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And Factory (TSE:7035) ROC (Joel Greenblatt) % : 15.04% (As of Feb. 2024)


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What is And Factory 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. And Factory's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 15.04%.

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

TSE:7035' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.09   Med: 43.66   Max: 273.18
Current: 3.44

During the past 8 years, And Factory's highest ROC (Joel Greenblatt) % was 273.18%. The lowest was -18.09%. And the median was 43.66%.

TSE:7035's ROC (Joel Greenblatt) % is ranked worse than
56.51% of 2748 companies
in the Software industry
Industry Median: 14.4 vs TSE:7035: 3.44

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


And Factory ROC (Joel Greenblatt) % Historical Data

The historical data trend for And Factory'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.

And Factory ROC (Joel Greenblatt) % Chart

And Factory Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 175.88 -18.09 -15.41 -10.09 3.60

And Factory 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 2.41 3.64 5.02 -6.68 15.04

Competitive Comparison of And Factory's ROC (Joel Greenblatt) %

For the Software - Application subindustry, And Factory'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.


And Factory's ROC (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, And Factory's ROC (Joel Greenblatt) % distribution charts can be found below:

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



And Factory 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)
=(568.183 + 1751.308 + 276.88) - (657.454 + 0 + 142.154)
=1796.763

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(485.535 + 78.722 + 293.57) - (697.64 + 0 + 247.918)
=-87.731

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of And Factory 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 )
=301.292/( ( (1109.943 + max(1796.763, 0)) + (1100.194 + max(-87.731, 0)) )/ 2 )
=301.292/( ( 2906.706 + 1100.194 )/ 2 )
=301.292/2003.45
=15.04 %

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.


And Factory  (TSE:7035) 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.


And Factory ROC (Joel Greenblatt) % Related Terms

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And Factory (TSE:7035) Business Description

Traded in Other Exchanges
N/A
Address
3-6-28 Aobadai, Meguro-ku, Sumitomo Realty Aobadai Tower 1st & 2nd Floor, Tokyo, JPN, 153-0042
And Factory Inc is a Japan-based software company. Its business activities are divided into two divisions including smartphone app and Internet of Things (IoT) business division. The company is engaged in developing various applications that connect users and services. It mainly develops tool-based applications, game strategy bulletin board applications, and manga applications.

And Factory (TSE:7035) Headlines

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