Sturdy Industries (BOM:530611) ROC (Joel Greenblatt) %: -2.29% (As of Jun. 2024)

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BOM:530611 Sturdy Industries Ltd BOM:530611
4 GF Score
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What is Sturdy Industries ROC (Joel Greenblatt) %?

Sturdy Industries BOM:530611 4 ROC (Joel Greenblatt) % is -2.29% as of Jun. 2024. GuruFocus rates BOM:530611 with a GF Score™ of 4/100.

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. Sturdy Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -2.29%.

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

BOM:530611's ROC (Joel Greenblatt) % is not ranked *
in the Metals & Mining industry.
Industry Median: -22.07
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Sturdy Industries  (BOM:530611) 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.


Sturdy Industries ROC (Joel Greenblatt) % Related Terms


Sturdy Industries ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Sturdy Industries'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.

Sturdy Industries ROC (Joel Greenblatt) % Chart

Sturdy Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -125.27 -28.23 -4.14 -5.75 -15.99

Sturdy Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
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 -4.23 -5.58 0.00 -28.71 -2.29

BOM:530611 vs AA: ROC (Joel Greenblatt) % Comparison

For the Aluminum subindustry, Sturdy Industries'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.


Sturdy Industries ROC (Joel Greenblatt) % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sturdy Industries's ROC (Joel Greenblatt) % distribution charts can be found below:

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


BOM:530611
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Sturdy Industries Ltd BOM:530611
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
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Sturdy Industries 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(186.6 + 0.4 + 0) - (13.2 + 0 + 0.5)
=173.3

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Sturdy Industries for the quarter that ended in Jun. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-9.6/( ( (246 + max(173.3, 0)) + (0 + max(0, 0)) )/ 1 )
=-9.6/( ( 419.3 + 0 )/ 1 )
=-9.6/419.3
=-2.29 %

Note: The EBIT data used here is four times the quarterly (Jun. 2024) 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.

What does a ROC (Joel Greenblatt) % of -2.29% mean?
Sturdy Industries (BOM:530611) has a ROC (Joel Greenblatt) % of -2.29% as of Jun. 2024. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Sturdy Industries and its competitors.
Is Sturdy Industries' ROC (Joel Greenblatt) % too high?
Sturdy Industries' current ROC (Joel Greenblatt) % is -2.29%. Overall, Sturdy Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Sturdy Industries' ROC (Joel Greenblatt) % compare to AA?
Sturdy Industries' ROC (Joel Greenblatt) % of -2.29% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Sturdy Industries and its competitors. Sturdy Industries's current ROC (Joel Greenblatt) % is -2.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sturdy Industries stock overvalued right now?
Sturdy Industries (BOM:530611) has a current ROC (Joel Greenblatt) % of -2.29%. The current ROC (Joel Greenblatt) % is -2.29%. Sturdy Industries' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Sturdy Industries (BOM:530611), the current ROC (Joel Greenblatt) % is -2.29% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sturdy Industries Business Description

Address Plot Number 45, Sector 1, Solan, Parwanoo, HP, IND, 173220
Sturdy Industries Ltd is an India based company engaged in the manufacture and trade of aluminum panels and pipe fittings. The company's operating segment includes Plastic Pipes and Fitting; Aluminum; and Trading. It generates maximum revenue from the Aluminum segment. The company's product categories include Aluminium Panel; Sprinkler Irrigation; Drip Irrigation; Wire Rods; Bare Aluminium Electrical Conductors; and Aerial Bunched Cables.
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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