Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) ROC (Joel Greenblatt) % : -6.11% (As of Mar. 2024)

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What is Future Kid Entertainment and Real Estate Co 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. Future Kid Entertainment and Real Estate Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6.11%.

The historical rank and industry rank for Future Kid Entertainment and Real Estate Co's ROC (Joel Greenblatt) % or its related term are showing as below:

KUW:FUTUREKID' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -80.82 Med: 8.83 Max: 16.71
Current: 5.17

During the past 13 years, Future Kid Entertainment and Real Estate Co's highest ROC (Joel Greenblatt) % was 16.71%. The lowest was -80.82%. And the median was 8.83%.

KUW:FUTUREKID's ROC (Joel Greenblatt) % is ranked worse than
61.29% of 824 companies
in the Travel & Leisure industry
Industry Median: 9.47 vs KUW:FUTUREKID: 5.17

Future Kid Entertainment and Real Estate Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.

Future Kid Entertainment and Real Estate Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Future Kid Entertainment and Real Estate Co'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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Future Kid Entertainment and Real Estate Co ROC (Joel Greenblatt) % Chart

Future Kid Entertainment and Real Estate Co Annual Data

Trend

Dec10

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

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1.91

-25.20

-5.07

10.63

9.08

Future Kid Entertainment and Real Estate Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															9.03	17.51	12.79	-2.74	-6.11

Competitive Comparison of Future Kid Entertainment and Real Estate Co's ROC (Joel Greenblatt) %

For the Leisure subindustry, Future Kid Entertainment and Real Estate Co'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.

Future Kid Entertainment and Real Estate Co's ROC (Joel Greenblatt) % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Future Kid Entertainment and Real Estate Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Future Kid Entertainment and Real Estate Co's ROC (Joel Greenblatt) % falls into.

Future Kid Entertainment and Real Estate Co 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: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.23	+	0.492	+	0.39)	-	(0.758	+	0	+	1.597)
=	-1.243

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.327	+	0.47	+	0.371)	-	(2.321	+	0	+	-8.8817841970013E-16)
=	-1.153

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Future Kid Entertainment and Real Estate Co for the quarter that ended in Mar. 2024 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.02	/	( ( (16.543 + max(-1.243, 0))	+	(16.855 + max(-1.153, 0)) )	/	2 )
=	-1.02	/	( ( 16.543	+	16.855 )	/	2 )
=	-1.02	/	16.699
=	-6.11 %

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) 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.

Future Kid Entertainment and Real Estate Co ROC (Joel Greenblatt) % Related Terms

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Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Free Zone Area, Futur Ara, Block D20, P.O. Box 4277, Al-Safat, KWT, 13043

Website

https://www.futurekid.com.kw

Future Kid Entertainment and Real Estate Co operates and manages family entertainment centers in Kuwait. It provides recreational services for kids and families. It also operates entertainment complexes which include facilities like games & aqua parks. It also engages in the acquisition, development, and sale of real estate and lands. It derives revenue from customer charges and game cards used for games available in different branches.

Future Kid Entertainment and Real Estate Co (KUW:FUTUREKID) Headlines

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