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Prosus NV (XAMS:PRX) ROC (Joel Greenblatt) % : 1,328.16% (As of Sep. 2023)


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What is Prosus NV 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. Prosus NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 1,328.16%.

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

XAMS:PRX' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 998.18   Med: 1669.01   Max: 3746.8
Current: 1890.54

During the past 7 years, Prosus NV's highest ROC (Joel Greenblatt) % was 3746.80%. The lowest was 998.18%. And the median was 1669.01%.

XAMS:PRX's ROC (Joel Greenblatt) % is ranked better than
97.57% of 577 companies
in the Interactive Media industry
Industry Median: -0.05 vs XAMS:PRX: 1890.54

Prosus NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.70% per year.


Prosus NV ROC (Joel Greenblatt) % Historical Data

The historical data trend for Prosus NV'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.

Prosus NV ROC (Joel Greenblatt) % Chart

Prosus NV Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 1,320.07 1,532.39 1,788.56 3,746.80 1,669.01

Prosus NV Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,888.83 1,149.67 1,044.65 2,404.27 1,328.16

Competitive Comparison of Prosus NV's ROC (Joel Greenblatt) %

For the Internet Content & Information subindustry, Prosus NV'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.


Prosus NV's ROC (Joel Greenblatt) % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Prosus NV's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Prosus NV 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: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(491.284 + 302.616 + 610.836) - (1399.132 + 0 + 2247.204)
=-2241.6

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(445.075 + 252.053 + 854.544) - (478.807 + 0 + 3212.036)
=-2139.171

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Prosus NV for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7398.552/( ( (579.08 + max(-2241.6, 0)) + (535.027 + max(-2139.171, 0)) )/ 2 )
=7398.552/( ( 579.08 + 535.027 )/ 2 )
=7398.552/557.0535
=1,328.16 %

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


Prosus NV  (XAMS:PRX) 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.


Prosus NV ROC (Joel Greenblatt) % Related Terms

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Prosus NV (XAMS:PRX) Business Description

Address
Gustav Mahlerplein 5, Symphony Offices, Amsterdam, NH, NLD, 1082 MS
Prosus NV is a consumer internet group operating across a variety of platforms and geographies. The group's businesses operate in China, India, Russia, Central and Eastern Europe, North America, Latin America, Southeast Asia, the Middle East, and Africa. The group's businesses and investments are organized around the following segments: Ecommerce, which comprises its interests in Classifieds, Payments, and Fintech, Food Delivery, Etail, Travel, and other Ecommerce, Social and Internet Platforms, which comprises its interests in Tencent and Mail.ru Group and Corporate which relates to group-level corporate services and treasury function.

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