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Motorcar Parts of America ROC (Joel Greenblatt) %

: 5.53% (As of Mar. 2022)
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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. Motorcar Parts of America's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 5.53%.

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

MPAA' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.39   Med: 100.55   Max: 404.3
Current: 9.07

During the past 13 years, Motorcar Parts of America's highest ROC (Joel Greenblatt) % was 404.30%. The lowest was 7.39%. And the median was 100.55%.

MPAA's ROC (Joel Greenblatt) % is ranked worse than
52.75% of 1236 companies
in the Vehicles & Parts industry
Industry Median: 10.01 vs MPAA: 9.07

Motorcar Parts of America's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -48.90% per year.


Motorcar Parts of America ROC (Joel Greenblatt) % Historical Data

The historical data trend for Motorcar Parts of America'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.

Motorcar Parts of America Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.13 10.23 7.39 17.05 9.14

Motorcar Parts of America Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
ROC (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only 8.31 7.96 12.20 10.71 5.53

Competitive Comparison

For the Auto Parts subindustry, Motorcar Parts of America'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.

   

Motorcar Parts of America ROC (Joel Greenblatt) % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Motorcar Parts of America's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Motorcar Parts of America's ROC (Joel Greenblatt) % falls into.



Motorcar Parts of America 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. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(57.691 + 358.738 + 11.743) - (186.647 + 40.19 + 6.708)
=194.627

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(85.075 + 385.504 + 13.387) - (206.521 + 42.496 + 11.93)
=223.019

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Motorcar Parts of America for the quarter that ended in Mar. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Mar. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=18.9/( ( (132.665 + max(194.627, 0)) + (133.059 + max(223.019, 0)) )/ 2 )
=18.9/( ( 327.292 + 356.078 )/ 2 )
=18.9/341.685
=5.53 %

Note: The EBIT data used here is four times the quarterly (Mar. 2022) 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.


Motorcar Parts of America  (NAS:MPAA) 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.


Motorcar Parts of America ROC (Joel Greenblatt) % Related Terms

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Motorcar Parts of America Business Description

Motorcar Parts of America logo
Traded in Other Exchanges
Address
2929 California Street, Torrance, CA, USA, 90503
Motorcar Parts of America Inc is a US-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the US, of which a majority of the revenue is derived from the sales of rotating electrical products.
Executives
Warfield Patricia W director 2929 CALIFORNIA STREET TORRANCE CA 90503
Rankin Jamy P. director C/O MOTOR CAR PARTS OF AMERICA, INC. 2929 CALIFORNIA STREET TORRANCE CA 90503
Shah Kamlesh officer: Chief Accounting Officer C/O MOTORCAR PARTS OF AMERICA, INC. 2929 CALIFORNIA STREET TORRANCE CA 90503
Stone Juliet Lynn officer: VP, Gen Counsel and Secretary C/O MOTORCAR PARTS OF AMERICA, INC. 2020 CALIFORNIA STREET TORRANCE CA 90503
Vargo Timothy D director 700 KEOUGH DRIVE PIPERTON TN 38017
Whittaker Barbara L director 1594 HERONWOOD COURT BLOOMFIELD HILLS MI 48302
Ferguson Joseph Edwin director 5103 SOUTH GARTH AVENUE LOS ANGELES CA 90056
Bryan David director 605 STAPP ROAD BOULDER CREEK CA 95006
Schooner Douglas Earl officer: Vice President, Manufacturing 2929 CALIFORNIA STREET TORRANCE CA 90503
Borneo Rudolph J director 50 O'FARRELL STREET SAN FRANCISCO CA 94108
Gay Philip director 6300 CANOGA AVENUE SUITE 1700 WOODLAND HILLS CA 91367
Lee David Sung officer: CFO 2929 CALIFORNIA STREET TORRANCE CA 90503
Selwyn Joffe director, officer: President, CEO & Chairman
Kratz Steven officer: Chief Operating Officer 2929 CALIFORNIA STREET C/O MORTORCAR PARTS OF AMERICA INC TORRANCE CA 90503
Daly Kevin Gerard officer: Chief Accounting Officer 2929 CALIFORNIA STREET TORRANCE CA 90503

Motorcar Parts of America Headlines

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