GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » FUJIFILM Holdings Corp (OTCPK:FUJIY) » Definitions » ROC (Joel Greenblatt) %

FUJIY (FUJIFILM Holdings) ROC (Joel Greenblatt) % : 13.03% (As of Sep. 2024)


View and export this data going back to 2009. Start your Free Trial

What is FUJIFILM Holdings 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. FUJIFILM Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 13.03%.

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

FUJIY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.77   Med: 18.36   Max: 20.63
Current: 14.81

During the past 13 years, FUJIFILM Holdings's highest ROC (Joel Greenblatt) % was 20.63%. The lowest was 14.77%. And the median was 18.36%.

FUJIY's ROC (Joel Greenblatt) % is ranked better than
51.29% of 544 companies
in the Conglomerates industry
Industry Median: 14.295 vs FUJIY: 14.81

FUJIFILM Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.10% per year.


FUJIFILM Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for FUJIFILM Holdings'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.

FUJIFILM Holdings ROC (Joel Greenblatt) % Chart

FUJIFILM Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.98 18.78 19.74 18.06 16.38

FUJIFILM Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 17.46 16.37 17.17 12.82 13.03

Competitive Comparison of FUJIFILM Holdings's ROC (Joel Greenblatt) %

For the Conglomerates subindustry, FUJIFILM Holdings'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.


FUJIFILM Holdings's ROC (Joel Greenblatt) % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, FUJIFILM Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

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



FUJIFILM Holdings 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)
=(4226.435 + 3804.941 + 1321.064) - (1977.683 + 0 + 2653.534)
=4721.223

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4173.447 + 4029.1 + 1371.756) - (2929.761 + 0 + 2926.675)
=3717.867

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of FUJIFILM Holdings for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1982.988/( ( (10484.949 + max(4721.223, 0)) + (11513.207 + max(3717.867, 0)) )/ 2 )
=1982.988/( ( 15206.172 + 15231.074 )/ 2 )
=1982.988/15218.623
=13.03 %

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


FUJIFILM Holdings  (OTCPK:FUJIY) 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.


FUJIFILM Holdings ROC (Joel Greenblatt) % Related Terms

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


FUJIFILM Holdings Business Description

Address
7-3, Akasaka 9-chome, Minato-ku, Tokyo, JPN, 107-0052
FUJIFILM Holdings Corp offers products and services used in photo development and film and photo taking processes. The company produces color films and single use cameras, color paper and chemicals, photofinishing equipment, film and photo processing services, electronic imaging such as digital cameras, optical devices such as camera modules for mobile phones, TV camera lenses and cine lenses, x-ray imaging systems and films, inkjet printers, flat panel materials, recording storage mediums such as data cartridges and videotape products, and office products such as office printers. The document solutions segment including office printers and the information solutions segment consisting of its x-ray imaging and data storage systems form most of the group's yearly revenue stream.

FUJIFILM Holdings Headlines

From GuruFocus

Fujifilm to own 100% of Fuji Xerox

By PRNewswire PRNewswire 11-05-2019

Transforming Fujifilm

By Pavaki Capital 03-21-2023

Matthews Japan Fund Comments on Fujifilm

By Sydnee Gatewood Sydnee Gatewood 04-23-2020

T. Rowe Price Japan Fund Comments on Fujifilm

By Sydnee Gatewood Sydnee Gatewood 06-19-2020