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Fresh Market (Fresh Market) ROC (Joel Greenblatt) % : 37.03% (As of Jan. 2016)


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What is Fresh Market 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. Fresh Market's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2016 was 37.03%.

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

TFM's ROC (Joel Greenblatt) % is not ranked *
in the Retail - Defensive industry.
Industry Median: 13.95
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Fresh Market ROC (Joel Greenblatt) % Historical Data

The historical data trend for Fresh Market'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.

Fresh Market ROC (Joel Greenblatt) % Chart

Fresh Market Annual Data
Trend Dec08 Dec09 Dec10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 35.88 37.13 25.14 27.07 26.95

Fresh Market Quarterly Data
Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16
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 33.25 25.62 28.59 16.34 37.03

Competitive Comparison of Fresh Market's ROC (Joel Greenblatt) %

For the Grocery Stores subindustry, Fresh Market'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.


Fresh Market's ROC (Joel Greenblatt) % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Fresh Market's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Fresh Market 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: Oct. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.936 + 68.398 + 12.965) - (127.158 + 0 + 0)
=-37.859

Working Capital(Q: Jan. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.015 + 65.166 + 10.73) - (132.052 + 0 + 0)
=-46.141

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Fresh Market for the quarter that ended in Jan. 2016 can be restated as:

ROC (Joel Greenblatt) %(Q: Jan. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2015  Q: Jan. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=152.704/( ( (411.72 + max(-37.859, 0)) + (413.069 + max(-46.141, 0)) )/ 2 )
=152.704/( ( 411.72 + 413.069 )/ 2 )
=152.704/412.3945
=37.03 %

Note: The EBIT data used here is four times the quarterly (Jan. 2016) 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.


Fresh Market  (NAS:TFM) 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.


Fresh Market ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Fresh Market's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Fresh Market (Fresh Market) Business Description

Traded in Other Exchanges
N/A
Address
Fresh Market, Inc., is a Delaware corporation and it was founded in 1982. The Company is a specialty retailer focused on creating an extraordinary food shopping experience for its customers. It provides high-quality food products, with an emphasis on fresh, premium perishables and an uncompromising commitment to customer service. As of January 26, 2014, the Company operates 151 stores in 26 states. It offers fresh, carefully selected, high-quality food products focused on perishable categories. Examples of its offerings include hand-trimmed steaks that are aged for tenderness, fresh seafood delivered up to six times per week, hand-stacked produce that is colorfully displayed and French-style baguettes baked in-store each morning. The Company's stores average approximately 21,000 square feet, compared to the approximately 40,000 to 60,000 square foot stores operated by many conventional supermarkets. The Company's distribution strategy is to capitalize on the capabilities of best-in-class third-party logistics providers and, as such, it does not own warehouses, distribution facilities or transportation equipment. The Company outsources substantially all of its logistics functions to third-party distributors and vendors. Its trademarks, including its registered The Fresh Market, Experience the Food and TFM trademarks are valuable assets that reinforce its customers' favorable perception of its stores. The Company's competition varies and includes national conventional supermarkets such as Kroger and Safeway, regional supermarkets such as Harris Teeter and Publix, national superstores such as Wal-Mart and Target, alternative food retailers such as Whole Foods and Trader Joe's, and local supermarkets, natural foods stores, smaller specialty stores and farmers' markets. The Company's stores are subject to various local, state, federal and international laws, regulations and administrative practices affecting its business.
Executives
Jane J. Thompson director 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
Pamela K Kohn officer: EVP-Chief Merchandising Ofcr. 3001 COLORADO BLVD, DENTON TX 76210
Jeffrey G Naylor director
Bob Sasser director P.O. BOX 2500, NORFOLK VA 23501-2500
Michael Dennis Casey director 1170 PEACHTREE STREE NE STE 900, ATLANTA GA 30309
Robert K Shearer director 400 NORTH ELM STREET, GREENSBORO NC 27403
Michael D Tucci director COACH, 516 W 34TH STREET, NEW YORK NY 10001
Richard A Noll director 1000 EAST HANES MILL ROAD, C/O HANESBRANDS INC., WINSTON SALEM NC 27105
Scott F. Duggan officer: SVP General Counsel C/O THE FRESH MARKET, INC., 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
Matt T Argano officer: SVP - Human Resources LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Steven B Tanger director
Jeffrey C Ackerman officer: EVP-CFO 7201 WEST FRIENDLY AVENUE, GREENSBORO NC 27410
David L Rea director
Craig Carlock director, officer: President/CEO C/O THE FRESH MARKET, INC., 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
Lisa Klinger other: Former officer C/O THE FRESH MARKET, INC., 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408

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