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Bloomin Brands (Bloomin Brands) ROC (Joel Greenblatt) % : 10.71% (As of Dec. 2023)


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What is Bloomin Brands 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. Bloomin Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.71%.

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

BLMN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.03   Med: 11.92   Max: 15.73
Current: 15.7

During the past 13 years, Bloomin Brands's highest ROC (Joel Greenblatt) % was 15.73%. The lowest was -8.03%. And the median was 11.92%.

BLMN's ROC (Joel Greenblatt) % is ranked better than
64.37% of 348 companies
in the Restaurants industry
Industry Median: 9.315 vs BLMN: 15.70

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


Bloomin Brands ROC (Joel Greenblatt) % Historical Data

The historical data trend for Bloomin Brands'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.

Bloomin Brands ROC (Joel Greenblatt) % Chart

Bloomin Brands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.17 -8.03 15.22 10.28 15.73

Bloomin Brands Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 16.79 23.86 17.48 11.10 10.71

Competitive Comparison of Bloomin Brands's ROC (Joel Greenblatt) %

For the Restaurants subindustry, Bloomin Brands'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.


Bloomin Brands's ROC (Joel Greenblatt) % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Bloomin Brands's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Bloomin Brands 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(50.757 + 70.563 + 53.226) - (305.317 + 294.062 + 134.783)
=-559.616

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(102.843 + 75.939 + 53.013) - (307.415 + 381.877 + 137.601)
=-595.098

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bloomin Brands for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=227.396/( ( (2130.093 + max(-559.616, 0)) + (2116.873 + max(-595.098, 0)) )/ 2 )
=227.396/( ( 2130.093 + 2116.873 )/ 2 )
=227.396/2123.483
=10.71 %

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


Bloomin Brands  (NAS:BLMN) 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.


Bloomin Brands ROC (Joel Greenblatt) % Related Terms

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


Bloomin Brands (Bloomin Brands) Business Description

Traded in Other Exchanges
Address
2202 North West Shore Boulevard, Suite 500, Tampa, FL, USA, 33607
Bloomin Brands Inc operates as a casual dining restaurant company. The company's brand includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company owns and operates its restaurants, and the remainder is franchised. It derives revenue mainly from the United States, but the company has a presence in Brazil and South Korea with company-owned Outbacks and Carrabbas. In addition, it also has exposure to several countries, predominantly in Asia, principally through franchising.
Executives
Rohit Lal director 11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Lissette R Gonzalez officer: SVP, Global Supply Chain Offic 2202 N. WEST SHORE BLVD., SUITE 500, TAMAP FL 33607
Brett A Patterson officer: SVP, Pres Outback Steakhouse 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Mark E Graff officer: SVP, Development 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Astrid Isaacs officer: SVP, Chief Technology Officer 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Elizabeth A Smith director, officer: Chairman and CEO 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Gainor John P Jr director 11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Julie T. Kunkel director 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
David J. Deno officer: Executive Vice President & CFO 111 4TH AVENUE NORTH #503, MINNEAPOLIS MN 55402
Suzann Trevisan officer: Chief Human Resources Officer 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Melanie Marein-efron director C/O URBAN OUTFITTERS, INC., 5000 SOUTH BROAD STREET, PHILADELPHIA PA 19112
Philip J Pace officer: SVP, Chief Accounting Officer 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Kelly Lefferts officer: EVP, Chief Legal Officer 2202 N. WEST SHORE BLVD SUITE 500, TAMPA FL 33607
Gregg Scarlett officer: EVP & Pres. Bonefish Grill 2202 NORTH WEST SHORE BOULEVARD, TAMPA FL 33607
Lawrence V Jackson director C/O ASSURANT, INC., 28 LIBERTY ST., 41 F, NEW YORK NY 10005