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Naman In-Store (India) (NSE:NAMAN) ROC (Joel Greenblatt) % : 59.50% (As of Sep. 2023)


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What is Naman In-Store (India) 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. Naman In-Store (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 59.50%.

The historical rank and industry rank for Naman In-Store (India)'s ROC (Joel Greenblatt) % or its related term are showing as below:

NSE:NAMAN's ROC (Joel Greenblatt) % is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 11.325
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Naman In-Store (India)'s 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Naman In-Store (India) ROC (Joel Greenblatt) % Historical Data

The historical data trend for Naman In-Store (India)'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.

Naman In-Store (India) ROC (Joel Greenblatt) % Chart

Naman In-Store (India) Annual Data
Trend Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
3.42 8.89 33.35

Naman In-Store (India) Semi-Annual Data
Mar21 Mar22 Mar23 Sep23
ROC (Joel Greenblatt) % - - - 59.50

Competitive Comparison of Naman In-Store (India)'s ROC (Joel Greenblatt) %

For the Furnishings, Fixtures & Appliances subindustry, Naman In-Store (India)'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.


Naman In-Store (India)'s ROC (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Naman In-Store (India)'s ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Naman In-Store (India)'s ROC (Joel Greenblatt) % falls into.


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Naman In-Store (India) 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: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(228.63 + 158.359 + 10.264) - (205.43 + 0 + 15.384)
=176.439

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(260.397 + 263.856 + 24.671) - (313.352 + 0 + 23.936)
=211.636

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Naman In-Store (India) for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=208.73/( ( (130.917 + max(176.439, 0)) + (182.665 + max(211.636, 0)) )/ 2 )
=208.73/( ( 307.356 + 394.301 )/ 2 )
=208.73/350.8285
=59.50 %

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) 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.


Naman In-Store (India)  (NSE:NAMAN) 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.


Naman In-Store (India) ROC (Joel Greenblatt) % Related Terms

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Naman In-Store (India) Business Description

Traded in Other Exchanges
N/A
Address
National Highway No. 48, Unit No. 04/47, Kantharia Industrial Estate, Survey No.: 90/3/2/B, Opposite Sopara Phata Police Station, At & Post-Pelhar, Taluka- Vasai, District-Palghar, Palghar, MH, IND, 401208
Naman In-Store (India) Ltd is a display and retail furniture and fixture company with a broad spectrum of offerings and in-store solutions for various industries and retail stores. It manufacture modular furniture for offices, beauty stores, low-housing kitchens, educational institution as well as supermarket shelving solutions. It is engaged in single segment that is in the manufacturing of customized Retail Store fixtures and furniture in Wood, Metal, Plastic, Display fixtures & Furniture's, Indoor fixtures, Full Shops, CTU, CDU, POSM merchandising and others.

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