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The WhiteWave Foods Co (The WhiteWave Foods Co) ROC (Joel Greenblatt) % : 31.20% (As of Dec. 2016)


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What is The WhiteWave Foods Co 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. The WhiteWave Foods Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 was 31.20%.

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

WWAV's ROC (Joel Greenblatt) % is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 11.25
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

The WhiteWave Foods Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


The WhiteWave Foods Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for The WhiteWave Foods Co'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.

The WhiteWave Foods Co ROC (Joel Greenblatt) % Chart

The WhiteWave Foods Co Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 28.91 25.11 31.63 30.37 30.92

The WhiteWave Foods Co Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 31.65 27.33 31.97 33.42 31.20

Competitive Comparison of The WhiteWave Foods Co's ROC (Joel Greenblatt) %

For the Packaged Foods subindustry, The WhiteWave Foods Co'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.


The WhiteWave Foods Co's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The WhiteWave Foods Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where The WhiteWave Foods Co's ROC (Joel Greenblatt) % falls into.



The WhiteWave Foods Co 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: Sep. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(284.239 + 296.083 + 68.777) - (519.535 + 0 + 0)
=129.564

Working Capital(Q: Dec. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(283.698 + 296.36 + 78.055) - (533.747 + 0 + 8.309)
=116.057

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of The WhiteWave Foods Co for the quarter that ended in Dec. 2016 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2016  Q: Dec. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=428.176/( ( (1204.169 + max(129.564, 0)) + (1294.71 + max(116.057, 0)) )/ 2 )
=428.176/( ( 1333.733 + 1410.767 )/ 2 )
=428.176/1372.25
=31.20 %

Note: The EBIT data used here is four times the quarterly (Dec. 2016) 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.


The WhiteWave Foods Co  (NYSE:WWAV) 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.


The WhiteWave Foods Co ROC (Joel Greenblatt) % Related Terms

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


The WhiteWave Foods Co (The WhiteWave Foods Co) Business Description

Traded in Other Exchanges
N/A
Address
WhiteWave manufactures, markets, and sells foods and beverages. The company focuses on growing and emerging categories, such as natural and organic food and beverages, plant-based milks and protein products, coffee creamers and drinks, and organic packaged salads and produce. WhiteWave's brand portfolio includes the Silk line of plant-based beverages, Horizon Organic premium dairy, So Delicious, International Delight, and Alpro. North America accounts for 86% of sales, with the remainder mostly generated in Europe.
Executives
W Anthony Vernon director C/O AXOVANT SCIENCES, INC., 320 WEST 37TH STREET, NEW YORK NY 10018
Gregg L Engles director, officer: Chairman and CEO 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Roger E Theodoredis officer: EVP, General Counsel 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Doreen A Wright director 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Michelle P Goolsby director 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Hardin Joseph S Jr director 1225 SEVENTEENTH STREET SUITE 1000 DENVER CO 80202
Stephen L Green director 1225 SEVENTEENTH STREET SUITE 1000 DENVER CO 80202
Kevin C Yost officer: U.S. Group President - AF&B 1225 SEVENTEENTH STREET SUITE 1000 DENVER CO 80202
Blaine E Mcpeak officer: Chief Operating Officer 1225 SEVENTEENTH STREET SUITE 1000 DENVER CO 80202
Thomas N Zanetich officer: EVP - Human Resources 1225 SEVENTEENTH STREET SUITE 1000 DENVER CO 80202
Deryckere Bernard J.p. officer: President, Europe Foods & Bevs 1225 SEVENTEENTH STREET SUITE 1000 DENVER CO 80202
Mary E Minnick director 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Dean Foods Co/ 10 percent owner 2711 N. HASKELL AVENUE, SUITE 3400, DALLAS TX 75204

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