Zenobe Gramme Cert (XBRU:ZEN) ROC (Joel Greenblatt) % : 13.57% (As of Jun. 2023)

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What is Zenobe Gramme Cert 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. Zenobe Gramme Cert's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 13.57%.

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

XBRU:ZEN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.58 Med: 8.78 Max: 14.16
Current: 13.51

During the past 13 years, Zenobe Gramme Cert's highest ROC (Joel Greenblatt) % was 14.16%. The lowest was 3.58%. And the median was 8.78%.

XBRU:ZEN's ROC (Joel Greenblatt) % is ranked better than
54.44% of 1780 companies
in the Real Estate industry
Industry Median: 10.575 vs XBRU:ZEN: 13.51

Zenobe Gramme Cert's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 11.10% per year.

Zenobe Gramme Cert ROC (Joel Greenblatt) % Historical Data

The historical data trend for Zenobe Gramme Cert'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.

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Zenobe Gramme Cert ROC (Joel Greenblatt) % Chart

Zenobe Gramme Cert Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROC (Joel Greenblatt) %

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9.56

11.61

11.28

12.67

14.16

Zenobe Gramme Cert Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															15.05	10.25	15.19	13.38	13.57

Competitive Comparison of Zenobe Gramme Cert's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, Zenobe Gramme Cert'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.

Zenobe Gramme Cert's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zenobe Gramme Cert's ROC (Joel Greenblatt) % distribution charts can be found below:

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

Zenobe Gramme Cert 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. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.236	+	0	+	2.2204460492503E-16)	-	(0.085	+	0	+	0.086)
=	0.065

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.014	+	0	+	0)	-	(0.099	+	0	+	0.2)
=	-0.285

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Zenobe Gramme Cert for the quarter that ended in Jun. 2023 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.074	/	( ( (7.91 + max(0.065, 0))	+	(7.852 + max(-0.285, 0)) )	/	2 )
=	1.074	/	( ( 7.975	+	7.852 )	/	2 )
=	1.074	/	7.9135
=	13.57 %

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Zenobe Gramme Cert (XBRU:ZEN) 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.

Zenobe Gramme Cert ROC (Joel Greenblatt) % Related Terms

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