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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. Kohl's's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2025 was 4.59%.
The historical rank and industry rank for Kohl's's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, Kohl's's highest ROC (Joel Greenblatt) % was 15.66%. The lowest was -2.61%. And the median was 11.69%.
Kohl's's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The historical data trend for Kohl's'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.
Kohl's Annual Data | |||||||||||||||||||||
Trend | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | Jan25 | |||||||||||
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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-2.61 | 15.66 | 2.36 | 6.52 | 4.01 |
Kohl's Quarterly Data | ||||||||||||||||||||
Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | Oct24 | Jan25 | |
ROC (Joel Greenblatt) % | Get a 7-Day Free Trial |
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10.59 | 1.56 | 6.01 | 3.52 | 4.59 |
For the Department Stores subindustry, Kohl's'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Kohl's's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kohl's's ROC (Joel Greenblatt) % falls into.
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: Oct. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 4099 | + | 344) | - | (3118 | + | 0 | + | 0) |
= | 1325 |
Working Capital | (Q: Jan. 2025 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 2945 | + | 309) | - | (2305 | + | 0 | + | 0) |
= | 949 |
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Kohl's for the quarter that ended in Jan. 2025 can be restated as:
ROC (Joel Greenblatt) % | (Q: Jan. 2025 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Oct. 2024 | Q: Jan. 2025 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 504 | / | ( ( (9972 + max(1325, 0)) | + | (9691 + max(949, 0)) ) | / | 2 ) |
= | 504 | / | ( ( 11297 | + | 10640 ) | / | 2 ) |
= | 504 | / | 10968.5 | ||||
= | 4.59 % |
Note: The EBIT data used here is four times the quarterly (Jan. 2025) 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.
Kohl's (NYSE:KSS) 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.
Thank you for viewing the detailed overview of Kohl's's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Feeney Siobhan Mc | officer: Chief Technology Officer | N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051 |
Adolfo Villagomez | director | N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051 |
Thomas Kingsbury | officer: Senior Exec. Vice President | 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016 |
David Alves | officer: President & COO | N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051 |
Jones Nicholas David George | officer: Chief Merch. / Digital Officer | N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051 |
Jennifer J. Kent | officer: Chief Legal Officer, Secretary | QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089-3995 |
John E. Schlifske | director | N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051 |
Jonas Prising | director | MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212 |
Peter Boneparth | director | 1411 BROADWAY, NEW YORK NY 10018 |
Christie Raymond | officer: Chief Marketing Officer | N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051 |
Christine Mccormick Day | director | N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051 |
Margaret L Jenkins | director | 203 EAST MAINST P 12-02, SPARTANBURG SC 29319 |
Robbin Mitchell | director | W56 N17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051 |
Jason J. Kelroy | officer: Sr.EVP,Gen. Counsel,Secretary | W56 N17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051 |
Yael Cosset | director | 1014 VINE STREET, CINCINNATI OH 45202 |
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