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Bob Evans Farms (Bob Evans Farms) ROC (Joel Greenblatt) % : 6.06% (As of Oct. 2017)


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What is Bob Evans Farms 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. Bob Evans Farms's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2017 was 6.06%.

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

BOBE's ROC (Joel Greenblatt) % is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 11.205
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Bob Evans Farms ROC (Joel Greenblatt) % Historical Data

The historical data trend for Bob Evans Farms'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.

Bob Evans Farms ROC (Joel Greenblatt) % Chart

Bob Evans Farms Annual Data
Trend Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.55 4.36 -0.35 7.62 24.23

Bob Evans Farms Quarterly Data
Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17
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 -2.73 12.61 12.25 30.40 6.06

Competitive Comparison of Bob Evans Farms's ROC (Joel Greenblatt) %

For the Packaged Foods subindustry, Bob Evans Farms'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.


Bob Evans Farms's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bob Evans Farms's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Bob Evans Farms's ROC (Joel Greenblatt) % falls into.



Bob Evans Farms 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. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34.91 + 22.17 + 12.486) - (71.888 + 0 + 6.991)
=-9.313

Working Capital(Q: Oct. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.782 + 29.709 + 9.602) - (52.059 + 0 + 6.31)
=22.724

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bob Evans Farms for the quarter that ended in Oct. 2017 can be restated as:

ROC (Joel Greenblatt) %(Q: Oct. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2017  Q: Oct. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=10.572/( ( (162.608 + max(-9.313, 0)) + (163.359 + max(22.724, 0)) )/ 2 )
=10.572/( ( 162.608 + 186.083 )/ 2 )
=10.572/174.3455
=6.06 %

Note: The EBIT data used here is four times the quarterly (Oct. 2017) 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.


Bob Evans Farms  (NAS:BOBE) 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.


Bob Evans Farms ROC (Joel Greenblatt) % Related Terms

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


Bob Evans Farms (Bob Evans Farms) Business Description

Traded in Other Exchanges
N/A
Address
Bob Evans Farms Inc was incorporated in Delaware in 1985. It is producer and distributor of pork sausage product and complementary home-style refrigerated side dishes and frozen food items under the Bob Evans, Owens and Country Creek brand names. These food products are distributed to warehouses that distribute to retail stores throughout the United States. The Company currently produces food products in its five manufacturing facilities. It is subject to numerous federal, state and local laws affecting its businesses.
Executives
Eileen A Mallesch director 3776 SOUTH HIGH ST, COLUMBUS OH 43207
Charles M Elson director 1401 61STG STREET S, STETSON UNIV COLLEGE OF LAW, ST PETERSBURG FL 33707
Larry S Mcwilliams director
Mary Kay Haben director C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Kathy S Lane director C/O GILLETTE COMPANY, PRUDENTIAL TOWER BUILDING, BOSTON MA 02199
Douglas N Benham director
David W Head director 4311 SNEED ROAD, NASHVILLE TN 37215
Saed Mohseni director, officer: Chief Executive Officer 720 SW WASHINGTON STREET, SUITE 550, PORTLAND OR 97205
Drew T. Domecq officer: SVP - Chief Information Office 810 DSW DRIVE, COLUMBUS OH 43219
Paul S Williams director C/O MAJOR, LINDSEY & AFRICA, 1 SOUTH WACKER DRIVE, SUITE 1750, CHICAGO IL 60606
Kevin C Oneil officer: VP - Associate General Counsel 3776 S HIGH STREET, C/O BOB EVANS FARMS INC, COLUMBUS OH 43207
Steven A Davis director, officer: CEO/COB 3776 SOUTH HIGH ST, COLUMBUS OH 43207
Michael J Gasser director 425 WINTER ROAD, DELAWARE OH 43015
Gordon Gee director 100 MISSION RIDGE, GOODLETTTSVILLE TN 37072
Paul F Desantis officer: CFO 25435 HARVARD RD, BEACHWOOD OH 44122-6201

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