GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Industria De Diseno Textil SA (OTCPK:IDEXY) » Definitions » ROC (Joel Greenblatt) %

Industria De Diseno Textil (Industria De Diseno Textil) ROC (Joel Greenblatt) %

: 53.90% (As of Jan. 2024)
View and export this data going back to 2009. Start your Free Trial

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. Industria De Diseno Textil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 53.90%.

The historical rank and industry rank for Industria De Diseno Textil's ROC (Joel Greenblatt) % or its related term are showing as below:

IDEXY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.21   Med: 55.34   Max: 58.43
Current: 55.38

During the past 13 years, Industria De Diseno Textil's highest ROC (Joel Greenblatt) % was 58.43%. The lowest was 11.21%. And the median was 55.34%.

IDEXY's ROC (Joel Greenblatt) % is ranked better than
91.13% of 1105 companies
in the Retail - Cyclical industry
Industry Median: 9.94 vs IDEXY: 55.38

Industria De Diseno Textil's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.30% per year.


Industria De Diseno Textil ROC (Joel Greenblatt) % Historical Data

The historical data trend for Industria De Diseno Textil'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.

Industria De Diseno Textil Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 42.11 11.76 32.46 42.59 55.36

Industria De Diseno Textil Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
ROC (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only 45.80 49.64 56.68 61.55 53.90

Competitive Comparison

For the Apparel Retail subindustry, Industria De Diseno Textil'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.


Industria De Diseno Textil ROC (Joel Greenblatt) % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Industria De Diseno Textil's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Industria De Diseno Textil's ROC (Joel Greenblatt) % falls into.



Industria De Diseno Textil 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: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1250.264 + 4650.475 + 489.968) - (10814.15 + 0 + 23.232)
=-4446.675

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(677.56 + 3230.937 + 642.701) - (8133.987 + 0 + 28.322)
=-3611.111

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Industria De Diseno Textil for the quarter that ended in Jan. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7673.204/( ( (13840.549 + max(-4446.675, 0)) + (14633.987 + max(-3611.111, 0)) )/ 2 )
=7673.204/( ( 13840.549 + 14633.987 )/ 2 )
=7673.204/14237.268
=53.90 %

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


Industria De Diseno Textil  (OTCPK:IDEXY) 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.


Industria De Diseno Textil ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Industria De Diseno Textil's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Industria De Diseno Textil (Industria De Diseno Textil) Business Description

Address
Edificio Inditex, Avenida de la Diputación, Arteixo, ESP, 15142
Inditex is a multibrand fashion conglomerate, founded in 1985. Zara is its flagship brand (including Zara Home), generating just over 70% of revenue and 75% of profits. Other brands include Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Uterque. The company operates through 5,800-plus stores globally, over 1,800 of them belonging to the Zara brand. Sixty-five percent of revenue is generated in the European home market, while the Americas and Asia contribute 20% and 14%, respectively. The company keeps design in house while mostly outsourcing manufacturing (own manufacturing constitutes only a low-single-digit percentage of output). Over 50% of sourcing factories are in proximity to the company's headquarters in Spain.

Industria De Diseno Textil (Industria De Diseno Textil) Headlines

From GuruFocus

Industria De Diseno Textil SA's Dividend Analysis

By GuruFocus Research 10-30-2023