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C.S.Lumber Co (TSE:7808) ROC (Joel Greenblatt) % : 14.98% (As of Feb. 2024)


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What is C.S.Lumber 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. C.S.Lumber Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 14.98%.

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

TSE:7808' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.04   Med: 14.1   Max: 44.62
Current: 20.25

During the past 8 years, C.S.Lumber Co's highest ROC (Joel Greenblatt) % was 44.62%. The lowest was 11.04%. And the median was 14.10%.

TSE:7808's ROC (Joel Greenblatt) % is ranked better than
83.28% of 293 companies
in the Forest Products industry
Industry Median: 6 vs TSE:7808: 20.25

C.S.Lumber Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 30.30% per year.


C.S.Lumber Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for C.S.Lumber 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.

C.S.Lumber Co ROC (Joel Greenblatt) % Chart

C.S.Lumber Co Annual Data
Trend Nov15 Nov16 Nov17 Nov18 May20 May21 May22 May23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 11.04 14.99 16.83 44.62 31.19

C.S.Lumber 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 30.92 22.17 22.86 21.20 14.98

Competitive Comparison of C.S.Lumber Co's ROC (Joel Greenblatt) %

For the Lumber & Wood Production subindustry, C.S.Lumber 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.


C.S.Lumber Co's ROC (Joel Greenblatt) % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, C.S.Lumber Co's ROC (Joel Greenblatt) % distribution charts can be found below:

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



C.S.Lumber 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)
=(3579.545 + 1467.261 + 105.006) - (2254.589 + 0 + 2798.125)
=99.098

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3389.912 + 1531.98 + 165.371) - (1867.674 + 0 + 2543.096)
=676.493

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of C.S.Lumber 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 )
=1810.084/( ( (11581.561 + max(99.098, 0)) + (11812.411 + max(676.493, 0)) )/ 2 )
=1810.084/( ( 11680.659 + 12488.904 )/ 2 )
=1810.084/12084.7815
=14.98 %

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.


C.S.Lumber Co  (TSE:7808) 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.


C.S.Lumber Co ROC (Joel Greenblatt) % Related Terms

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C.S.Lumber Co (TSE:7808) Business Description

Traded in Other Exchanges
N/A
Address
1-16-3 Makuhari-Hongo, Hanamigawa-ku, Chiba, JPN, 262-0033
C.S.Lumber Co Inc is a Japan-based company, engages in the pre-cutting and sale of a wood business. It is engaged in the computer-aided design, pre-cut processing, and distribution of lumbers, design of two-by-four method, as well as the manufacture and distribution of panels. It is also engaged in the construction contracting of wooden detached houses and wooden general buildings as well as Real Estate Leasing business.

C.S.Lumber Co (TSE:7808) Headlines

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