Martha Stewart Living Omnimedia (FRA:MLV) ROC (Joel Greenblatt) % : -124.71% (As of Sep. 2015)

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What is Martha Stewart Living Omnimedia 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. Martha Stewart Living Omnimedia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was -124.71%.

The historical rank and industry rank for Martha Stewart Living Omnimedia's ROC (Joel Greenblatt) % or its related term are showing as below:

FRA:MLV' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -423.62 Med: -42.24 Max: 21.42
Current: 21.42

During the past 13 years, Martha Stewart Living Omnimedia's highest ROC (Joel Greenblatt) % was 21.42%. The lowest was -423.62%. And the median was -42.24%.

FRA:MLV's ROC (Joel Greenblatt) % is not ranked
in the Media - Diversified industry.
Industry Median: 10.17 vs FRA:MLV: 21.42

Martha Stewart Living Omnimedia's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.20% per year.

Martha Stewart Living Omnimedia ROC (Joel Greenblatt) % Historical Data

The historical data trend for Martha Stewart Living Omnimedia'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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Martha Stewart Living Omnimedia ROC (Joel Greenblatt) % Chart

Martha Stewart Living Omnimedia Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROC (Joel Greenblatt) %

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-32.04

-77.70

-299.22

-12.58

-96.26

Martha Stewart Living Omnimedia Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															-1,438.48	709.44	-235.12	-220.67	-124.71

Competitive Comparison of Martha Stewart Living Omnimedia's ROC (Joel Greenblatt) %

For the Publishing subindustry, Martha Stewart Living Omnimedia'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.

Martha Stewart Living Omnimedia's ROC (Joel Greenblatt) % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Martha Stewart Living Omnimedia's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Martha Stewart Living Omnimedia's ROC (Joel Greenblatt) % falls into.

Martha Stewart Living Omnimedia 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. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.277	+	0	+	1.709)	-	(11.214	+	13.609	+	0)
=	-10.837

	Working Capital		(Q: Sep. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.784	+	0	+	2.465)	-	(6.945	+	14.715	+	0)
=	-6.411

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Martha Stewart Living Omnimedia for the quarter that ended in Sep. 2015 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2015		Q: Sep. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.56	/	( ( (3.84 + max(-10.837, 0))	+	(3.473 + max(-6.411, 0)) )	/	2 )
=	-4.56	/	( ( 3.84	+	3.473 )	/	2 )
=	-4.56	/	3.6565
=	-124.71 %

Note: The EBIT data used here is four times the quarterly (Sep. 2015) EBIT data.

Martha Stewart Living Omnimedia (FRA:MLV) 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.

Martha Stewart Living Omnimedia ROC (Joel Greenblatt) % Related Terms

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Martha Stewart Living Omnimedia (FRA:MLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Martha Stewart Living Omnimedia Inc (FRA:MLV) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.marthastewart.com

Martha Stewart Living Omnimedia Inc is an integrated media and merchandising company providing consumers with inspiring lifestyle content and well-designed, high-quality products. The Company is organized into three business segments: Publishing, Broadcasting and Merchandising. This combination enables it to cross-promote its content and products. Its Publishing segment consists of operations related to magazine and book publishing and digital distribution, mainly through its website, marthastewart.com. Its Broadcasting business segment consists of operations relating to the production of television programming, the domestic and international distribution of its library of programming in existing and repurposed formats. Its Merchandising segment consists of operations related to the design of merchandise and related packaging, collateral and advertising materials, and the licensing of various proprietary trademarks in connection with retail programs conducted through a number of retailers and manufacturers. The Company generally owns the copyrights in the programs it produce for television and radio distribution. In 2013, Martha Stewart's Cooking School season 2 and Martha Bakes seasons 1 and 2 aired on PBS. On January 31, 2013, the Company entered into a new two-year agreement with Sirius XM Radio to produce approximately 10 hours of original programming each week. This agreement with Sirius XM Radio replaces its historical Martha Stewart Living Radio channel with a daily radio show hosted by Martha Stewart, and other MSLO talent, on SiriusXM Stars. In 2010, the Company launched the Martha Stewart Living product line at The Home Depot, which is currently available at all of The Home Depots stores in the United States and Canada, as well as on homedepot.com and Home Decorators Collection catalog business. It competes with the internet businesses of the stores and other websites that sell similar retail goods.

Martha Stewart Living Omnimedia (FRA:MLV) Headlines

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