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Priti International (NSE:PRITI) ROC (Joel Greenblatt) % : 22.50% (As of Jun. 2024)


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What is Priti International 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. Priti International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 22.50%.

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

NSE:PRITI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 24.65   Med: 44.89   Max: 155.75
Current: 45.41

During the past 12 years, Priti International's highest ROC (Joel Greenblatt) % was 155.75%. The lowest was 24.65%. And the median was 44.89%.

NSE:PRITI's ROC (Joel Greenblatt) % is ranked better than
89.07% of 430 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 11.025 vs NSE:PRITI: 45.41

Priti International's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.70% per year.


Priti International ROC (Joel Greenblatt) % Historical Data

The historical data trend for Priti International'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.

Priti International ROC (Joel Greenblatt) % Chart

Priti International Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.61 45.45 49.16 56.94 45.42

Priti International Quarterly Data
Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.12 64.90 59.60 23.22 22.50

Competitive Comparison of Priti International's ROC (Joel Greenblatt) %

For the Furnishings, Fixtures & Appliances subindustry, Priti International'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.


Priti International's ROC (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Priti International's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Priti International 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(109.702 + 206.292 + 63.601) - (74.959 + 0 + 9.33)
=295.306

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Priti International for the quarter that ended in Jun. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=81.204/( ( (65.588 + max(295.306, 0)) + (0 + max(0, 0)) )/ 1 )
=81.204/( ( 360.894 + 0 )/ 1 )
=81.204/360.894
=22.50 %

Note: The EBIT data used here is four times the quarterly (Jun. 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.


Priti International  (NSE:PRITI) 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.


Priti International ROC (Joel Greenblatt) % Related Terms

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Priti International Business Description

Traded in Other Exchanges
N/A
Address
M.I.A., Plot No. F-43, 1st Phase, Basni, Jodhpur, RJ, IND, 342001
Priti International Ltd is engaged in the manufacturing and exporting of handicraft products. It offers products including living room furniture, bedroom furniture, dining room, seating, home and kitchen, and others. The company's operating segment includes Wooden and Iron Handicraft and Textile Handicraft. It generates maximum revenue from the Wooden and Iron Handicraft segment.

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