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Motion Display Scandinavia AB (XSAT:MODI) ROC (Joel Greenblatt) % : 132.40% (As of Mar. 2024)


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What is Motion Display Scandinavia AB 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. Motion Display Scandinavia AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 132.40%.

The historical rank and industry rank for Motion Display Scandinavia AB's ROC (Joel Greenblatt) % or its related term are showing as below:

XSAT:MODI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -405.8   Med: -69.92   Max: 113.31
Current: 24.75

During the past 11 years, Motion Display Scandinavia AB's highest ROC (Joel Greenblatt) % was 113.31%. The lowest was -405.80%. And the median was -69.92%.

XSAT:MODI's ROC (Joel Greenblatt) % is ranked better than
61.35% of 1048 companies
in the Media - Diversified industry
Industry Median: 11.44 vs XSAT:MODI: 24.75

Motion Display Scandinavia AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Motion Display Scandinavia AB ROC (Joel Greenblatt) % Historical Data

The historical data trend for Motion Display Scandinavia AB'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.

Motion Display Scandinavia AB ROC (Joel Greenblatt) % Chart

Motion Display Scandinavia AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -52.39 -34.71 -133.53 -92.26 -16.53

Motion Display Scandinavia AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -31.55 26.64 -7.75 -59.09 132.40

Competitive Comparison of Motion Display Scandinavia AB's ROC (Joel Greenblatt) %

For the Advertising Agencies subindustry, Motion Display Scandinavia AB'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.


Motion Display Scandinavia AB's ROC (Joel Greenblatt) % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Motion Display Scandinavia AB's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Motion Display Scandinavia AB's ROC (Joel Greenblatt) % falls into.



Motion Display Scandinavia AB 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.417 + 7.221 + 0.3) - (2.4 + 0 + 3.474)
=8.064

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.995 + 5.226 + 0.206) - (1.996 + 0 + 3.407)
=4.024

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Motion Display Scandinavia AB for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=8.412/( ( (0.246 + max(8.064, 0)) + (0.373 + max(4.024, 0)) )/ 2 )
=8.412/( ( 8.31 + 4.397 )/ 2 )
=8.412/6.3535
=132.40 %

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


Motion Display Scandinavia AB  (XSAT:MODI) 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.


Motion Display Scandinavia AB ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Motion Display Scandinavia AB's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Motion Display Scandinavia AB (XSAT:MODI) Business Description

Traded in Other Exchanges
N/A
Address
Salagatan 16, Uppsala, SWE, 753 30
Motion Display Scandinavia AB is engaged in providing in-store advertising with electronic paper displays. The services offered by the company include fixed overlay, exchangeable overlay, and ESL add-on.

Motion Display Scandinavia AB (XSAT:MODI) Headlines

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