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GMWKF (Games Workshop Group) ROC (Joel Greenblatt) % : 200.39% (As of May. 2024)


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What is Games Workshop Group 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. Games Workshop Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2024 was 200.39%.

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

GMWKF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 74.78   Med: 163.23   Max: 285.07
Current: 178.74

During the past 13 years, Games Workshop Group's highest ROC (Joel Greenblatt) % was 285.07%. The lowest was 74.78%. And the median was 163.23%.

GMWKF's ROC (Joel Greenblatt) % is ranked better than
93.7% of 826 companies
in the Travel & Leisure industry
Industry Median: 9.2 vs GMWKF: 178.74

Games Workshop Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.80% per year.


Games Workshop Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for Games Workshop Group'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.

Games Workshop Group ROC (Joel Greenblatt) % Chart

Games Workshop Group Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 152.59 184.21 138.03 141.12 174.13

Games Workshop Group Semi-Annual Data
Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
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 120.38 133.73 144.82 165.31 200.39

Competitive Comparison of Games Workshop Group's ROC (Joel Greenblatt) %

For the Leisure subindustry, Games Workshop Group'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.


Games Workshop Group's ROC (Joel Greenblatt) % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Games Workshop Group's ROC (Joel Greenblatt) % falls into.



Games Workshop Group 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: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.786 + 45.149 + 6.592) - (34.95 + 0 + 29.105)
=5.472

Working Capital(Q: May. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.033 + 53.35 + 5.436) - (34.387 + 0 + 26.802)
=11.63

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Games Workshop Group for the quarter that ended in May. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: May. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2023  Q: May. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=274.59/( ( (127.239 + max(5.472, 0)) + (129.709 + max(11.63, 0)) )/ 2 )
=274.59/( ( 132.711 + 141.339 )/ 2 )
=274.59/137.025
=200.39 %

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


Games Workshop Group  (OTCPK:GMWKF) 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.


Games Workshop Group ROC (Joel Greenblatt) % Related Terms

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Games Workshop Group Business Description

Traded in Other Exchanges
Address
Willow Road, Lenton, Nottingham, GBR, NG7 2WS
Games Workshop Group PLC designs, manufactures and sells fantasy miniatures and games related products. It carries the manufacturing activity in the UK and sells the same in the different region of the countries such as Continental Europe, North America, and Asia Pacific. It operates through two segments Core and Licensing . The core segment includes all revenue and expenditure relating to the design, manufacture and sales of their fantasy miniatures and related products. The licensing segment includes all revenue and expenditure relating to licences granted to external partners. The company generates majority of its revenue from the core segment.

Games Workshop Group Headlines