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Orell Fussli AG (XSWX:OFN) ROC (Joel Greenblatt) % : 42.98% (As of Dec. 2023)


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What is Orell Fussli AG 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. Orell Fussli AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 42.98%.

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

XSWX:OFN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -75.03   Med: 25.4   Max: 32.94
Current: 32.02

During the past 13 years, Orell Fussli AG's highest ROC (Joel Greenblatt) % was 32.94%. The lowest was -75.03%. And the median was 25.40%.

XSWX:OFN's ROC (Joel Greenblatt) % is ranked better than
58.87% of 1065 companies
in the Business Services industry
Industry Median: 20.8 vs XSWX:OFN: 32.02

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


Orell Fussli AG ROC (Joel Greenblatt) % Historical Data

The historical data trend for Orell Fussli AG'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.

Orell Fussli AG ROC (Joel Greenblatt) % Chart

Orell Fussli AG 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 29.72 31.45 25.44 25.35 32.94

Orell Fussli AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 25.88 25.83 24.93 20.09 42.98

Competitive Comparison of Orell Fussli AG's ROC (Joel Greenblatt) %

For the Specialty Business Services subindustry, Orell Fussli AG'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.


Orell Fussli AG's ROC (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Orell Fussli AG's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Orell Fussli AG 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.558 + 27.739 + -1.4210854715202E-14) - (5.967 + 0 + 30.139)
=4.191

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.221 + 25.18 + 2.737) - (9.593 + 0 + 32.749)
=-1.204

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Orell Fussli AG 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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=25.228/( ( (56.7 + max(4.191, 0)) + (56.49 + max(-1.204, 0)) )/ 2 )
=25.228/( ( 60.891 + 56.49 )/ 2 )
=25.228/58.6905
=42.98 %

Note: The EBIT data used here is two times the semi-annual (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.


Orell Fussli AG  (XSWX:OFN) 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.


Orell Fussli AG ROC (Joel Greenblatt) % Related Terms

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Orell Fussli AG (XSWX:OFN) Business Description

Traded in Other Exchanges
Address
Dietzingerstrasse 3, Zurich, CHE, CH-8036
Orell Fussli AG is a diversified industrial and trading group engaged in the core businesses of banknote and security printing, industrial systems used in the individualization of security documents and branded products, bookstore and Rest business area. In its banknote and security printing operations, it produces banknotes, identity documents, and securities, and is noted for applications of printing processes and technologies. The industrial systems business unit manufactures industrial systems for the digital printing and encoding of banknotes, passports and security documents, plastic cards, labels, and packaging. The geographic presence in Switzerland, Germany, Rest of Europe and Africa, North and South America and Asia and Oceania. Majority of its revenue derive from Switzerland.

Orell Fussli AG (XSWX:OFN) Headlines

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