GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MarineMax Inc (NYSE:HZO) » Definitions » ROC (Joel Greenblatt) %

MarineMax (MarineMax) ROC (Joel Greenblatt) %

: 5.54% (As of Dec. 2023)
View and export this data going back to 1998. Start your Free Trial

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. MarineMax's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.54%.

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

HZO' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.88   Med: 12.64   Max: 56.11
Current: 14.59

During the past 13 years, MarineMax's highest ROC (Joel Greenblatt) % was 56.11%. The lowest was 4.88%. And the median was 12.64%.

HZO's ROC (Joel Greenblatt) % is ranked better than
58.64% of 1105 companies
in the Retail - Cyclical industry
Industry Median: 9.94 vs HZO: 14.59

MarineMax's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 25.20% per year.


MarineMax ROC (Joel Greenblatt) % Historical Data

The historical data trend for MarineMax'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.

MarineMax Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.78 22.26 55.70 56.11 21.16

MarineMax Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 17.57 19.39 24.17 10.73 5.54

Competitive Comparison

For the Specialty Retail subindustry, MarineMax'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.


MarineMax ROC (Joel Greenblatt) % Distribution

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

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



MarineMax 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(70.752 + 812.83 + 23.11) - (184.452 + 81.7 + -1.1368683772162E-13)
=640.54

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(94.601 + 876.233 + 24.864) - (156.374 + 74.636 + 0)
=764.688

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of MarineMax 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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=75.996/( ( (666.337 + max(640.54, 0)) + (673.277 + max(764.688, 0)) )/ 2 )
=75.996/( ( 1306.877 + 1437.965 )/ 2 )
=75.996/1372.421
=5.54 %

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


MarineMax  (NYSE:HZO) 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.


MarineMax ROC (Joel Greenblatt) % Related Terms

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


MarineMax (MarineMax) Business Description

Traded in Other Exchanges
Address
2600 McCormick Drive, Suite 200, Clearwater, FL, USA, 33759
MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories. The company is also engaged in other businesses, including providing services of repair, maintenance, and storage; managing related boat financing, insurance, and others; offering brokerage sales of boats and yachts; and operating a yacht charter business. The reportable segments of the company are Retail Operations and Product Manufacturing. The Retail Operations segment generates the majority of the company's revenue. The sale of new and used boats accounts for the majority of the company's total revenue. It serves customers across the U.S.
Executives
Clint Moore director 2600 MCCORMICK DRIVE, SUITE 200`, CLEARWATER FL 33759
Charles A Cashman officer: Vice President East Operations 18167 US HIGHWAY 19 NORTH SUITE 300, CLEARWATER FL 33764
Rebecca White director 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Cassella Anthony E. Jr. officer: Chief Accounting Officer 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Kyle Langbehn officer: EVP, President of Retail 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Shawn Berg officer: EVP, Chief Digital Officer 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Mercedes Romero director 4221 WEST BOY SCOUT BOULEVARD, TAMPA FL 33607
Hilliard M Eure director 24301 WALDEN CENTER DR, BONITA SPRINGS FL 34134
Joseph Allen Watters director 1100 GLENDON AVENUE, SUITE PH-8, LOS ANGELES CA 90024
Michael H Mclamb director, officer: Executive VP, CFO and Sec C/O MARINEMAX INC, 18167 U SHIGHWAY NORTH SUITE 499, CLEARWATER FL 33764
Adam M. Johnson director 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
William B Mcgill officer: Vice President West Operations 18167 US HIGHWAY 19 NORTH SUITE 300, CLEARWATER FL 33764
Mcgill William H Jr director, officer: President, Chairman and CEO C/O MARINEMAX INC, 18167 US HIGHWAY 18 N, CLEARWATER FL 33764
George E Borst director 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Charles R Oglesby director C/O NALLEY AUTOMOTIVE - SUGARLOAF PARK, 2905 PREMIERE PARKWAY NW, SUITE 300, DULUTH GA 30097

MarineMax (MarineMax) Headlines

From GuruFocus

MarineMax Acquires Marine Development Company

By Business Wire Business Wire 12-05-2022

MarineMax to Webcast Third Quarter Fiscal 2022 Results

By Business Wire Business Wire 07-21-2022

MarineMax Expands in the Midwest With the Addition of C&C Boat Works

By Business Wire Business Wire 06-02-2023

MarineMax Promotes Executive Officer

By Business Wire Business Wire 03-02-2023

MarineMax Continues Technology Investments

By Business Wire Business Wire 04-12-2022