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Strike Co (TSE:6196) ROC (Joel Greenblatt) % : 612.75% (As of Sep. 2024)


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What is Strike 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. Strike Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 612.75%.

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

TSE:6196' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 325.62   Med: 2173.59   Max: 5667.33
Current: 515.82

During the past 9 years, Strike Co's highest ROC (Joel Greenblatt) % was 5667.33%. The lowest was 325.62%. And the median was 2173.59%.

TSE:6196's ROC (Joel Greenblatt) % is ranked better than
86.04% of 652 companies
in the Capital Markets industry
Industry Median: 49.155 vs TSE:6196: 515.82

Strike Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -33.10% per year.


Strike Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Strike 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.

Strike Co ROC (Joel Greenblatt) % Chart

Strike Co Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Sep22 Sep23 Sep24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 2,171.75 2,852.60 379.07 325.62 607.71

Strike Co Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 482.50 834.51 445.63 612.75 182.60

Competitive Comparison of Strike Co's ROC (Joel Greenblatt) %

For the Capital Markets subindustry, Strike 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.


Strike Co's ROC (Joel Greenblatt) % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Strike Co's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Strike 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: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(478.981 + 0 + 177.311) - (1123.241 + 0 + 1849.345)
=-2316.294

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(643.867 + 0 + 225.108) - (3333.891 + 0 + 590.058)
=-3054.974

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Strike 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: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7143.072/( ( (1185.265 + max(-2316.294, 0)) + (1146.207 + max(-3054.974, 0)) )/ 2 )
=7143.072/( ( 1185.265 + 1146.207 )/ 2 )
=7143.072/1165.736
=612.75 %

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.


Strike Co  (TSE:6196) 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.


Strike Co ROC (Joel Greenblatt) % Related Terms

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Strike Co Business Description

Traded in Other Exchanges
N/A
Address
Rokubancho SK Building 5F, 3 Rokubancho, Chiyoda-ku, Tokyo, JPN, 102-0085
Strike Co Ltd is a Japan-based company mainly engaged in mergers and acquisitions (M&A) brokerage business. It primarily offers M&A intermediary advice, M&A mediation management, corporate value evaluation, corporate value improvement and financial consulting, due diligence work, corporate restoration support, corporate evaluation services and consulting services and various other related services.

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