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Raghav Productivity Enhancers (BOM:539837) ROC (Joel Greenblatt) % : 28.34% (As of Mar. 2024)


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What is Raghav Productivity Enhancers 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. Raghav Productivity Enhancers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 28.34%.

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

BOM:539837' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.89   Med: 26.15   Max: 30.8
Current: 19.24

During the past 13 years, Raghav Productivity Enhancers's highest ROC (Joel Greenblatt) % was 30.80%. The lowest was 14.89%. And the median was 26.15%.

BOM:539837's ROC (Joel Greenblatt) % is ranked better than
73.21% of 1560 companies
in the Chemicals industry
Industry Median: 9.845 vs BOM:539837: 19.24

Raghav Productivity Enhancers's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.60% per year.


Raghav Productivity Enhancers ROC (Joel Greenblatt) % Historical Data

The historical data trend for Raghav Productivity Enhancers'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.

Raghav Productivity Enhancers ROC (Joel Greenblatt) % Chart

Raghav Productivity Enhancers Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.57 23.93 30.80 28.35 24.76

Raghav Productivity Enhancers Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 28.73 27.69 24.79 22.96 28.34

Competitive Comparison of Raghav Productivity Enhancers's ROC (Joel Greenblatt) %

For the Chemicals subindustry, Raghav Productivity Enhancers'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.


Raghav Productivity Enhancers's ROC (Joel Greenblatt) % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Raghav Productivity Enhancers's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Raghav Productivity Enhancers's ROC (Joel Greenblatt) % falls into.



Raghav Productivity Enhancers 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)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(397.446 + 275.795 + 97.021) - (131.901 + 0 + 31.38)
=606.981

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Raghav Productivity Enhancers 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 )
=422.548/( ( (0 + max(0, 0)) + (883.826 + max(606.981, 0)) )/ 1 )
=422.548/( ( 0 + 1490.807 )/ 1 )
=422.548/1490.807
=28.34 %

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.


Raghav Productivity Enhancers  (BOM:539837) 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.


Raghav Productivity Enhancers ROC (Joel Greenblatt) % Related Terms

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Raghav Productivity Enhancers (BOM:539837) Business Description

Traded in Other Exchanges
N/A
Address
Alankar Plaza A-10, Central Spine, Office No. 36, 4th Floor, Vidhyadhar Nagar, Jaipur, RJ, IND, 302023
Raghav Productivity Enhancers Ltd is engaged in the business of manufacturing trading of Ramming Mass and other Quartz related items. Its operating segment is Ramming Mass. Some of its products include Acidic Premix Ramming Mass; White Ramming Mass; Premixed Ramming Mass; Silica Ramming Mixes; White Premix Ramming Mass; Magnesite Ramming Mass; Casting Powder; Tundish Board and others. The company sells its products in India and also exports them to other countries.

Raghav Productivity Enhancers (BOM:539837) Headlines

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