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Moncler SpA (CHIX:MONCM) ROC (Joel Greenblatt) % : 50.21% (As of Jun. 2024)


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What is Moncler SpA 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. Moncler SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 50.21%.

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

CHIX:MONCm' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 45.8   Med: 145.31   Max: 244.33
Current: 85.84

During the past 13 years, Moncler SpA's highest ROC (Joel Greenblatt) % was 244.33%. The lowest was 45.80%. And the median was 145.31%.

CHIX:MONCm's ROC (Joel Greenblatt) % is ranked better than
95.48% of 1062 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.585 vs CHIX:MONCm: 85.84

Moncler SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -15.10% per year.


Moncler SpA ROC (Joel Greenblatt) % Historical Data

The historical data trend for Moncler SpA'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.

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Moncler SpA ROC (Joel Greenblatt) % Chart

Moncler SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 100.15 45.80 67.70 77.83 83.73

Moncler SpA Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 38.72 116.61 39.83 121.57 50.21

Competitive Comparison of Moncler SpA's ROC (Joel Greenblatt) %

For the Apparel Manufacturing subindustry, Moncler SpA'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.


Moncler SpA's ROC (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Moncler SpA's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Moncler SpA 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)
=(325.608 + 453.178 + 18.959) - (723.119 + 0 + 102.91)
=-28.284

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(152.7 + 499.893 + 21.917) - (569.684 + 0 + 94.801)
=10.025

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Moncler SpA for the quarter that ended in Jun. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=546.36/( ( (1082.48 + max(-28.284, 0)) + (1083.825 + max(10.025, 0)) )/ 2 )
=546.36/( ( 1082.48 + 1093.85 )/ 2 )
=546.36/1088.165
=50.21 %

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


Moncler SpA  (CHIX:MONCm) 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.


Moncler SpA ROC (Joel Greenblatt) % Related Terms

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


Moncler SpA Business Description

Address
Via Stendhal, 47, Milan, ITA, 20144
Moncler consists of its namesake brand and Stone Island (acquired in 2021). The Moncler brand is one of the leading players in luxury outerwear. It is globally present with 35% of sales generated in Europe, the Middle East, and Africa, 15% in the Americas, and 50% in Asia and rest of the world. Most of Moncler brand sales are direct to consumer, with 84% generated through the own-retail channel. Around 75%-80% of revenue is generated in the core outerwear segment, with the remainder in the accessory, knitwear, and footwear categories. Stone Island contributed 14% of revenue in 2023.

Moncler SpA Headlines

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