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South Dakota Soybean Processors LLC (South Dakota Soybean Processors LLC) ROC (Joel Greenblatt) % : 33.06% (As of Dec. 2023)


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What is South Dakota Soybean Processors LLC 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. South Dakota Soybean Processors LLC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 33.06%.

The historical rank and industry rank for South Dakota Soybean Processors LLC's ROC (Joel Greenblatt) % or its related term are showing as below:

SDSYA's ROC (Joel Greenblatt) % is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 11.07
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

South Dakota Soybean Processors LLC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


South Dakota Soybean Processors LLC ROC (Joel Greenblatt) % Historical Data

The historical data trend for South Dakota Soybean Processors LLC'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.

South Dakota Soybean Processors LLC ROC (Joel Greenblatt) % Chart

South Dakota Soybean Processors LLC Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
- 21.81 42.27 33.41

South Dakota Soybean Processors LLC Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.28 43.63 18.79 34.35 33.06

Competitive Comparison of South Dakota Soybean Processors LLC's ROC (Joel Greenblatt) %

For the Packaged Foods subindustry, South Dakota Soybean Processors LLC'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.


South Dakota Soybean Processors LLC's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, South Dakota Soybean Processors LLC's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where South Dakota Soybean Processors LLC's ROC (Joel Greenblatt) % falls into.



South Dakota Soybean Processors LLC 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(50.965 + 92.334 + 17.514) - (8.353 + 0.436 + 67.775)
=84.249

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43.549 + 72.046 + 17.299) - (14.183 + 0.738 + 72.179)
=45.794

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of South Dakota Soybean Processors LLC 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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=80.124/( ( (151.522 + max(84.249, 0)) + (203.226 + max(45.794, 0)) )/ 2 )
=80.124/( ( 235.771 + 249.02 )/ 2 )
=80.124/242.3955
=33.06 %

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


South Dakota Soybean Processors LLC  (OTCPK:SDSYA) 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.


South Dakota Soybean Processors LLC ROC (Joel Greenblatt) % Related Terms

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South Dakota Soybean Processors LLC (South Dakota Soybean Processors LLC) Business Description

Traded in Other Exchanges
N/A
Address
100 Caspian Avenue, PO Box 500, Volga, SD, USA, 57071
South Dakota Soybean Processors LLC owns and operates a soybean processing plant and a soybean oil refinery. It is engaged in processing locally grown soybeans into soybean meal and soybean oil. The company offers the soybean meal to resellers, feed mills, and livestock producers as livestock feed. The Company principally generate revenue from merchandising and transporting manufactured agricultural products used as ingredients in food, feed, energy and industrial products. The Company generates most of its revenue by selling soybean meals in USA.

South Dakota Soybean Processors LLC (South Dakota Soybean Processors LLC) Headlines

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