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Lok'n Store Group (LSE:LOK) ROC (Joel Greenblatt) % : 3.06% (As of Jan. 2024)


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What is Lok'n Store Group 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. Lok'n Store Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 3.06%.

The historical rank and industry rank for Lok'n Store Group's ROC (Joel Greenblatt) % or its related term are showing as below:

LSE:LOK' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2   Med: 3.74   Max: 6.88
Current: 2.79

During the past 13 years, Lok'n Store Group's highest ROC (Joel Greenblatt) % was 6.88%. The lowest was 2.00%. And the median was 3.74%.

LSE:LOK's ROC (Joel Greenblatt) % is ranked worse than
66.11% of 1785 companies
in the Real Estate industry
Industry Median: 10.4 vs LSE:LOK: 2.79

Lok'n Store Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.00% per year.


Lok'n Store Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for Lok'n Store Group'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.

Lok'n Store Group ROC (Joel Greenblatt) % Chart

Lok'n Store Group Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.28 3.30 3.58 6.64 3.09

Lok'n Store Group Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 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 10.01 4.02 4.11 2.43 3.06

Competitive Comparison of Lok'n Store Group's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, Lok'n Store Group'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.


Lok'n Store Group's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Lok'n Store Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Lok'n Store Group's ROC (Joel Greenblatt) % falls into.



Lok'n Store Group 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: Jul. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.342 + 0.145 + 0.027000000000001) - (2.328 + 0 + 4.852)
=-5.666

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.293 + 0.131 + 3.5527136788005E-15) - (4.118 + 0 + 3.589)
=-6.283

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Lok'n Store Group 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: Jul. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9.146/( ( (297.177 + max(-5.666, 0)) + (299.96 + max(-6.283, 0)) )/ 2 )
=9.146/( ( 297.177 + 299.96 )/ 2 )
=9.146/298.5685
=3.06 %

Note: The EBIT data used here is two times the semi-annual (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.


Lok'n Store Group  (LSE:LOK) 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.


Lok'n Store Group ROC (Joel Greenblatt) % Related Terms

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Lok'n Store Group (LSE:LOK) Business Description

Traded in Other Exchanges
N/A
Address
112 Hawley Lane, Farnborough, Hampshire, GBR, GU14 8JE
Lok'n Store Group PLC operates in the real estate industry based in the United Kingdom. Its business involves buying or leasing warehouses or industrial buildings and letting them out as self-storage units to its customers. Operating through the Self-Storage segments, the company caters to both households and business customers. Its self-storage segment accounts for the bulk of its operations with the provision of storage rooms, student storage, pallet storage, warehouse space, self-storage archiving, flexible office space, and multi-site business storage accounts.

Lok'n Store Group (LSE:LOK) Headlines

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