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Mason Infratech (NSE:MASON) ROC (Joel Greenblatt) % : 41.75% (As of Sep. 2024)


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What is Mason Infratech 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. Mason Infratech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 41.75%.

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

NSE:MASON' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.59   Med: 44.08   Max: 48.35
Current: 20.87

During the past 3 years, Mason Infratech's highest ROC (Joel Greenblatt) % was 48.35%. The lowest was 5.59%. And the median was 44.08%.

NSE:MASON's ROC (Joel Greenblatt) % is ranked better than
61.74% of 1759 companies
in the Real Estate industry
Industry Median: 10.49 vs NSE:MASON: 20.87

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


Mason Infratech ROC (Joel Greenblatt) % Historical Data

The historical data trend for Mason Infratech'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.

Mason Infratech ROC (Joel Greenblatt) % Chart

Mason Infratech Annual Data
Trend Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
5.59 44.08 48.35

Mason Infratech Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Sep24
ROC (Joel Greenblatt) % - - - 41.16 41.75

Competitive Comparison of Mason Infratech's ROC (Joel Greenblatt) %

For the Real Estate - Development subindustry, Mason Infratech'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.


Mason Infratech's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mason Infratech's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Mason Infratech 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)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(232.254 + 233.321 + 58.152) - (111.02 + 0 + 148.538)
=264.169

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Mason Infratech for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=151.206/( ( (0 + max(0, 0)) + (98.017 + max(264.169, 0)) )/ 1 )
=151.206/( ( 0 + 362.186 )/ 1 )
=151.206/362.186
=41.75 %

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


Mason Infratech  (NSE:MASON) 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.


Mason Infratech ROC (Joel Greenblatt) % Related Terms

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Mason Infratech Business Description

Traded in Other Exchanges
N/A
Address
Pokhran Road, No. 2, Flat No. 103, Imperia, Mahavir Millenium, Vasant Vihar, Thane, Mumbai, MH, IND, 400 610
Mason Infratech Ltd is a real estate construction company providing construction services for Residential as well as Commercial buildings of new and redevelopment projects. It specializes in executing civil contracts. The company is also working on lifestyle projects and high-value standalone buildings. Its capabilities include constructing concrete building structures as well as composite steel structures and providing mechanical, electrical, and plumbing (MEP) and finishing works.

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