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Fuji (TSE:7605) ROC (Joel Greenblatt) % : 32.79% (As of Apr. 2024)


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What is Fuji 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. Fuji's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2024 was 32.79%.

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

TSE:7605' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.65   Med: 21.26   Max: 32.94
Current: 32.94

During the past 12 years, Fuji's highest ROC (Joel Greenblatt) % was 32.94%. The lowest was 13.65%. And the median was 21.26%.

TSE:7605's ROC (Joel Greenblatt) % is ranked better than
85.44% of 1312 companies
in the Vehicles & Parts industry
Industry Median: 11.99 vs TSE:7605: 32.94

Fuji's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 7.80% per year.


Fuji ROC (Joel Greenblatt) % Historical Data

The historical data trend for Fuji'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.

Fuji ROC (Joel Greenblatt) % Chart

Fuji Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.60 20.38 25.36 29.98 28.59

Fuji Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 33.83 18.43 18.65 58.08 32.79

Competitive Comparison of Fuji's ROC (Joel Greenblatt) %

For the Auto Parts subindustry, Fuji'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.


Fuji's ROC (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fuji's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Fuji 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: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2113.341 + 5895.388 + 1051.306) - (2449.956 + 0 + 3853.754)
=2756.325

Working Capital(Q: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2982.386 + 7139.09 + 1143.566) - (4965.383 + 0 + 3246.14)
=3053.519

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Apr. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2024  Q: Apr. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5360.772/( ( (13728.818 + max(2756.325, 0)) + (13160.567 + max(3053.519, 0)) )/ 2 )
=5360.772/( ( 16485.143 + 16214.086 )/ 2 )
=5360.772/16349.6145
=32.79 %

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


Fuji  (TSE:7605) 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.


Fuji ROC (Joel Greenblatt) % Related Terms

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Fuji Business Description

Traded in Other Exchanges
N/A
Address
9-3-3 Narita Tomiya-machi, Kurokawa-gun, Miyagi, JPN, 981-3341
Fuji Corp is engaged in the business of developing and trading car tire, wheel, and equipment.

Fuji Headlines

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