GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tijaria Polypipes Ltd (BOM:533629) » Definitions » ROC (Joel Greenblatt) %

Tijaria Polypipes (BOM:533629) ROC (Joel Greenblatt) % : -6.77% (As of Mar. 2024)


View and export this data going back to 2011. Start your Free Trial

What is Tijaria Polypipes 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. Tijaria Polypipes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6.77%.

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

BOM:533629' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.07   Med: -8.94   Max: 17.86
Current: -6.56

During the past 13 years, Tijaria Polypipes's highest ROC (Joel Greenblatt) % was 17.86%. The lowest was -23.07%. And the median was -8.94%.

BOM:533629's ROC (Joel Greenblatt) % is ranked worse than
82.92% of 1669 companies
in the Construction industry
Industry Median: 18.08 vs BOM:533629: -6.56

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


Tijaria Polypipes ROC (Joel Greenblatt) % Historical Data

The historical data trend for Tijaria Polypipes'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.

Tijaria Polypipes ROC (Joel Greenblatt) % Chart

Tijaria Polypipes 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 4.52 -11.58 -23.07 -14.41 -6.30

Tijaria Polypipes Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -22.75 -7.20 -6.08 -6.43 -6.77

Competitive Comparison of Tijaria Polypipes's ROC (Joel Greenblatt) %

For the Building Products & Equipment subindustry, Tijaria Polypipes'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.


Tijaria Polypipes's ROC (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tijaria Polypipes's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Tijaria Polypipes 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(253.055 + 5.143 + 28.137) - (73.561 + 0 + 22.319)
=190.455

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(249.789 + 4.114 + 28.181) - (69.923 + 0 + 21.985)
=190.176

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Tijaria Polypipes for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-28.396/( ( (232.468 + max(190.455, 0)) + (225.468 + max(190.176, 0)) )/ 2 )
=-28.396/( ( 422.923 + 415.644 )/ 2 )
=-28.396/419.2835
=-6.77 %

Note: The EBIT data used here is four times the quarterly (Mar. 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.


Tijaria Polypipes  (BOM:533629) 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.


Tijaria Polypipes ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Tijaria Polypipes's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Tijaria Polypipes (BOM:533629) Business Description

Traded in Other Exchanges
Address
SP-1-2316, RIICO Industrial Area, Ramchandrapura, Sitapura Extension, Jaipur, RJ, IND, 302022
Tijaria Polypipes Ltd manufactures HDPE Pipes, PLB HDPE Duct, MDPE Pipes, DWC HDPE Pipes, uPVC Pipes, PVC-U Pipes, Mink Blankets, partially oriented yarn, and draw textured yarn, surgical masks, N-95 Mask under the registered brand name of Tijaria and Vikas. The company operates in two segments Pipes and Textiles. The company produces a product range in the field of plastics, HDPE Pipes for Electrical, Water and Sewerage, PVC-U and DWC HDPE Pipes for Sewerage, uPVC Pipes for Water, PLB HDPE Ducts for telecommunications, HDPE Sprinkler Irrigation Systems, MDPE Pipes for Water Supply etc. The majority of its revenue is generated from the pipes segment.

Tijaria Polypipes (BOM:533629) Headlines

No Headlines