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Cookbiz Co (TSE:6558) ROC (Joel Greenblatt) % : 100.18% (As of Feb. 2024)


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What is Cookbiz 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. Cookbiz Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 100.18%.

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

TSE:6558' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -298.39   Med: 148.56   Max: 395.3
Current: 127.52

During the past 9 years, Cookbiz Co's highest ROC (Joel Greenblatt) % was 395.30%. The lowest was -298.39%. And the median was 148.56%.

TSE:6558's ROC (Joel Greenblatt) % is ranked better than
85% of 1067 companies
in the Business Services industry
Industry Median: 21.2 vs TSE:6558: 127.52

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


Cookbiz Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Cookbiz 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.

Cookbiz Co ROC (Joel Greenblatt) % Chart

Cookbiz Co Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 93.52 -290.53 -298.39 156.04 148.56

Cookbiz Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 97.06 232.53 66.26 186.42 100.18

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

For the Staffing & Employment Services subindustry, Cookbiz 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.


Cookbiz Co's ROC (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cookbiz Co's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Cookbiz 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: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(196.564 + 299.489 + 23.256) - (192.109 + 0 + 256.278)
=70.922

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(365.213 + 271.35 + 51.083) - (210.78 + 0 + 225.494)
=251.372

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Cookbiz Co for the quarter that ended in Feb. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=395.236/( ( (190.215 + max(70.922, 0)) + (276.581 + max(251.372, 0)) )/ 2 )
=395.236/( ( 261.137 + 527.953 )/ 2 )
=395.236/394.545
=100.18 %

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


Cookbiz Co  (TSE:6558) 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.


Cookbiz Co ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Cookbiz Co's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Cookbiz Co (TSE:6558) Business Description

Traded in Other Exchanges
N/A
Address
2-7-18 Shibata, 6th Floor, OX Umeda Building Annex, Kita-ku, Osaka, JPN, 530-0012
Cookbiz Co Ltd provides human resources services including recruiting and online recruitment advertising services specializing in the food and beverage industry.

Cookbiz Co (TSE:6558) Headlines

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