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Papa Murphy′s Holdings (Papa Murphy′s Holdings) ROC (Joel Greenblatt) % : 338.48% (As of Mar. 2019)


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What is Papa Murphy′s Holdings 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. Papa Murphy′s Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2019 was 338.48%.

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

FRSH's ROC (Joel Greenblatt) % is not ranked *
in the Restaurants industry.
Industry Median: 9.25
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Papa Murphy′s Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Papa Murphy′s Holdings'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.

Papa Murphy′s Holdings ROC (Joel Greenblatt) % Chart

Papa Murphy′s Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 141.20 92.17 39.17 17.19 176.91

Papa Murphy′s Holdings Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 155.46 134.60 197.86 332.78 338.48

Competitive Comparison of Papa Murphy′s Holdings's ROC (Joel Greenblatt) %

For the Restaurants subindustry, Papa Murphy′s Holdings'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.


Papa Murphy′s Holdings's ROC (Joel Greenblatt) % Distribution in the Restaurants Industry

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

* The bar in red indicates where Papa Murphy′s Holdings's ROC (Joel Greenblatt) % falls into.



Papa Murphy′s Holdings 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: Dec. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.564 + 0.549 + 2.112) - (11.354 + 1.715 + 8.318)
=-15.162

Working Capital(Q: Mar. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.79 + 0.547 + 2.443) - (9.217 + 1.602 + 6.468)
=-11.507

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Papa Murphy′s Holdings for the quarter that ended in Mar. 2019 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2018  Q: Mar. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=15.692/( ( (4.866 + max(-15.162, 0)) + (4.406 + max(-11.507, 0)) )/ 2 )
=15.692/( ( 4.866 + 4.406 )/ 2 )
=15.692/4.636
=338.48 %

Note: The EBIT data used here is four times the quarterly (Mar. 2019) 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.


Papa Murphy′s Holdings  (NAS:FRSH) 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.


Papa Murphy′s Holdings ROC (Joel Greenblatt) % Related Terms

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Papa Murphy′s Holdings (Papa Murphy′s Holdings) Business Description

Traded in Other Exchanges
N/A
Address
8000 North East Parkway Drive, Suite 350, Vancouver, WA, USA, 98662
Papa Murphy's Holdings Inc is a quick-service pizza restaurant. It primarily franchises its stores, but company-owned stores still generate more than half of the company's total revenue. Papa Murphy's has a Take 'N' Bake model, where customers create and pick up raw pizzas in the restaurants and then bake them at home. The Take 'N' Bake model requires less capital investment and lower operating costs, since stores do not require ovens, dining areas, or serving staff. Nearly all locations are in the United States, but the company has international exposure in Canada and the Middle East.
Executives
L David Mounts director 3910 WHITE HAWK LN, WINSTON-SALEM NC 27106
Jean Birch director 3050 SOFT HORIZON WAY, LAS VEGAS NV 89135
Alexander C Matina director C/O MFP INVESTORS, LLC, 667 MADISON AVE, 25TH FL, NEW YORK NY 10065
Michael F Price 10 percent owner C/O MFP INVESTORS LLC, 909 THIRD AVE, 33RD FLOOR, NEW YORK NY 10022
Mfp Partners Lp 10 percent owner 909 THIRD AVENUE, 33RD FLOOR, New York NY 10022
Mfp Investors Llc 10 percent owner 909 THIRD AVE, 33RD FLOOR, NEW YORK NY 10022
Noah A. Elbogen director 7755 CENTER AVENUE, SUITE 300, HUNTINGTON BEACH CA 92647
Katherine Lee Scherping director 6312 SOUTH FIDDLERS GREEN CIRCLE, SUITE 200 NORTH, GREENWOOD VILLAGE CO 80111
Jeffrey B Welch director 111 N. CANAL, SUITE 850, CHICAGO IL 60606
Brandon Solano officer: Chief Marketing Officer 3551 PLANO PARKWAY, THE COLONY TX 75056
Thomas H Lee director, 10 percent owner C/O THOMAS H. LEE CAPITAL LLC, 767 FIFTH AVENUE, 6TH FLOOR, NEW YORK NY 10153
John Barr director, officer: Chairman 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954