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Greencore Group (Greencore Group) ROC (Joel Greenblatt) % : 35.39% (As of Sep. 2023)


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What is Greencore 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. Greencore Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 35.39%.

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

GNCGY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.05   Med: 13.66   Max: 28.78
Current: 18.15

During the past 13 years, Greencore Group's highest ROC (Joel Greenblatt) % was 28.78%. The lowest was 2.05%. And the median was 13.66%.

GNCGY's ROC (Joel Greenblatt) % is ranked better than
64.56% of 1885 companies
in the Consumer Packaged Goods industry
Industry Median: 11.07 vs GNCGY: 18.15

Greencore Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 23.30% per year.


Greencore Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for Greencore 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.

Greencore Group ROC (Joel Greenblatt) % Chart

Greencore Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.25 2.10 12.94 13.34 18.94

Greencore Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 21.65 3.54 24.08 1.49 35.39

Competitive Comparison of Greencore Group's ROC (Joel Greenblatt) %

For the Packaged Foods subindustry, Greencore 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.


Greencore Group's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

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

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



Greencore 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: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(326.82 + 86.165 + 2.549) - (550 + 0 + 4.6120000000001)
=-139.078

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(211.139 + 90.223 + 29.826) - (416.337 + 0 + 152.228)
=-237.377

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Greencore Group for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=155.198/( ( (435.801 + max(-139.078, 0)) + (441.213 + max(-237.377, 0)) )/ 2 )
=155.198/( ( 435.801 + 441.213 )/ 2 )
=155.198/438.507
=35.39 %

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) 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.


Greencore Group  (OTCPK:GNCGY) 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.


Greencore Group ROC (Joel Greenblatt) % Related Terms

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Greencore Group (Greencore Group) Business Description

Traded in Other Exchanges
Address
No. 2 Northwood Avenue, Northwood Business Park, Santry, Dublin, IRL, D09 X5N9
Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.

Greencore Group (Greencore Group) Headlines

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