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Ultimate Products (CHIX:ULTPL) ROC (Joel Greenblatt) % : 34.79% (As of Jul. 2024)


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What is Ultimate Products 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. Ultimate Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was 34.79%.

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

CHIX:ULTPl' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 32.51   Med: 46.56   Max: 80.68
Current: 47.51

During the past 11 years, Ultimate Products's highest ROC (Joel Greenblatt) % was 80.68%. The lowest was 32.51%. And the median was 46.56%.

CHIX:ULTPl's ROC (Joel Greenblatt) % is ranked better than
89.77% of 430 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 11.025 vs CHIX:ULTPl: 47.51

Ultimate Products's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 6.90% per year.


Ultimate Products ROC (Joel Greenblatt) % Historical Data

The historical data trend for Ultimate Products'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.

Ultimate Products ROC (Joel Greenblatt) % Chart

Ultimate Products Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.87 47.30 52.50 46.56 46.40

Ultimate Products Semi-Annual Data
Jul16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
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 31.19 55.36 42.67 61.10 34.79

Competitive Comparison of Ultimate Products's ROC (Joel Greenblatt) %

For the Furnishings, Fixtures & Appliances subindustry, Ultimate Products'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.


Ultimate Products's ROC (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ultimate Products's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Ultimate Products 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: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.613 + 29.354 + 0.85) - (29.766 + 0 + 0.63500000000001)
=23.416

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.507 + 36.578 + 0.66699999999999) - (33.461 + 0 + 6.724)
=25.567

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Ultimate Products for the quarter that ended in Jul. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jul. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2024  Q: Jul. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=11.238/( ( (8.039 + max(23.416, 0)) + (7.574 + max(25.567, 0)) )/ 2 )
=11.238/( ( 31.455 + 33.141 )/ 2 )
=11.238/32.298
=34.79 %

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


Ultimate Products  (CHIX:ULTPl) 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.


Ultimate Products ROC (Joel Greenblatt) % Related Terms

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Ultimate Products Business Description

Traded in Other Exchanges
Address
Victoria Street, Manor Mill, Chadderton, Oldham, Manchester, GBR, OL9 0DD
Ultimate Products PLC designs, develops and distributes homeware products across its key brands, including the household names Salter and Beldray. Its other brands include Progress, Kleenez, Petra, Maxim, Russell Hobbs, and Intempo among others. The company sells products across different categories, such as small domestic appliances, housewares, laundry, audio, and heating and cooling. Its products are sold to a broad cross-section of both large national and international multi-channel retailers as well as smaller national retail chains, incorporating discount retailers, supermarkets, general retailers, and online retailers. Geographically, the company derives its key revenue from the United Kingdom and the rest from Germany, Rest of Europe, and the Rest of the world.

Ultimate Products Headlines

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