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Jamba (JMBA) ROC (Joel Greenblatt) % : -8.27% (As of Jun. 2018)


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What is Jamba 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. Jamba's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2018 was -8.27%.

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

JMBA's ROC (Joel Greenblatt) % is not ranked *
in the Restaurants industry.
Industry Median: 9.275
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Jamba ROC (Joel Greenblatt) % Historical Data

The historical data trend for Jamba'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.

Jamba ROC (Joel Greenblatt) % Chart

Jamba Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.16 -14.04 61.87 -155.93 -26.35

Jamba Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 61.60 -13.04 -55.00 4.65 -8.27

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

For the Restaurants subindustry, Jamba'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.


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

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

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



Jamba 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: Mar. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.704 + 0.439 + 3.813) - (22.16 + 0 + 11.627)
=-20.831

Working Capital(Q: Jun. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.965 + 0.468 + 4.192) - (20.701 + 0 + 13.889)
=-20.965

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Jamba for the quarter that ended in Jun. 2018 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2018  Q: Jun. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.828/( ( (10.238 + max(-20.831, 0)) + (9.778 + max(-20.965, 0)) )/ 2 )
=-0.828/( ( 10.238 + 9.778 )/ 2 )
=-0.828/10.008
=-8.27 %

Note: The EBIT data used here is four times the quarterly (Jun. 2018) 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.


Jamba  (NAS:JMBA) 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.


Jamba ROC (Joel Greenblatt) % Related Terms

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Jamba (JMBA) Business Description

Traded in Other Exchanges
N/A
Address
Jamba Inc is a restaurant retailer that specializes in smoothies, juice blends, and other beverages. It also has a menu of food items. While the majority of locations are free-standing, a number are within other businesses or institutional settings, such as universities, supermarkets, transportation centers, entertainment venues, and shopping malls. The company franchises more than 90% of its locations, which operate under the names Jamba Juice, JambaGO, and Jamba Juice Express. More than 90% of the company's stores are in the United States, and almost half of all United States stores are in California.
Executives
David Pace director, officer: Chief Executive Officer
James C Pappas director 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Marie Perry officer: EVP, CFO, CAO, Secretary 26745 MALIBU HILLS RD, CALABASAS CA 91301
Engaged Capital Flagship Fund, Ltd. other: See Footnote 1 610 NEWPORT CENTER DRIVE, SUITE 250, NEWPORT BEACH CA 92660
Glenn W. Welling director, other: See Footnote 1 610 NEWPORT CENTER DRIVE, SUITE 950, NEWPORT BEACH CA 92660
Engaged Capital Holdings, Llc other: See Footnote 1 610 NEWPORT CENTER DRIVE, SUITE 950, NEWPORT BEACH CA 92660
Engaged Capital Flagship Master Fund, Lp other: See Footnote 1 CRICKET SQUARE, HUTCHINS DRIVE, P.O. BOX 2681, GRAND CAYMAN E9 KY1-1111
Engaged Capital Flagship Fund, L.p. other: See Footnote 1 610 NEWPORT CENTER DRIVE, SUITE 250, NEWPORT BEACH CA 90272
Engaged Capital Llc other: See Footnote 1 610 NEWPORT CENTER DRIVE, SUITE 950, NEWPORT BEACH CA 92660
Andrew R Heyer director 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
Richard L Federico director
Engaged Capital Master Feeder I, Lp other: See Footnote 1 and 6 CRICKET SQUARE, HUTCHINS DRIVE, P.O. BOX 2681, GRAND CAYMAN E9 KY1-1111
Engaged Capital I Offshore Ltd other: See Footnote 1 and 6 610 NEWPORT CENTER DRIVE, SUITE 250, NEWPORT BEACH CA 92660
Engaged Capital I Lp other: See Footnote 1 and 6 610 NEWPORT CENTER DRIVE, SUITE 250, NEWPORT BEACH CA 90272
James D White director, officer: President and CEO C/O CAVA GROUP, INC., 202-400-2920 14 RIDGE SQUARE NW, SUITE 5, WASHINGTON DC 20016

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