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Infinya (Infinya) ROC (Joel Greenblatt) % : 13.82% (As of Sep. 2022)


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What is Infinya 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. Infinya's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 13.82%.

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

HAIPF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.55   Med: 5.29   Max: 31.88
Current: 12.87

During the past 13 years, Infinya's highest ROC (Joel Greenblatt) % was 31.88%. The lowest was -5.55%. And the median was 5.29%.

HAIPF's ROC (Joel Greenblatt) % is not ranked
in the Forest Products industry.
Industry Median: 5.93 vs HAIPF: 12.87

Infinya's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.60% per year.


Infinya ROC (Joel Greenblatt) % Historical Data

The historical data trend for Infinya'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.

Infinya ROC (Joel Greenblatt) % Chart

Infinya Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.81 11.38 3.87 2.65 7.98

Infinya Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 10.14 10.35 12.43 14.57 13.82

Competitive Comparison of Infinya's ROC (Joel Greenblatt) %

For the Paper & Paper Products subindustry, Infinya'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.


Infinya's ROC (Joel Greenblatt) % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Infinya's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Infinya 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: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(155.398 + 66.425 + 4.584) - (113.298 + 0 + 5.855)
=107.254

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(148.664 + 74.767 + 4.585) - (97.491 + 0 + 5.576)
=124.949

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Infinya for the quarter that ended in Sep. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Sep. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=63.068/( ( (340.196 + max(107.254, 0)) + (340.368 + max(124.949, 0)) )/ 2 )
=63.068/( ( 447.45 + 465.317 )/ 2 )
=63.068/456.3835
=13.82 %

Note: The EBIT data used here is four times the quarterly (Sep. 2022) 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.


Infinya  (OTCPK:HAIPF) 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.


Infinya ROC (Joel Greenblatt) % Related Terms

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Infinya (Infinya) Business Description

Traded in Other Exchanges
N/A
Address
Maizer Street, Industrial Zone, POB 142, Hadera, ISR, 38101
Infinya Ltd formerly Hadera Paper Ltd is a manufacturer of paper and paper products. It is engaged in the manufacture and sale of packaging paper, corrugated board containers and packaging for consumer goods, in the collection and recycling of paper and plastic waste and in the marketing of office supplies, mainly to the institutional and business sector. It also holds interests in associated companies that deal in the manufacture and marketing of printing and writing paper, household paper products, hygiene products, disposable diapers, complementary kitchen products. The main products of the company include various types of writing and printing paper, packaging paper, cardboard, and corrugated fiberboard. In addition, it provides office supplies to businesses and organizations.

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