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Blue Label Telecoms (JSE:BLU) ROC (Joel Greenblatt) % : 86.68% (As of Nov. 2024)


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What is Blue Label Telecoms 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. Blue Label Telecoms's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2024 was 86.68%.

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

JSE:BLU' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -719.83   Med: 122.45   Max: 662.58
Current: 82.12

During the past 13 years, Blue Label Telecoms's highest ROC (Joel Greenblatt) % was 662.58%. The lowest was -719.83%. And the median was 122.45%.

JSE:BLU's ROC (Joel Greenblatt) % is ranked better than
91.42% of 373 companies
in the Telecommunication Services industry
Industry Median: 15.5 vs JSE:BLU: 82.12

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


Blue Label Telecoms ROC (Joel Greenblatt) % Historical Data

The historical data trend for Blue Label Telecoms'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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Blue Label Telecoms ROC (Joel Greenblatt) % Chart

Blue Label Telecoms 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 104.16 288.25 662.58 481.33 286.59

Blue Label Telecoms Semi-Annual Data
May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24
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 74.36 216.60 141.81 105.53 86.68

Competitive Comparison of Blue Label Telecoms's ROC (Joel Greenblatt) %

For the Telecom Services subindustry, Blue Label Telecoms'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.


Blue Label Telecoms's ROC (Joel Greenblatt) % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Blue Label Telecoms's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Blue Label Telecoms's ROC (Joel Greenblatt) % falls into.


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Blue Label Telecoms 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: May. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(435.356 + 405.388 + 5492.799) - (5006.375 + 0 + 477.221)
=849.947

Working Capital(Q: Nov. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3846.976 + 4225.265 + 533.171) - (5112.305 + 0 + 139.571)
=3353.536

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Blue Label Telecoms for the quarter that ended in Nov. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Nov. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2024  Q: Nov. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2031.644/( ( (257.737 + max(849.947, 0)) + (226.25 + max(3353.536, 0)) )/ 2 )
=2031.644/( ( 1107.684 + 3579.786 )/ 2 )
=2031.644/2343.735
=86.68 %

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


Blue Label Telecoms  (JSE:BLU) 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.


Blue Label Telecoms ROC (Joel Greenblatt) % Related Terms

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Blue Label Telecoms Business Description

Traded in Other Exchanges
N/A
Address
75 Grayston Drive, Corner Benmore Road, Morningside Extension 5, Sandton, Johannesburg, GT, ZAF, 2196
Blue Label Telecoms Ltd is a technology company. It derives revenue from the distribution of airtime and mobile transaction services. It operates through four segments: African Distribution, International, Solutions and Corporate. African distribution includes the distribution of physical and virtual prepaid airtime and electricity of the South African telecommunication and utilities companies. International includes the distribution of physical and virtual prepaid airtime in India and Mexico and payment solutions in India. Solutions include the provision of a mobile transactional platform and the marketing of mobile and financial products. The company generates the vast majority of its revenue in South Africa.