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Investis Holding (XSWX:IREN) ROC (Joel Greenblatt) % : 209.35% (As of Dec. 2023)


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What is Investis Holding 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. Investis Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 209.35%.

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

XSWX:IREN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.97   Med: 1199.98   Max: 2430.44
Current: -4.93

During the past 9 years, Investis Holding's highest ROC (Joel Greenblatt) % was 2430.44%. The lowest was -4.97%. And the median was 1199.98%.

XSWX:IREN's ROC (Joel Greenblatt) % is ranked worse than
78.11% of 1782 companies
in the Real Estate industry
Industry Median: 10.41 vs XSWX:IREN: -4.93

Investis Holding's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Investis Holding ROC (Joel Greenblatt) % Historical Data

The historical data trend for Investis Holding'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.

Investis Holding ROC (Joel Greenblatt) % Chart

Investis Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 1,140.21 1,199.98 2,430.44 954.89 -4.97

Investis Holding Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial 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 1,495.69 1,576.11 282.67 -221.66 209.35

Competitive Comparison of Investis Holding's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, Investis Holding'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.


Investis Holding's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

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

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



Investis Holding 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.117 + 12.386 + 7.105427357601E-15) - (7.914 + 0 + 51.357)
=-33.768

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.021 + 9.269 + 0.0010000000000048) - (8.244 + 0 + 68.508)
=-52.461

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Investis Holding 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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=49.078/( ( (23.618 + max(-33.768, 0)) + (23.269 + max(-52.461, 0)) )/ 2 )
=49.078/( ( 23.618 + 23.269 )/ 2 )
=49.078/23.4435
=209.35 %

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


Investis Holding  (XSWX:IREN) 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.


Investis Holding ROC (Joel Greenblatt) % Related Terms

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Investis Holding (XSWX:IREN) Business Description

Traded in Other Exchanges
Address
Neumuhlequai 6, Zurich, CHE, 8001
Investis Holding SA is a residential property company operating in the Lake Geneva region of Switzerland and is a national Swiss real estate services provider. The company's portfolio consists almost exclusively of residential properties. The company has a network of various service locations with recognizable brands scattered throughout Switzerland. Investis divides its activities into two operating segments: Properties and Real Estate Services. Its properties segment deals with investment, development, and serviced apartments, while its Real Estate Services segment deals with property management and facility management. The company's main revenue comes from the leasing of properties and revenue related to its various real estate services.