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Tanseisha Co (TSE:9743) ROC (Joel Greenblatt) % : 27.43% (As of Jul. 2024)


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What is Tanseisha 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. Tanseisha Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was 27.43%.

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

TSE:9743' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.02   Med: 81   Max: 125.15
Current: 67.58

During the past 13 years, Tanseisha Co's highest ROC (Joel Greenblatt) % was 125.15%. The lowest was 8.02%. And the median was 81.00%.

TSE:9743's ROC (Joel Greenblatt) % is ranked better than
74.98% of 1047 companies
in the Business Services industry
Industry Median: 21.38 vs TSE:9743: 67.58

Tanseisha Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -30.80% per year.


Tanseisha Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Tanseisha 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.

Tanseisha Co ROC (Joel Greenblatt) % Chart

Tanseisha Co Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 106.68 74.34 34.04 8.02 52.80

Tanseisha Co Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 40.06 35.79 104.35 99.17 27.43

Competitive Comparison of Tanseisha Co's ROC (Joel Greenblatt) %

For the Specialty Business Services subindustry, Tanseisha 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.


Tanseisha Co's ROC (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Tanseisha Co's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Tanseisha 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: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17851.968 + 2632.91 + 752.75999999999) - (11310.844 + 0 + 5677.483)
=4249.311

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18899.995 + 2863.989 + 904.768) - (11068.665 + 0 + 4550.853)
=7049.234

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Jul. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2024  Q: Jul. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1718.632/( ( (615.849 + max(4249.311, 0)) + (614.609 + max(7049.234, 0)) )/ 2 )
=1718.632/( ( 4865.16 + 7663.843 )/ 2 )
=1718.632/6264.5015
=27.43 %

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


Tanseisha Co  (TSE:9743) 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.


Tanseisha Co ROC (Joel Greenblatt) % Related Terms

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Tanseisha Co Business Description

Traded in Other Exchanges
N/A
Address
1-2-70 Konan, Shinagawa Season Terrace, 19th Floor, Minato-ku, Tokyo, JPN, 108-8220
Tanseisha Co Ltd is engaged in the research, planning, design, layout, construction, production and operation of commercial, public, cultural, business and event spaces. The business segments of the group are Commercial and Other Facilities Business, Chain Store Business, Cultural Facilities Business, and Others. The Commercial and Other Facilities business segment involves the interior decoration of department stores, specialty stores, restaurants, offices, hotels, and related facilities. The Chain store business segment handles the interiors of chain stores offering casual wear and fast food. The Cultural facilities business segment manages cultural facilities such as exhibitions in museums and science halls.

Tanseisha Co Headlines

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