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Body Central (Body Central) ROC (Joel Greenblatt) % : -201.67% (As of Sep. 2014)


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What is Body Central 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. Body Central's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2014 was -201.67%.

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

BODY's ROC (Joel Greenblatt) % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 9.94
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Body Central ROC (Joel Greenblatt) % Historical Data

The historical data trend for Body Central'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.

Body Central ROC (Joel Greenblatt) % Chart

Body Central Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 57.31 124.25 160.04 67.55 -77.10

Body Central Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 -138.70 -42.97 -80.73 -196.75 -201.67

Competitive Comparison of Body Central's ROC (Joel Greenblatt) %

For the Apparel Retail subindustry, Body Central'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.


Body Central's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

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

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



Body Central 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: Jun. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.813 + 15.433 + 13.255) - (35.687 + 0 + 13.178)
=-19.364

Working Capital(Q: Sep. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.721 + 12.077 + 16.824) - (22.327 + 0 + 6.925)
=0.37

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Body Central for the quarter that ended in Sep. 2014 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2014 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2014  Q: Sep. 2014
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-71.432/( ( (41.127 + max(-19.364, 0)) + (29.345 + max(0.37, 0)) )/ 2 )
=-71.432/( ( 41.127 + 29.715 )/ 2 )
=-71.432/35.421
=-201.67 %

Note: The EBIT data used here is four times the quarterly (Sep. 2014) 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.


Body Central  (OTCPK:BODY) 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.


Body Central ROC (Joel Greenblatt) % Related Terms

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Body Central (Body Central) Business Description

Traded in Other Exchanges
N/A
Address
Body Central Corp is a multi-channel specialty retailer offering apparel and accessories. The company operates specialty apparel stores under the Body Central and Body Shop banners as well as a direct business comprised Boy central catalog and e-commerce website. Its products include tops, dresses, bottoms, jewelry, lingerie, accessories, and shoes. The company markets and sells its products under Bodycentral, Sexy stretch and Lipstick lingerie brand labels.
Executives
683 Capital Partners, Lp 10 percent owner C/O 683 CAPITAL GP, LLC, 1700 BROADWAY, SUITE 4200, NEW YORK NY 10019
683 Capital Management, Llc 10 percent owner 1700 BROADWAY, SUITE 4200, NEW YORK NY 10019
Ari Zweiman director C/O 683 CAPITAL MANAGEMENT, 1700 BROADWAY, SUITE 4200, NEW YORK NY 10019
Solas Capital Management, Llc 10 percent owner 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Tucker Golden Frederick 10 percent owner C/O SOLAS CAPITAL MANAGEMENT, LLC, 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Donna R Ecton director C/O BODY CENTRAL CORP., 6225 POWERS AVENUE, JACKSONVILLE FL 32217
Thomas W Stoltz officer: COO & CFO 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
John K Haley director C/O GENERAL GROWTH PROPERTIES, INC. 110 NORTH WACKER DRIVE CHICAGO IL 60606
Allen Weinstein other: Former President and CEO C/O BODY CENTRAL CORP., 6225 POWERS AVENUE, JACKSONVILLE FL 32217
Martin P Doolan director 150 THORN HILL DR., WARRENDALE PA 15095
Richard J Williams 10 percent owner 125 HIGH STREET, 26TH FLOOR, BOSTON MA 02110

Body Central (Body Central) Headlines

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