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Puig Brands (FRA:B1B) ROC (Joel Greenblatt) % : 95.06% (As of Dec. 2024)


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What is Puig Brands 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. Puig Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 95.06%.

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

FRA:B1B' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 75.77   Med: 96.15   Max: 103.61
Current: 75.77

During the past 4 years, Puig Brands's highest ROC (Joel Greenblatt) % was 103.61%. The lowest was 75.77%. And the median was 96.15%.

FRA:B1B's ROC (Joel Greenblatt) % is ranked better than
93.52% of 1898 companies
in the Consumer Packaged Goods industry
Industry Median: 12.09 vs FRA:B1B: 75.77

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


Puig Brands ROC (Joel Greenblatt) % Historical Data

The historical data trend for Puig Brands'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.

Puig Brands ROC (Joel Greenblatt) % Chart

Puig Brands Annual Data
Trend Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
94.97 103.61 97.33 84.80

Puig Brands Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial - 93.94 101.64 46.88 95.06

Competitive Comparison of Puig Brands's ROC (Joel Greenblatt) %

For the Household & Personal Products subindustry, Puig Brands'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.


Puig Brands's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Puig Brands's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Puig Brands 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)
=(663.725 + 868.35 + 173.884) - (654.567 + 0 + 500.017)
=551.375

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(567.529 + 720.312 + 194.711) - (810.282 + 0 + 391.354)
=280.916

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Puig Brands 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: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1054.754/( ( (641.497 + max(551.375, 0)) + (745.432 + max(280.916, 0)) )/ 2 )
=1054.754/( ( 1192.872 + 1026.348 )/ 2 )
=1054.754/1109.61
=95.06 %

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


Puig Brands  (FRA:B1B) 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.


Puig Brands ROC (Joel Greenblatt) % Related Terms

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Puig Brands Business Description

Traded in Other Exchanges
Address
Plaza Europa 46-48, L Hospitalet de Llobregat, Barcelona, ESP, 08902
Puig is a premium beauty product maker that focuses on fragrances (76% of 2024 sales), with more limited exposure to color cosmetics (16%) and skincare (11%). Through a series of acquisitions, Puig has built a premium portfolio, including brands such as Rabanne, Carolina Herrera, Byredo, L'Artisan Parfumeur, Penhaligon's, Dries Van Noten, and Charlotte Tilbury, which contributes 95% of total sales. It also has long-term licensing agreements with Christian Louboutin, Adolfo Dominguez, and Antonio Banderas. Puig generates close to 55% of sales from Europe, 36% from the Americas, and 9% from Asia. The Puig family owns 70% of the economic interests in the company and 94% of the voting rights via a dual-class share structure.

Puig Brands Headlines

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