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PAL Group Holdings Co (TSE:2726) ROC (Joel Greenblatt) % : 197.04% (As of Nov. 2023)


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What is PAL Group Holdings 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. PAL Group Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 197.04%.

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

TSE:2726' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.04   Med: 86.34   Max: 194.79
Current: 176.82

During the past 13 years, PAL Group Holdings Co's highest ROC (Joel Greenblatt) % was 194.79%. The lowest was 8.04%. And the median was 86.34%.

TSE:2726's ROC (Joel Greenblatt) % is ranked better than
97.11% of 1107 companies
in the Retail - Cyclical industry
Industry Median: 10.03 vs TSE:2726: 176.82

PAL Group Holdings Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 23.40% per year.


PAL Group Holdings Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for PAL Group Holdings 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.

PAL Group Holdings Co ROC (Joel Greenblatt) % Chart

PAL Group Holdings Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 109.41 8.04 86.47 194.79 183.03

PAL Group Holdings Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 145.43 237.16 169.54 197.04 104.50

Competitive Comparison of PAL Group Holdings Co's ROC (Joel Greenblatt) %

For the Apparel Retail subindustry, PAL Group Holdings 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.


PAL Group Holdings Co's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PAL Group Holdings Co's ROC (Joel Greenblatt) % distribution charts can be found below:

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



PAL Group Holdings 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: Aug. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10328 + 14489 + 2379) - (31583 + 0 + 10873)
=-15260

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13241 + 19508 + 2655) - (36969 + 0 + 13548)
=-15113

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PAL Group Holdings Co for the quarter that ended in Nov. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Nov. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2023  Q: Nov. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=21096/( ( (10430 + max(-15260, 0)) + (10983 + max(-15113, 0)) )/ 2 )
=21096/( ( 10430 + 10983 )/ 2 )
=21096/10706.5
=197.04 %

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


PAL Group Holdings Co  (TSE:2726) 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.


PAL Group Holdings Co ROC (Joel Greenblatt) % Related Terms

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PAL Group Holdings Co (TSE:2726) Business Description

Traded in Other Exchanges
N/A
Address
3-6-1, Doshumachi, 10th floor, Keihanshin Midosuji Building, Chuo-ku, Osaka, JPN, 541-0041
PAL Group Holdings Co Ltd is a holding company with subsidiaries that are manufacturers and retailers of women's clothing, men's clothing, and miscellaneous goods. The company's stores operate under dozens of brands, including Asoko, Beardsley, Capricieux Lemage, Chez toi, Ciaopanic, Colle, Discoat, Daily Russet, Dou Dou, CPCM, Lattice, Kastane, Mystic, 3 Coins, Who's Who, Goocy, Live Tart, Prose Verse, Loungedress, Omekashi, and Recette. PAL Group's brands have stores located in Japan and offer on-line ordering.

PAL Group Holdings Co (TSE:2726) Headlines

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