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EP Biocomposites (BOM:543595) ROC (Joel Greenblatt) % : 41.44% (As of Mar. 2024)


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What is EP Biocomposites 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. EP Biocomposites's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 41.44%.

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

BOM:543595' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 33.83   Med: 126.88   Max: 212.74
Current: 33.83

During the past 6 years, EP Biocomposites's highest ROC (Joel Greenblatt) % was 212.74%. The lowest was 33.83%. And the median was 126.88%.

BOM:543595's ROC (Joel Greenblatt) % is ranked better than
68.13% of 1666 companies
in the Construction industry
Industry Median: 17.775 vs BOM:543595: 33.83

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


EP Biocomposites ROC (Joel Greenblatt) % Historical Data

The historical data trend for EP Biocomposites'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.

EP Biocomposites ROC (Joel Greenblatt) % Chart

EP Biocomposites Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial - 212.74 184.70 69.05 37.07

EP Biocomposites Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial 161.25 31.42 28.10 16.96 41.44

Competitive Comparison of EP Biocomposites's ROC (Joel Greenblatt) %

For the Building Products & Equipment subindustry, EP Biocomposites'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.


EP Biocomposites's ROC (Joel Greenblatt) % Distribution in the Construction Industry

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

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



EP Biocomposites 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)
=(60.024 + 8.311 + 0.22600000000001) - (10.05 + 0 + 4.771)
=53.74

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(89.975 + 10.349 + 2.265) - (29.37 + 0 + 7.696)
=65.523

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of EP Biocomposites 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: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=25.91/( ( (2.004 + max(53.74, 0)) + (3.782 + max(65.523, 0)) )/ 2 )
=25.91/( ( 55.744 + 69.305 )/ 2 )
=25.91/62.5245
=41.44 %

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


EP Biocomposites  (BOM:543595) 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.


EP Biocomposites ROC (Joel Greenblatt) % Related Terms

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EP Biocomposites (BOM:543595) Business Description

Traded in Other Exchanges
N/A
Address
1 st Floor, B.R. Commercial Centre, Opposite Parade Grounds, Campal, Panaji, GA, IND, 403001
EP Biocomposites Ltd is the manufacturer and supplier of fibre reinforced polymers products such as door shutters, frames, Biodigestor Tanks, Bio toilets and allied products for construction and Industrial applications. The company focus on giving sanitation solutions to those who do not have access to toilets, as well as to those who have toilets but face trouble treating and managing the waste through septic tanks. The company also provides sanitation infrastructure and human waste management solutions and services, involving simple bio-digester technology licensed from the Defence Research and Development Organisation (DRDO) and Industry Interface and Technology Management, operating under the aegis of DRDO, Ministry of Defence, Government of India.

EP Biocomposites (BOM:543595) Headlines

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