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Mangalam Seeds (BOM:539275) ROC (Joel Greenblatt) % : 7.94% (As of Dec. 2024)


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What is Mangalam Seeds 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. Mangalam Seeds's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 7.94%.

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

BOM:539275' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.87   Med: 18.43   Max: 26.24
Current: 11.87

During the past 10 years, Mangalam Seeds's highest ROC (Joel Greenblatt) % was 26.24%. The lowest was 11.87%. And the median was 18.43%.

BOM:539275's ROC (Joel Greenblatt) % is ranked better than
54.2% of 262 companies
in the Agriculture industry
Industry Median: 11.06 vs BOM:539275: 11.87

Mangalam Seeds's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.60% per year.


Mangalam Seeds ROC (Joel Greenblatt) % Historical Data

The historical data trend for Mangalam Seeds'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.

Mangalam Seeds ROC (Joel Greenblatt) % Chart

Mangalam Seeds 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 12.94 17.50 13.30 22.48 19.36

Mangalam Seeds Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 26.18 9.27 17.50 9.97 7.94

Competitive Comparison of Mangalam Seeds's ROC (Joel Greenblatt) %

For the Agricultural Inputs subindustry, Mangalam Seeds'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.


Mangalam Seeds's ROC (Joel Greenblatt) % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Mangalam Seeds's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Mangalam Seeds 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(233.713 + 483.22 + 92.699) - (48.723 + 0 + 99.453)
=661.456

Working Capital(Q: Dec. 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 Mangalam Seeds for the quarter that ended in Dec. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=104.016/( ( (648.673 + max(661.456, 0)) + (0 + max(0, 0)) )/ 1 )
=104.016/( ( 1310.129 + 0 )/ 1 )
=104.016/1310.129
=7.94 %

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


Mangalam Seeds  (BOM:539275) 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.


Mangalam Seeds ROC (Joel Greenblatt) % Related Terms

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


Mangalam Seeds Business Description

Traded in Other Exchanges
N/A
Address
202, Sampada Complex, Mithakhali Six Roads, Behind Tulsi Complex, Navarangpura, Ahmedabad, GJ, IND, 380009
Mangalam Seeds Ltd is engaged in the production, sale, and marketing of agricultural seeds and chemicals. It operates in one segment which is the Sale of seeds. The company offers products under categories, such as cotton, moong, cumin, castor, mustard, cumin, fennel, jawar fodder, and vegetable. The company has its marketing channel in Gujarat and Rajasthan, comprising several distributors, dealers, and retailers to support marketing.

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