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Rasoya Proteins (LUX:172092) ROC (Joel Greenblatt) % : -1.49% (As of Dec. 2017)


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What is Rasoya Proteins 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. Rasoya Proteins's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2017 was -1.49%.

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

LUX:172092' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -128.8   Med: 12.13   Max: 26.52
Current: -21.83

During the past 11 years, Rasoya Proteins's highest ROC (Joel Greenblatt) % was 26.52%. The lowest was -128.80%. And the median was 12.13%.

LUX:172092's ROC (Joel Greenblatt) % is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 11.5 vs LUX:172092: -21.83

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


Rasoya Proteins ROC (Joel Greenblatt) % Historical Data

The historical data trend for Rasoya Proteins'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.

Rasoya Proteins ROC (Joel Greenblatt) % Chart

Rasoya Proteins Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.96 14.56 -0.29 -122.76 -9.87

Rasoya Proteins Quarterly Data
Mar13 Jun13 Sep13 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 -4.05 -36.22 -7.88 -7.54 -1.49

Competitive Comparison of Rasoya Proteins's ROC (Joel Greenblatt) %

For the Packaged Foods subindustry, Rasoya Proteins'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.


Rasoya Proteins's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

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

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



Rasoya Proteins 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)
=(0.822 + 0.213 + 0.098) - (0.017 + 0 + 0.823)
=0.293

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

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Rasoya Proteins 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 )
=-0.384/( ( (25.535 + max(0.293, 0)) + (0 + max(0, 0)) )/ 1 )
=-0.384/( ( 25.828 + 0 )/ 1 )
=-0.384/25.828
=-1.49 %

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.


Rasoya Proteins  (LUX:172092) 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.


Rasoya Proteins ROC (Joel Greenblatt) % Related Terms

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Rasoya Proteins (LUX:172092) Business Description

Traded in Other Exchanges
N/A
Address
Rasoya House, Plot no. 20/21, Kheta Layout, Sita Nagar, Near New Sneh Nagar, Nagpur, Maharashtra, IND, 440015
Rasoya Proteins Ltd is engaged in the business of soya seed solvent extraction and has two oil refinery units. The company also has a power generation plant which provides captive power and electricity to the solvent unit of the company. The main products of the company are De-oiled cake, crude oil, refined edible soya oil and various other consumer products. The company operates through subsidiaries in the United Arab Emirates and Hong Kong.

Rasoya Proteins (LUX:172092) Headlines

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