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Chuetsu Pulp & Paper Co (TSE:3877) ROC (Joel Greenblatt) % : 0.00% (As of Sep. 2024)


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What is Chuetsu Pulp & Paper 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. Chuetsu Pulp & Paper Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.00%.

The historical rank and industry rank for Chuetsu Pulp & Paper Co's ROC (Joel Greenblatt) % or its related term are showing as below:

TSE:3877' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.08   Med: 2.19   Max: 6.89
Current: 6.72

During the past 13 years, Chuetsu Pulp & Paper Co's highest ROC (Joel Greenblatt) % was 6.89%. The lowest was -6.08%. And the median was 2.19%.

TSE:3877's ROC (Joel Greenblatt) % is ranked better than
54.51% of 288 companies
in the Forest Products industry
Industry Median: 4.99 vs TSE:3877: 6.72

Chuetsu Pulp & Paper Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Chuetsu Pulp & Paper Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Chuetsu Pulp & Paper 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.

* Premium members only.

Chuetsu Pulp & Paper Co ROC (Joel Greenblatt) % Chart

Chuetsu Pulp & Paper Co 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 2.13 -1.13 2.72 4.53 6.89

Chuetsu Pulp & Paper Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 6.60 11.65 4.76 3.81 -

Competitive Comparison of Chuetsu Pulp & Paper Co's ROC (Joel Greenblatt) %

For the Paper & Paper Products subindustry, Chuetsu Pulp & Paper 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.


Chuetsu Pulp & Paper Co's ROC (Joel Greenblatt) % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Chuetsu Pulp & Paper Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Chuetsu Pulp & Paper Co's ROC (Joel Greenblatt) % falls into.



Chuetsu Pulp & Paper 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: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28457 + 16602 + 2210) - (18781 + 0 + 6823)
=21665

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27246 + 16403 + 2335) - (15741 + 0 + 6173)
=24070

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Chuetsu Pulp & Paper Co 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: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (54152 + max(21665, 0)) + (54675 + max(24070, 0)) )/ 2 )
=0/( ( 75817 + 78745 )/ 2 )
=0/77281
=0.00 %

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


Chuetsu Pulp & Paper Co  (TSE:3877) 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.


Chuetsu Pulp & Paper Co ROC (Joel Greenblatt) % Related Terms

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Chuetsu Pulp & Paper Co Business Description

Traded in Other Exchanges
N/A
Address
2-10-6 Ginza, Chuo-ku, Tokyo, JPN, 1048124
Chuetsu Pulp & Paper Co Ltd is engaged in the manufacturing and sale of paper and pulp products. It offers varied products in following categories; paper and pulp manufacturing unit produces newsprint, printing paper, packaging paper, and special paper, paperboard, and pulp products. The Paper-processed Products include paper bags, paper tubes, cardboard boxes, and notebooks. The Power unit deals with the sale of electricity. It is also involved in the forestry, lumbering, and wood processing activities; manufacture, buying, and sale of chemicals; management, leasing, buying, and sale of real estate properties.

Chuetsu Pulp & Paper Co Headlines

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