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Village Super Market (Village Super Market) ROC (Joel Greenblatt) %

: 16.05% (As of Jan. 2024)
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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. Village Super Market's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 16.05%.

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

VLGEB' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.83   Med: 17.36   Max: 22.95
Current: 14.69

During the past 13 years, Village Super Market's highest ROC (Joel Greenblatt) % was 22.95%. The lowest was 5.83%. And the median was 17.36%.

VLGEB's ROC (Joel Greenblatt) % is ranked better than
51.44% of 313 companies
in the Retail - Defensive industry
Industry Median: 14.41 vs VLGEB: 14.69

Village Super Market's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -11.30% per year.


Village Super Market ROC (Joel Greenblatt) % Historical Data

The historical data trend for Village Super Market'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 18.19 [6] => 8.54 [7] => 5.83 [8] => 7.78 [9] => 13.86 )
Village Super Market Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.19 8.54 5.83 7.78 13.86

Village Super Market Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
ROC (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only 13.54 12.44 17.28 13.05 16.05

Competitive Comparison

For the Grocery Stores subindustry, Village Super Market'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.


Village Super Market ROC (Joel Greenblatt) % Distribution

For the Retail - Defensive industry and Consumer Defensive sector, Village Super Market's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Village Super Market 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: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 47.492 + 17.683) - (151.452 + 0 + 0)
=-86.277

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 45.705 + 17.905) - (144.048 + 0 + 0)
=-80.438

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Village Super Market 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: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=88.74/( ( (550.401 + max(-86.277, 0)) + (555.452 + max(-80.438, 0)) )/ 2 )
=88.74/( ( 550.401 + 555.452 )/ 2 )
=88.74/552.9265
=16.05 %

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


Village Super Market  (GREY:VLGEB) 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.


Village Super Market ROC (Joel Greenblatt) % Related Terms

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


Village Super Market (Village Super Market) Business Description

Traded in Other Exchanges
Address
733 Mountain Avenue, Springfield, NJ, USA, 07081
Village Super Market Inc operates a chain of ShopRite supermarkets, a few of which are in northern New Jersey, southern New Jersey, Maryland, and in northeastern Pennsylvania. The company is a member of Wakefern Food Corporation (Wakefern), a retailer-owned food cooperative and owner of the ShopRite name. It consists of one operating segment, the retail sale of food and nonfood products.

Village Super Market (Village Super Market) Headlines