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Mafia Trends (BOM:543613) ROC (Joel Greenblatt) % : 9.79% (As of Mar. 2023)


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What is Mafia Trends 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. Mafia Trends's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 9.79%.

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

BOM:543613' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.77   Med: 10.81   Max: 27.5
Current: 9.79

During the past 4 years, Mafia Trends's highest ROC (Joel Greenblatt) % was 27.50%. The lowest was 9.77%. And the median was 10.81%.

BOM:543613's ROC (Joel Greenblatt) % is ranked worse than
50.59% of 1107 companies
in the Retail - Cyclical industry
Industry Median: 9.94 vs BOM:543613: 9.79

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


Mafia Trends ROC (Joel Greenblatt) % Historical Data

The historical data trend for Mafia Trends'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.

Mafia Trends ROC (Joel Greenblatt) % Chart

Mafia Trends Annual Data
Trend Mar20 Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
9.77 11.83 27.50 9.79

Mafia Trends Semi-Annual Data
Mar20 Mar21 Mar22 Mar23
ROC (Joel Greenblatt) % 9.77 11.83 27.50 9.79

Competitive Comparison of Mafia Trends's ROC (Joel Greenblatt) %

For the Apparel Retail subindustry, Mafia Trends'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.


Mafia Trends's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mafia Trends's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Mafia Trends 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. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.279 + 75.438 + 18.759) - (45.843 + 0 + 4.785)
=46.848

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.803 + 86.065 + 31.886) - (42.537 + 0 + 5.24)
=71.977

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Mafia Trends for the quarter that ended in Mar. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5.847/( ( (0.293 + max(46.848, 0)) + (0.389 + max(71.977, 0)) )/ 2 )
=5.847/( ( 47.141 + 72.366 )/ 2 )
=5.847/59.7535
=9.79 %

Note: The EBIT data used here is one times the annual (Mar. 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.


Mafia Trends  (BOM:543613) 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.


Mafia Trends ROC (Joel Greenblatt) % Related Terms

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Mafia Trends (BOM:543613) Business Description

Traded in Other Exchanges
N/A
Address
Sandesh Press Road, 1, Prabhu Kutir Complex, Vastrapur, Ahmedabad, GJ, IND, 380 015
Mafia Trends Ltd is engaged in the business of marketing and selling Men's fashion which includes apparel such as Jeans, Tshirts, Shirts, Chinos, Formal trousers and Formal shirts. The Company is engaged solely into the business of trading of apparels and readymade garments which is their only reportable segment.

Mafia Trends (BOM:543613) Headlines

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