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Motisons Jewellers (BOM:544053) ROC (Joel Greenblatt) % : 15.90% (As of Sep. 2024)


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What is Motisons Jewellers 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. Motisons Jewellers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 15.90%.

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

BOM:544053' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.69   Med: 13.91   Max: 17.21
Current: 15.54

During the past 5 years, Motisons Jewellers's highest ROC (Joel Greenblatt) % was 17.21%. The lowest was 8.69%. And the median was 13.91%.

BOM:544053's ROC (Joel Greenblatt) % is ranked better than
59.96% of 1109 companies
in the Retail - Cyclical industry
Industry Median: 10.58 vs BOM:544053: 15.54

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


Motisons Jewellers ROC (Joel Greenblatt) % Historical Data

The historical data trend for Motisons Jewellers'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.

Motisons Jewellers ROC (Joel Greenblatt) % Chart

Motisons Jewellers Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
8.69 11.80 13.91 16.47 17.21

Motisons Jewellers Quarterly Data
Mar20 Mar21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.05 - 17.58 10.31 15.90

Competitive Comparison of Motisons Jewellers's ROC (Joel Greenblatt) %

For the Luxury Goods subindustry, Motisons Jewellers'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.


Motisons Jewellers's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

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

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



Motisons Jewellers 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: 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

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.06 + 4389.506 + 155.627) - (251.203 + 0 + 64.755)
=4246.235

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Motisons Jewellers for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=685/( ( (0 + max(0, 0)) + (62.817 + max(4246.235, 0)) )/ 1 )
=685/( ( 0 + 4309.052 )/ 1 )
=685/4309.052
=15.90 %

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


Motisons Jewellers  (BOM:544053) 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.


Motisons Jewellers ROC (Joel Greenblatt) % Related Terms

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Motisons Jewellers Business Description

Comparable Companies
Traded in Other Exchanges
Address
Tonk Road, SB-110, Motisons Tower, Lalkothi, Jaipur, RJ, IND, 302015
Motisons Jewellers Ltd is a jewelry retail company. Its business includes the sale of jewelry made of gold, diamond, Kundan, and the sale of other jewelry products that include pearl, silver, platinum, precious, semi-precious stones, and other metals. The company's product includes Earrings, Bracelets, Mangalsutras, Necklace sets, Pendants, Rings, and Silver.

Motisons Jewellers Headlines

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