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Mediaset Espana Comunicacion ROC (Joel Greenblatt) %

: 99.49% (As of Mar. 2021)
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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. Mediaset Espana Comunicacion's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was 99.49%.

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

OTCPK:GETVF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.46   Med: 307.55   Max: 421.71
Current: 201.86

3.46
421.71

During the past 13 years, Mediaset Espana Comunicacion's highest ROC (Joel Greenblatt) % was 421.71%. The lowest was 3.46%. And the median was 307.55%.

OTCPK:GETVF's ROC (Joel Greenblatt) % is ranked higher than
74% of the 192 Companies
in the Media - Diversified industry.

( Industry Median: 21.85 vs. OTCPK:GETVF: 201.86 )

Mediaset Espana Comunicacion's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.30% per year.


Mediaset Espana Comunicacion ROC (Joel Greenblatt) % Historical Data

The historical data trend for Mediaset Espana Comunicacion'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.

Mediaset Espana Comunicacion Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 398.87 445.40 387.28 312.00 204.24

Mediaset Espana Comunicacion 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) % 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 255.39 207.06 594.53 550.45 99.49

Competitive Comparison

For the Broadcasting subindustry, Mediaset Espana Comunicacion'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.

   

Mediaset Espana Comunicacion ROC (Joel Greenblatt) % Distribution

For the Media - Diversified industry and Communication Services sector, Mediaset Espana Comunicacion's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Mediaset Espana Comunicacion 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)
=(305.68369829684 + 15.798053527981 + 47.681265206813) - (171.98540145985 + 0 + 86.546228710462)
=110.63138686131

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 277.61904761905) - (259.40476190476 + 0 + 0.95238095238091)
=17.261904761905

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Mediaset Espana Comunicacion 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 )
=224.38095238095/( ( (60.681265206813 + max(110.63138686131, 0)) + (262.5 + max(17.261904761905, 0)) )/ 2 )
=224.38095238095/( ( 171.31265206813 + 279.7619047619 )/ 2 )
=224.38095238095/225.53727841502
=99.49 %

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.


Mediaset Espana Comunicacion  (OTCPK:GETVF) 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.


Mediaset Espana Comunicacion ROC (Joel Greenblatt) % Related Terms

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Mediaset Espana Comunicacion Business Description

Mediaset Espana Comunicacion logo
Traded in Other Exchanges
Address
Carretera de Fuencarral a Alcobendas No. 4, Madrid, ESP, 28049
Mediaset Espana Comunicacion SA is a broadcasting television company. The firm's operations include television networks and media production. Mediaset Espana provides a suite of channels that consist of both free TV as well as pay TV. The company also provides Internet video operations. Mediaset produces a number of television programs that are broadcast on its networks and exported abroad. Mediaset Espana generates the vast majority of its revenue in Spain from both advertising revenue and pay subscriptions.

Mediaset Espana Comunicacion Headlines

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