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Spinneys 1961 Holding (DFM:SPINNEYS) ROC (Joel Greenblatt) % : 40.25% (As of Dec. 2024)


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What is Spinneys 1961 Holding 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. Spinneys 1961 Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 40.25%.

The historical rank and industry rank for Spinneys 1961 Holding's ROC (Joel Greenblatt) % or its related term are showing as below:

DFM:SPINNEYS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 26.58   Med: 29.24   Max: 29.58
Current: 29.43

During the past 4 years, Spinneys 1961 Holding's highest ROC (Joel Greenblatt) % was 29.58%. The lowest was 26.58%. And the median was 29.24%.

DFM:SPINNEYS's ROC (Joel Greenblatt) % is ranked better than
76.66% of 317 companies
in the Retail - Defensive industry
Industry Median: 14.73 vs DFM:SPINNEYS: 29.43

Spinneys 1961 Holding's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Spinneys 1961 Holding ROC (Joel Greenblatt) % Historical Data

The historical data trend for Spinneys 1961 Holding'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.

Spinneys 1961 Holding ROC (Joel Greenblatt) % Chart

Spinneys 1961 Holding Annual Data
Trend Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
26.58 29.58 29.37 29.11

Spinneys 1961 Holding Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.24 30.84 29.72 16.80 40.25

Competitive Comparison of Spinneys 1961 Holding's ROC (Joel Greenblatt) %

For the Grocery Stores subindustry, Spinneys 1961 Holding'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.


Spinneys 1961 Holding's ROC (Joel Greenblatt) % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Spinneys 1961 Holding's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Spinneys 1961 Holding's ROC (Joel Greenblatt) % falls into.


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Spinneys 1961 Holding 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(62.763 + 148.303 + 0) - (677.478 + 0 + 0)
=-466.412

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(33.052 + 157.111 + 14.116) - (733.182 + 0 + 0)
=-528.903

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Spinneys 1961 Holding for the quarter that ended in Dec. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=533.632/( ( (1301.768 + max(-466.412, 0)) + (1349.541 + max(-528.903, 0)) )/ 2 )
=533.632/( ( 1301.768 + 1349.541 )/ 2 )
=533.632/1325.6545
=40.25 %

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


Spinneys 1961 Holding  (DFM:SPINNEYS) 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.


Spinneys 1961 Holding ROC (Joel Greenblatt) % Related Terms

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Spinneys 1961 Holding Business Description

Traded in Other Exchanges
N/A
Address
Nad Al Sheba First, 1st Floor, Meydan, ARE
Spinneys 1961 Holding plc with its subsidiaries engaged in the operation of supermarkets grocery retailers in the United Arab Emirates, Sultanate of Oman, and Saudi Arabia. It has two geographic reportable segments United Arab Emirates (UAE) and the Sultanate of Oman (Oman), and Others. It generates the majority of its revenue from the United Arab Emirates (UAE).

Spinneys 1961 Holding Headlines

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