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Barry Callebaut AG (XSWX:BARN) ROC (Joel Greenblatt) % : 10.13% (As of Feb. 2024)


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What is Barry Callebaut AG 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. Barry Callebaut AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 10.13%.

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

XSWX:BARN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.3   Med: 17.97   Max: 23.14
Current: 13.3

During the past 13 years, Barry Callebaut AG's highest ROC (Joel Greenblatt) % was 23.14%. The lowest was 13.30%. And the median was 17.97%.

XSWX:BARN's ROC (Joel Greenblatt) % is ranked better than
54.69% of 1885 companies
in the Consumer Packaged Goods industry
Industry Median: 11.04 vs XSWX:BARN: 13.30

Barry Callebaut AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.60% per year.


Barry Callebaut AG ROC (Joel Greenblatt) % Historical Data

The historical data trend for Barry Callebaut AG'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.

Barry Callebaut AG ROC (Joel Greenblatt) % Chart

Barry Callebaut AG Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.14 17.28 19.14 17.72 21.94

Barry Callebaut AG Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 20.95 12.45 21.55 18.56 10.13

Competitive Comparison of Barry Callebaut AG's ROC (Joel Greenblatt) %

For the Confectioners subindustry, Barry Callebaut AG'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.


Barry Callebaut AG's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Barry Callebaut AG's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Barry Callebaut AG 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: Aug. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(532.548 + 2925.732 + 1251.389) - (1569.237 + 0 + 1967.195)
=1173.237

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2088.288 + 4809.647 + 3063.095) - (2232.989 + 0 + 4922.078)
=2805.963

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Barry Callebaut AG for the quarter that ended in Feb. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=382.816/( ( (1771.726 + max(1173.237, 0)) + (1808.365 + max(2805.963, 0)) )/ 2 )
=382.816/( ( 2944.963 + 4614.328 )/ 2 )
=382.816/3779.6455
=10.13 %

Note: The EBIT data used here is two times the semi-annual (Feb. 2024) 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.


Barry Callebaut AG  (XSWX:BARN) 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.


Barry Callebaut AG ROC (Joel Greenblatt) % Related Terms

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Barry Callebaut AG (XSWX:BARN) Business Description

Traded in Other Exchanges
Address
Hardturmstrasse 181, Zurich, CHE, 8005
Barry Callebaut is a significant manufacturer and supplier of cocoa and chocolate ingredients, employing over 13,000 people. Customers include food and beverage makers as well as craftspeople, chocolatiers, pastry chefs, and bakers who utilize chocolate professionally. Barry Callebaut is vertically integrated from raw material (cocoa bean) procurement through chocolate manufacture, while not owning any cocoa farms. The firm produces around 40% of the world's industrial chocolate (open market), and its products are used in approximately 20% of the world's chocolate and cocoa goods. Barry Callebaut's sustainability endeavors are reflected in the fact that the company's Sustainalytics ESG Risk Rating is one of the lowest in its subcategory and first among its peers.

Barry Callebaut AG (XSWX:BARN) Headlines

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