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Malibu Boats (Malibu Boats) ROC (Joel Greenblatt) % : 18.28% (As of Dec. 2023)


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What is Malibu Boats 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. Malibu Boats's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.28%.

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

MBUU' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.07   Med: 122.51   Max: 264.09
Current: 30.34

During the past 13 years, Malibu Boats's highest ROC (Joel Greenblatt) % was 264.09%. The lowest was -5.07%. And the median was 122.51%.

MBUU's ROC (Joel Greenblatt) % is ranked better than
82.68% of 1299 companies
in the Vehicles & Parts industry
Industry Median: 12.3 vs MBUU: 30.34

Malibu Boats's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -20.80% per year.


Malibu Boats ROC (Joel Greenblatt) % Historical Data

The historical data trend for Malibu Boats'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.

Malibu Boats ROC (Joel Greenblatt) % Chart

Malibu Boats Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 142.06 84.45 102.96 99.94 61.22

Malibu Boats Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 67.30 89.14 -33.29 40.86 18.28

Competitive Comparison of Malibu Boats's ROC (Joel Greenblatt) %

For the Recreational Vehicles subindustry, Malibu Boats'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.


Malibu Boats's ROC (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Malibu Boats's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Malibu Boats 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(64.846 + 174.128 + 12.083) - (128.709 + 4.202 + 17.188)
=100.958

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.493 + 157.766 + 11.968) - (118.648 + 5.412 + 12.525)
=60.642

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Malibu Boats for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=58.884/( ( (237.548 + max(100.958, 0)) + (245.131 + max(60.642, 0)) )/ 2 )
=58.884/( ( 338.506 + 305.773 )/ 2 )
=58.884/322.1395
=18.28 %

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


Malibu Boats  (NAS:MBUU) 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.


Malibu Boats ROC (Joel Greenblatt) % Related Terms

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


Malibu Boats (Malibu Boats) Business Description

Traded in Other Exchanges
Address
5075 Kimberly Way, Loudon, TN, USA, 37774
Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats in the U.S. in the 24-foot to 29-foot segment, and Pursuit Boats, which makes high-end offshore and outboard motorboats in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, with exposure to bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories, and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.
Executives
David Scott Black officer: Interim CFO C/O MALIBU BOATS, INC., 5075 KIMBERLY WAY, LOUDON TN 37774
Ritchie L. Anderson officer: Chief Operating Officer 5075 KIMBERLY WAY, LOUDON TN 37774
Springer Jackie D. Jr. officer: Chief Executive Officer 5075 KIMBERLY WAY, LOUDON TN 37774
Nancy M Taylor director TREDEGAR CORP, 1100 BOULDERS PARKWAY, RICHMOND VA 23219
Peter E Murphy director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Wayne R. Wilson officer: Chief Financial Officer 5075 KIMBERLY WAY, LOUDON TN 37774
Mark W. Lanigan director, 10 percent owner 5075 KIMBERLY WAY, LOUDON TN 37774
Michael K. Hooks director, 10 percent owner 2000 AVENUE OF THE STARS, LOS ANGELES CA 90067
Joan M Lewis director C/O MALIBU BOATS, INC., 5075 KIMBERLY WAY, LOUDON TN 37774
Deborah S. Kent officer: VP Human Resources 5075 KIMBERLY WAY, LOUDON TN 37774
Phillip S. Estes director 5075 KIMBERLY WAY, LOUDON TN 37774
St Clair William Paxson Jr director, officer: President of Cobalt Boats, LLC 2625 VERONA ROAD, MISSION HILLS KS 66208
Dan L. Gasper officer: VP of Product Design 5075 KIMBERLY WAY, LOUDON TN 37774
Black Canyon Investments, L.p. 10 percent owner 2000 AVENUE OF THE STARS, 11TH FLOOR, LOS ANGELES CA 90067
Canyon Value Realization Master Fund, L.p. 10 percent owner 2000 AVENUE OF THE STARS, 11TH FLOOR, LOS ANGELES CA 90067