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SE Holdings andubations Co (TSE:9478) ROC (Joel Greenblatt) % : 61.36% (As of Dec. 2023)


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What is SE Holdings andubations 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. SE Holdings andubations Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 61.36%.

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

TSE:9478' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.04   Med: 15.84   Max: 56.93
Current: 48.54

During the past 13 years, SE Holdings andubations Co's highest ROC (Joel Greenblatt) % was 56.93%. The lowest was 3.04%. And the median was 15.84%.

TSE:9478's ROC (Joel Greenblatt) % is ranked better than
73% of 1048 companies
in the Media - Diversified industry
Industry Median: 11.44 vs TSE:9478: 48.54

SE Holdings andubations Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 37.40% per year.


SE Holdings andubations Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for SE Holdings andubations 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.

SE Holdings andubations Co ROC (Joel Greenblatt) % Chart

SE Holdings andubations Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.21 15.63 34.42 56.93 55.02

SE Holdings andubations Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 63.87 44.58 45.71 41.97 61.36

Competitive Comparison of SE Holdings andubations Co's ROC (Joel Greenblatt) %

For the Publishing subindustry, SE Holdings andubations 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.


SE Holdings andubations Co's ROC (Joel Greenblatt) % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, SE Holdings andubations Co's ROC (Joel Greenblatt) % distribution charts can be found below:

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



SE Holdings andubations 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1668 + 810 + 241) - (581 + 0 + 1001)
=1137

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1465 + 812 + 247) - (471 + 0 + 996)
=1057

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of SE Holdings andubations Co for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1576/( ( (1473 + max(1137, 0)) + (1470 + max(1057, 0)) )/ 2 )
=1576/( ( 2610 + 2527 )/ 2 )
=1576/2568.5
=61.36 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.


SE Holdings andubations Co  (TSE:9478) 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.


SE Holdings andubations Co ROC (Joel Greenblatt) % Related Terms

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SE Holdings andubations Co (TSE:9478) Business Description

Traded in Other Exchanges
N/A
Address
5 Funamachi, Shinjuku-ku, Tokyo, JPN, 160-0006
SE Holdings and Incubations Co., Ltd. is engaged in diversified businesses namely IT technology information services; mobile internet services; marketing services for IT-related enterprises; store operations utilizing IT technology and Development of IT engineers and human resources services.

SE Holdings andubations Co (TSE:9478) Headlines

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