXEMBOURG N4 L-2163
Furniture Investments Management S.a R.l 10 percent owner 23, AVENUE MONTEREY LUXEMBOURG N4 L-2163
Furniture Investments Acquisitions S.c.s. 10 percent owner 23 AVENUE MONTEREY LUXEMBOURG N4 L-2163
Investindustrial Vii L.p. 10 percent owner 16 PALACE STREET LONDON X0 SW1E 5JD
Ronald R Kass director C/O KNOLL, INC. 1235 WATER STREET EAST GREENVILLE PA 18041
Daniel W Dienst director 325 N. LASALLE ST., SUITE 550, CHICAGO IL 60610
Stephen F Fisher director C/O ENTERCOM COMMUNICATIONS CORP., 401 CITY AVENUE, SUITE 809, BALA CYNWYD PA 19004
Christopher G Kennedy director C/O INTERFACE INC, 2859 PACES FERRY ROAD SUITE 2000, ATLANTA GA 30339
Jeffrey Harris director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Sarah E Nash director 200 MILIK STREET, CARTERET NJ 07008