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. Welbilt's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 6.25%.
The historical rank and industry rank for Welbilt's ROC (Joel Greenblatt) % or its related term are showing as below:
WBT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 24.69 Med: 146.54 Max: 188.25
Current: 33.2
During the past 10 years, Welbilt's highest ROC (Joel Greenblatt) % was 188.25%. The lowest was 24.69%. And the median was 146.54%.
Welbilt's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -30.20% per year.
Welbilt ROC (Joel Greenblatt) % Historical Data
The historical data trend for Welbilt'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.
|
Welbilt Annual Data
|
|
Trend |
Dec12 |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
| ROC (Joel Greenblatt) % |
|
|
|
|
|
|
188.25 |
160.61 |
95.63 |
24.69 |
50.22 |
|
Welbilt Quarterly Data
|
|
Jun17 |
Sep17 |
Dec17 |
Mar18 |
Jun18 |
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
| ROC (Joel Greenblatt) % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.31 |
54.41 |
57.30 |
47.95 |
6.25 |
Competitive Comparison
For the Specialty Industrial Machinery subindustry, Welbilt'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.
Welbilt ROC (Joel Greenblatt) % Distribution
For the Industrial Products industry and Industrials sector, Welbilt's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Welbilt's ROC (Joel Greenblatt) % falls into.
Welbilt 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.
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Welbilt for the quarter that ended in Mar. 2022 can be restated as:
Note:
The EBIT data used here is four times the quarterly (Mar. 2022) 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.
Welbilt Business Description
Traded in Other Exchanges
Address
2227 Welbilt Boulevard, New Port Richey, FL, USA, 34655
Welbilt Inc is engaged in the designing, manufacturing and supplying of equipment for the commercial foodservice market which is used by commercial and institutional foodservice operators including full-service restaurants, quick-service restaurant chains, hotels, resorts, cruise ships, caterers, supermarkets, convenience stores, hospitals, schools, and other institutions. The group offers various products such as grills, induction cookers braising pans, steamers, and others under the brand name such as Cleveland, Convotherm, Delfield, Frymaster, and others. The firm's geographical segments include Americas, EMEA, and APAC. It generates a majority of its revenue from the Americas.
Executives
| Agard Martin D. |
officer: EVP Chief Financial Officer |
3000 JOHN DEERE ROAD TOANO VA 23168 |
| Perez Kimberly Ann |
officer: VP, Chief Accounting Officer |
4211 W. BOY SCOUT BLVD. TAMPA FL 33607 |
| Fields Janice L |
director |
800 NORTH LINDBERGH BLVD. ST. LOUIS MO 63167 |
| Egnotovich Cynthia M |
director |
PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: EGNOTOVICH CYNTHIA M a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
| Sheffer Richard James |
officer: VP, IR, Risk Mgmt, Treasurer |
MANITOWOC FOODSERVICE INC. 2227 WELBILT BLVD. NEW PORT RICHEY FL 34655 |
| Palm Jamie E |
officer: VP, Corp Controller, CAO |
2227 WELBILT BLVD NEW PORT RICHEY FL 34655 |
| Caron Richard N. |
officer: EVP Chief Innovation Officer |
MANITOWOC FOODSERVICE INC 2227 WELBILT BLVD NEW PORT RICHEY FL 34655 |
| Gudenkauf Jennifer |
officer: EVP & CHRO |
2227 WELBILT BLVD NEW PORT RICHEY FL 34655 |
| Johnson William |
director, officer: President and CEO |
3005 HIGHLAND PARKWAY SUITE 200 DOWNERS GROVE IL 60515 |
| Chow Joan Kai |
director |
215 W DIEHL ROAD NAPERVILLE IL 60563 |
| Horn Joel H. |
officer: EVP, Gen Counsel and Corp Secy |
2227 WELBILT BOULEVARD NEW PORT RICHEY FL 34655 |
| Davis Thomas Dale |
director |
MANITOWOC FOODSERVICE INC 2227 WELBILT BLVD NEW PORT RICHEY FL 34655 |
| Gamache Brian R |
director |
PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: GAMACHE BRIAN R a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
| Matosevic Josef |
officer: EVP Chief Operating Officer |
1500 WEST UNIVERSITY PARKWAY SARASOTA FL 34243 |
| Langham Andrew |
director |
C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160 |
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