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Pluxee NV (XPAR:PLX) ROC (Joel Greenblatt) % : 342.11% (As of Aug. 2024)


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What is Pluxee NV 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. Pluxee NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 342.11%.

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

XPAR:PLX' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 273.21   Med: 332.21   Max: 509.68
Current: 354.61

During the past 4 years, Pluxee NV's highest ROC (Joel Greenblatt) % was 509.68%. The lowest was 273.21%. And the median was 332.21%.

XPAR:PLX's ROC (Joel Greenblatt) % is ranked better than
92.65% of 1047 companies
in the Business Services industry
Industry Median: 21.38 vs XPAR:PLX: 354.61

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


Pluxee NV ROC (Joel Greenblatt) % Historical Data

The historical data trend for Pluxee NV'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.

Pluxee NV ROC (Joel Greenblatt) % Chart

Pluxee NV Annual Data
Trend Aug21 Aug22 Aug23 Aug24
ROC (Joel Greenblatt) %
273.21 509.68 309.80 354.61

Pluxee NV Semi-Annual Data
Aug21 Aug22 Feb23 Aug23 Feb24 Aug24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial - 675.68 101.54 369.23 342.11

Competitive Comparison of Pluxee NV's ROC (Joel Greenblatt) %

For the Specialty Business Services subindustry, Pluxee NV'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.


Pluxee NV's ROC (Joel Greenblatt) % Distribution in the Business Services Industry

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

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



Pluxee NV 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: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1288 + 0 + 0) - (3950 + 0 + 0)
=-2662

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1083 + 25 + 1091) - (4049 + 0 + 200)
=-2050

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=260/( ( (0 + max(-2662, 0)) + (76 + max(-2050, 0)) )/ 1 )
=260/( ( 0 + 76 )/ 1 )
=260/76
=342.11 %

Note: The EBIT data used here is two times the semi-annual (Aug. 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.


Pluxee NV  (XPAR:PLX) 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.


Pluxee NV ROC (Joel Greenblatt) % Related Terms

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Pluxee NV Business Description

Comparable Companies
Traded in Other Exchanges
Address
255 Quai de la Bataille de Stalingrad, Issy-les-Moulineaux, Paris, FRA, 92866
Pluxee NV is a company providing employee benefits and engagement. It offers products and services focused on their real daily needs from meal orders to expense reports and well-being. The company's operating segments include: Continental Europe; Latin America; and Rest of the world. It derives maximum revenue from Continental Europe.