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Delivery Consulting (TSE:9240) ROC (Joel Greenblatt) % : 84.78% (As of Apr. 2024)


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What is Delivery Consulting 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. Delivery Consulting's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2024 was 84.78%.

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

TSE:9240' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.66   Med: 120.39   Max: 472.31
Current: 85.63

During the past 5 years, Delivery Consulting's highest ROC (Joel Greenblatt) % was 472.31%. The lowest was 8.66%. And the median was 120.39%.

TSE:9240's ROC (Joel Greenblatt) % is ranked better than
72.29% of 2750 companies
in the Software industry
Industry Median: 14.435 vs TSE:9240: 85.63

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


Delivery Consulting ROC (Joel Greenblatt) % Historical Data

The historical data trend for Delivery Consulting'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.

Delivery Consulting ROC (Joel Greenblatt) % Chart

Delivery Consulting Annual Data
Trend Jul19 Jul20 Jul21 Jul22 Jul23
ROC (Joel Greenblatt) %
8.66 120.39 470.77 472.31 30.80

Delivery Consulting Quarterly Data
Jul19 Jul20 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 52.81 -29.09 122.16 140.31 84.78

Competitive Comparison of Delivery Consulting's ROC (Joel Greenblatt) %

For the Information Technology Services subindustry, Delivery Consulting'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.


Delivery Consulting's ROC (Joel Greenblatt) % Distribution in the Software Industry

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

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



Delivery Consulting 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)
=(305.686 + 2.981 + 100.859) - (119.406 + 0 + 165.195)
=124.925

Working Capital(Q: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(403.274 + 5.661 + 115.184) - (131.719 + 0 + 238.511)
=153.889

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Delivery Consulting 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 )
=184.212/( ( (80.455 + max(124.925, 0)) + (75.286 + max(153.889, 0)) )/ 2 )
=184.212/( ( 205.38 + 229.175 )/ 2 )
=184.212/217.2775
=84.78 %

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.


Delivery Consulting  (TSE:9240) 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.


Delivery Consulting ROC (Joel Greenblatt) % Related Terms

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Delivery Consulting (TSE:9240) Business Description

Traded in Other Exchanges
N/A
Address
1-3-13 Takanawa, NBF Takanawa Bldg, Minato-ku, Tokyo, JPN, 108-0074
Delivery Consulting Inc provides technology oriented consulting services. It offers service such as internet of things consulting, project management office consulting, cloud consulting and robotics process automation.

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