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Burlington Stores (Burlington Stores) ROC (Joel Greenblatt) % : 26.72% (As of Jan. 2024)


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What is Burlington Stores 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. Burlington Stores's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 26.72%.

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

BURL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.82   Med: 22.21   Max: 47.19
Current: 11.25

During the past 13 years, Burlington Stores's highest ROC (Joel Greenblatt) % was 47.19%. The lowest was -8.82%. And the median was 22.21%.

BURL's ROC (Joel Greenblatt) % is ranked better than
52.71% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 10.105 vs BURL: 11.25

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


Burlington Stores ROC (Joel Greenblatt) % Historical Data

The historical data trend for Burlington Stores'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.

Burlington Stores ROC (Joel Greenblatt) % Chart

Burlington Stores Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.98 -8.82 15.13 8.50 11.31

Burlington Stores Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 22.91 5.32 5.13 7.10 26.72

Competitive Comparison of Burlington Stores's ROC (Joel Greenblatt) %

For the Apparel Retail subindustry, Burlington Stores'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.


Burlington Stores's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

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

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



Burlington Stores 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: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(91.579 + 1329.129 + 178.261) - (939.658 + 0 + 588.645)
=70.666

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.361 + 1087.841 + 239.463) - (956.35 + 0 + 647.338)
=-202.023

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Burlington Stores for the quarter that ended in Jan. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1333.592/( ( (4898.2 + max(70.666, 0)) + (5013.093 + max(-202.023, 0)) )/ 2 )
=1333.592/( ( 4968.866 + 5013.093 )/ 2 )
=1333.592/4990.9795
=26.72 %

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


Burlington Stores  (NYSE:BURL) 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.


Burlington Stores ROC (Joel Greenblatt) % Related Terms

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


Burlington Stores (Burlington Stores) Business Description

Traded in Other Exchanges
Address
2006 Route 130 North, Burlington, NJ, USA, 08016
The third-largest American dedicated off-price apparel and home fashion retail firm, with 927 stores as of the end of fiscal 2022, Burlington Stores offers an assortment of products from over 5,000 brands through an everyday-low-price approach that undercuts conventional retailers' regular prices by up to 60%. The company focuses on providing a treasure-hunt experience, with a quickly changing array of merchandise in a relatively low-frills shopping environment. In fiscal 2022, 24% of sales came from accessories and footwear, 22% from women's ready-to-wear apparel, 21% from home décor, 17% from menswear, 12% from youth apparel and baby, and 4% from outerwear. All sales come from the United States.
Executives
William P Mcnamara director
Jennifer Vecchio officer: President and CMO 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Jeffrey Laub officer: SVP, Finance and CAO C/O BURLINGTON COAT FACTORY WAREHOUSE CO, 1830 ROUTE 130, BURLINGTON NJ 08016
Kristin Wolfe officer: Chief Financial Officer C/O BURLINGTON STORES, INC., 1830 ROUTE 130, BURLINGTON NJ 08016
Travis Marquette officer: President and COO 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Mike Metheny officer: Executive Vice President 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
Dennis Hodgson officer: EVP CIO 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Michael R Allison officer: EVP CHRO 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Joyce Manning Magrini officer: Executive Vice President C/O FINLAY ENTERPRISES, INC., 529 FIFTH AVENUE, ATTN: LEGAL DPT., NEW YORK NY 10017
Michael Goodwin director 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Fred Hand officer: Chief Customer Officer 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
John Crimmins officer: Chief Financial Officer 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
Thomas Kingsbury director, officer: President & CEO 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
O Sullivan Michael B director, officer: Chief Executive Officer 5130 HACIENDA DRIVE, DUBLIN CA 94568
Paul Sullivan director 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016