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Hugo Boss AG (XTER:BOSS) ROC (Joel Greenblatt) % : 22.47% (As of Dec. 2023)


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What is Hugo Boss AG 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. Hugo Boss AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 22.47%.

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

XTER:BOSS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.3   Med: 29.56   Max: 66.08
Current: 21.63

During the past 13 years, Hugo Boss AG's highest ROC (Joel Greenblatt) % was 66.08%. The lowest was -15.30%. And the median was 29.56%.

XTER:BOSS's ROC (Joel Greenblatt) % is ranked better than
76.28% of 1075 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.34 vs XTER:BOSS: 21.63

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


Hugo Boss AG ROC (Joel Greenblatt) % Historical Data

The historical data trend for Hugo Boss AG'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.

Hugo Boss AG ROC (Joel Greenblatt) % Chart

Hugo Boss AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.84 -15.30 15.53 21.21 22.08

Hugo Boss AG 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) % 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 Premium Member Only Premium Member Only 20.18 15.64 26.20 21.27 22.47

Competitive Comparison of Hugo Boss AG's ROC (Joel Greenblatt) %

For the Apparel Manufacturing subindustry, Hugo Boss AG'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.


Hugo Boss AG's ROC (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hugo Boss AG's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Hugo Boss AG 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)
=(328 + 1154 + 169) - (516 + 0 + 376)
=759

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(375.62 + 1066.044 + 176.95) - (644.273 + 0 + 262.412)
=711.929

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Hugo Boss AG 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 )
=450.912/( ( (1217 + max(759, 0)) + (1325.633 + max(711.929, 0)) )/ 2 )
=450.912/( ( 1976 + 2037.562 )/ 2 )
=450.912/2006.781
=22.47 %

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.


Hugo Boss AG  (XTER:BOSS) 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.


Hugo Boss AG ROC (Joel Greenblatt) % Related Terms

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Hugo Boss AG (XTER:BOSS) Business Description

Address
Dieselstrasse 12, Metzingen, DEU, 72555
Hugo Boss is a German-based menswear apparel brand operating in the premium segment through its two brands, Boss and Hugo. The brand was founded in 1924 and initially focused on uniforms. After World War II and the death of the founder, the company shifted focus to men's suits. Hugo Boss' sales are mainly menswear (90%). The company is globally present in 7,400 points of sale, with 63% of revenue generated in the European market, 22% in the Americas, 13% in Asia-Pacific, and less than 3% from licenses. It generates over 60% of sales through its own retail with over 2,000 stores globally.
Executives
Hermann Waldemer Supervisory Board
Daniel Heinrich Grieder Board of Directors
Yves Marc Müller Board of Directors
Katharina Herzog Supervisory Board
Dr. Heiko Schäfer Board of Directors
Ingo Wilts Board of Directors
Luca Marzotto Supervisory Board

Hugo Boss AG (XTER:BOSS) Headlines