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Plexus Holdings (LSE:POS) ROC (Joel Greenblatt) % : 93.07% (As of Dec. 2023)


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What is Plexus Holdings 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. Plexus Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 93.07%.

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

LSE:POS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -119.86   Med: -44.52   Max: 29
Current: 3.28

During the past 13 years, Plexus Holdings's highest ROC (Joel Greenblatt) % was 29.00%. The lowest was -119.86%. And the median was -44.52%.

LSE:POS's ROC (Joel Greenblatt) % is ranked worse than
64.13% of 1051 companies
in the Oil & Gas industry
Industry Median: 10.56 vs LSE:POS: 3.28

Plexus Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -26.50% per year.


Plexus Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Plexus Holdings'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.

Plexus Holdings ROC (Joel Greenblatt) % Chart

Plexus Holdings 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 -50.07 -62.68 -65.17 -118.39 -119.86

Plexus Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -72.30 -166.78 -96.55 -116.25 93.07

Competitive Comparison of Plexus Holdings's ROC (Joel Greenblatt) %

For the Oil & Gas Equipment & Services subindustry, Plexus Holdings'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.


Plexus Holdings's ROC (Joel Greenblatt) % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Plexus Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Plexus Holdings 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.358 + 2.265 + 3.018) - (1.008 + 0 + 3.639)
=0.994

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.129 + 2.528 + 0) - (5.444 + 0 + 0)
=4.213

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Plexus Holdings for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4.662/( ( (2.042 + max(0.994, 0)) + (2.769 + max(4.213, 0)) )/ 2 )
=4.662/( ( 3.036 + 6.982 )/ 2 )
=4.662/5.009
=93.07 %

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


Plexus Holdings  (LSE:POS) 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.


Plexus Holdings ROC (Joel Greenblatt) % Related Terms

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Plexus Holdings (LSE:POS) Business Description

Traded in Other Exchanges
Address
Yeoman Way, Highdown House, Worthing, West Sussex, GBR, BN99 3HH
Plexus Holdings PLC is active in the business of oil and gas engineering and service. It is engaged in marketing a patented friction-grip method of engineering for oil and gas field wellheads and connectors, named POS-GRIP. The company derives revenue from the sale of its POS-GRIP technology and associated products, the rental of wellheads utilizing the POS-GRIP technology, and service income principally derived from assisting with the commissioning and ongoing service requirements of its equipment. It operates its business across the world. The majority of the revenue of the company is generated from the United Kingdom followed by Europe and the Rest of the world.

Plexus Holdings (LSE:POS) Headlines

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