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KonaRed (KonaRed) ROC (Joel Greenblatt) % : -521,422.22% (As of Dec. 2017)


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What is KonaRed 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. KonaRed's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was -521,422.22%.

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

KRED's ROC (Joel Greenblatt) % is not ranked *
in the Beverages - Non-Alcoholic industry.
Industry Median: 20.62
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


KonaRed ROC (Joel Greenblatt) % Historical Data

The historical data trend for KonaRed'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.

KonaRed ROC (Joel Greenblatt) % Chart

KonaRed Annual Data
Trend May11 May12 May13 Dec14 Dec15 Dec16 Dec17
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial - -760.66 -816.82 -1,970.89 -42,652.31

KonaRed Quarterly Data
Feb13 May13 Aug13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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 -10,250.00 -9,185.19 -4,264.25 -2,681.41 -521,422.22

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

For the Beverages - Non-Alcoholic subindustry, KonaRed'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.


KonaRed's ROC (Joel Greenblatt) % Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, KonaRed's ROC (Joel Greenblatt) % distribution charts can be found below:

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



KonaRed 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. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.243 + 0.498 + 0) - (0.585 + 0.163 + -2.2204460492503E-16)
=-0.0069999999999998

Working Capital(Q: Dec. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.231 + 0.424 + 0) - (0.572 + 0.153 + 9.017)
=-9.087

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of KonaRed for the quarter that ended in Dec. 2017 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2017  Q: Dec. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-46.928/( ( (0.006 + max(-0.0069999999999998, 0)) + (0.012 + max(-9.087, 0)) )/ 2 )
=-46.928/( ( 0.006 + 0.012 )/ 2 )
=-46.928/0.009
=-521,422.22 %

Note: The EBIT data used here is four times the quarterly (Dec. 2017) 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.


KonaRed  (OTCPK:KRED) 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.


KonaRed ROC (Joel Greenblatt) % Related Terms

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KonaRed (KonaRed) Business Description

Traded in Other Exchanges
N/A
Address
2042 Corte Del Nogal, Suite 200, Carlsbad, CA, USA, 92011
KonaRed Corp is engaged in the business of distributing, marketing and selling of retail sale the food and beverage products based on the fruit of the coffee plant. Its products are coffee fruit wellness drink and KonaRed Antioxidant Juice. The company produces Ready to Drink 12oz Cold Brew Coffee varieties, Bag in the Box, Key Kegs, a complete line of whole bean and ground Kona Coffee Beans including RTD Antioxidant Juices and Hawaiian Coffee Fruit nutritional supplements. It also has an industrial ingredient supply division. Its products are sold throughout the US and can be found in select Vons, Albertsons, Publix, Pavilions, Costco, Ralphs, Fred Meyer, King Soopers, Smiths, Kroger, Safeway, Vitamin Shoppe, Target, Whole Foods, 7-Eleven, and many other retail outlets.

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