Winmark ROC (Joel Greenblatt) %

: 1,099.56% (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. Winmark's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 1,099.56%.

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

WINA' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 675.02 Med: 2319.96 Max: 6176.29
Current: 1018.33

During the past 13 years, Winmark's highest ROC (Joel Greenblatt) % was 6176.29%. The lowest was 675.02%. And the median was 2319.96%.

WINA's ROC (Joel Greenblatt) % is ranked better than
99.46% of 1115 companies
in the Retail - Cyclical industry
Industry Median: 11.37 vs WINA: 1018.33

Winmark's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -35.60% per year.

Winmark ROC (Joel Greenblatt) % Historical Data

The historical data trend for Winmark'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.

Winmark Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROC (Joel Greenblatt) %

6,176.29

6,173.54

1,194.33

675.02

976.16

Winmark 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) %																922.36	895.85	1,061.71	1,025.45	1,099.56

Competitive Comparison

For the Specialty Retail subindustry, Winmark'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.

Annual Data Quarterly Data

Winmark ROC (Joel Greenblatt) % Distribution

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

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

Winmark 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)
=	(0.029	+	0.325	+	1.038)	-	(3.014	+	1.645	+	1.086)
=	-4.353

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.473	+	0.492	+	1.04)	-	(6.786	+	1.634	+	1.7763568394003E-15)
=	-5.415

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Winmark 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 )
=	53.752	/	( ( (4.959 + max(-4.353, 0))	+	(4.818 + max(-5.415, 0)) )	/	2 )
=	53.752	/	( ( 4.959	+	4.818 )	/	2 )
=	53.752	/	4.8885
=	1,099.56 %

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

Winmark (NAS:WINA) 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.

Winmark ROC (Joel Greenblatt) % Related Terms

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

Winmark Business Description

Industry

Consumer Cyclical » Retail - Cyclical NAICS : 533110 SIC : 5999

Comparable Companies

NAS:FLWS NYSE:HZO NAS:BBBY NAS:EVGO NAS:TA NYSE:AAN NAS:SPWH NAS:BWMX NAS:LE NYSE:TCS SHSE:601888 TSX:ATD NYSE:AZO NAS:ORLY NAS:TSCO NAS:ULTA NYSE:GPC NYSE:BBY ADX:ADNOCDIST NYSE:AAP

Traded in Other Exchanges

N/A

Address

605 Highway 169 North, Suite 400, Minneapolis, MN, USA, 55441

Website

http://www.winmarkcorporation.com

Winmark Corp is a franchisor of value-oriented retail store concepts that buy, sell and trade gently used the merchandise. The company's reportable segments include Franchising and Leasing. The franchising segment franchises value-oriented retail store that buys, sells, trade and consign merchandise as well as provide strategic consulting services relating to franchising. The leasing segment includes middle-market equipment leasing business and small-ticket financing business. It generates a majority of its revenue from the Franchising segment.

Executives

Mackenzie Kirk A	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Wilson Mark L	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Gaudette Renae M.	officer: President of Franchising	605 HIGHWAY 169 N, SUITE 400 MINNEAPOLIS MN 55441
Heffes Brett D	director, officer: Chairman and CEO	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Ishaug Anthony D	officer: Chief Financial Officer	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Barbetta Lawrence A	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Reyelts Paul C	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Grassle Jenele C	director	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Goff Leah A	officer: VP of Human Resources	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Olson Ronald G	10 percent owner	GROWN BIZ INTERNATIONAL INC 4200 DAHLBERG DRIVE MINNEAPOLIS MN 55422-4837
Morgan John L	director, 10 percent owner, officer: Executive Chairman	605 HIGHWAY 169 SUITE 400 MINNEAPOLIS MN 55441
Murphy Steven	officer: President of Franchising	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Zola Steven C	director, officer: President, Winmark Capital	605 HWY 169 N SUITE 400 MINNEAPOLIS MN 55441
Bradshaw James Shel	10 percent owner	12600 HILL COUNTRY BLVD SUITE R-230 AUSTIN TX 78738
Bares Brian Timothy	10 percent owner	12600 HILL COUNTRY BLVD SUITE R-230 AUSTIN TX 78738

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Winmark ROC (Joel Greenblatt) %

Winmark ROC (Joel Greenblatt) % Historical Data

Winmark ROC (Joel Greenblatt) % Calculation

Winmark ROC (Joel Greenblatt) % Related Terms

Winmark Business Description

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