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Atal Realtech (NSE:ATALREAL) ROC (Joel Greenblatt) % : 17.60% (As of Mar. 2024)


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What is Atal Realtech 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. Atal Realtech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 17.60%.

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

NSE:ATALREAL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.68   Med: 14.5   Max: 23.15
Current: 12.63

During the past 7 years, Atal Realtech's highest ROC (Joel Greenblatt) % was 23.15%. The lowest was 10.68%. And the median was 14.50%.

NSE:ATALREAL's ROC (Joel Greenblatt) % is ranked worse than
58.25% of 1660 companies
in the Construction industry
Industry Median: 17.92 vs NSE:ATALREAL: 12.63

Atal Realtech's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -13.60% per year.


Atal Realtech ROC (Joel Greenblatt) % Historical Data

The historical data trend for Atal Realtech'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.

Atal Realtech ROC (Joel Greenblatt) % Chart

Atal Realtech Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 20.85 14.50 11.67 10.68 12.45

Atal Realtech Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 20.72 7.41 12.98 8.37 17.60

Competitive Comparison of Atal Realtech's ROC (Joel Greenblatt) %

For the Engineering & Construction subindustry, Atal Realtech'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.


Atal Realtech's ROC (Joel Greenblatt) % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Atal Realtech's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Atal Realtech 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(66.085 + 293.057 + 1.879) - (6.39 + 0 + 15.538)
=339.093

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(78.842 + 329.86 + 0.13499999999999) - (14.73 + 0 + 86.045)
=308.062

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Atal Realtech 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: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=63.388/( ( (34.215 + max(339.093, 0)) + (39.024 + max(308.062, 0)) )/ 2 )
=63.388/( ( 373.308 + 347.086 )/ 2 )
=63.388/360.197
=17.60 %

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


Atal Realtech  (NSE:ATALREAL) 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.


Atal Realtech ROC (Joel Greenblatt) % Related Terms

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Atal Realtech (NSE:ATALREAL) Business Description

Traded in Other Exchanges
Address
Unit No. 301 and 302, S. No. 744, ABH Developers Town Square, Near City Centre Mall, Untwadi, Nashik, MH, IND, 422002
Atal Realtech Ltd is a construction company providing integrated civil works contracting and engineering services for structural construction and infrastructure sector projects. The company is engaged in contracting and sub-contracting for various government and private projects which includes the construction of commercial structures and industrial structures. It focuses on projects such as Civil construction projects, Water Supply and Drainage Projects, Road and Bridge projects, and Major and Minor Irrigation Projects.

Atal Realtech (NSE:ATALREAL) Headlines

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