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Bagger Dave's Burger Tavern (Bagger Dave's Burger Tavern) ROC (Joel Greenblatt) % : -19.91% (As of Dec. 2018)


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What is Bagger Dave's Burger Tavern 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. Bagger Dave's Burger Tavern's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was -19.91%.

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

BDVB's ROC (Joel Greenblatt) % is not ranked *
in the Restaurants industry.
Industry Median: 9.6
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Bagger Dave's Burger Tavern ROC (Joel Greenblatt) % Historical Data

The historical data trend for Bagger Dave's Burger Tavern'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.

Bagger Dave's Burger Tavern ROC (Joel Greenblatt) % Chart

Bagger Dave's Burger Tavern Annual Data
Trend Dec15 Dec16 Dec17 Dec18
ROC (Joel Greenblatt) %
-66.88 -49.41 -31.96 -24.62

Bagger Dave's Burger Tavern Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Dec18
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only -20.34 -34.54 -42.44 -34.29 -19.91

Competitive Comparison of Bagger Dave's Burger Tavern's ROC (Joel Greenblatt) %

For the Restaurants subindustry, Bagger Dave's Burger Tavern'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.


Bagger Dave's Burger Tavern's ROC (Joel Greenblatt) % Distribution in the Restaurants Industry

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

* The bar in red indicates where Bagger Dave's Burger Tavern's ROC (Joel Greenblatt) % falls into.



Bagger Dave's Burger Tavern 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: Dec. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.065 + 0.246 + 0.082) - (1.102 + 0.077 + 0.184)
=-0.97

Working Capital(Q: Dec. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.145 + 0.137 + 0.022) - (0.507 + 0.038 + 0.112)
=-0.353

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bagger Dave's Burger Tavern for the quarter that ended in Dec. 2018 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2017  Q: Dec. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.684/( ( (9.344 + max(-0.97, 0)) + (7.57 + max(-0.353, 0)) )/ 2 )
=-1.684/( ( 9.344 + 7.57 )/ 2 )
=-1.684/8.457
=-19.91 %

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


Bagger Dave's Burger Tavern  (OTCPK:BDVB) 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.


Bagger Dave's Burger Tavern ROC (Joel Greenblatt) % Related Terms

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Bagger Dave's Burger Tavern (Bagger Dave's Burger Tavern) Business Description

Traded in Other Exchanges
N/A
Address
405 Main Avenue West, Suite 2D, West Fargo, ND, USA, 58078
Bagger Dave's Burger Tavern Inc is a multi-service ultra-casual restaurant and bar concept. It specializes in locally sourced, fresh prime rib recipe burgers, all-natural lean turkey burgers, hand-cut fries, locally crafted beers on draft, hand-dipped milkshakes, salads, black bean turkey chili, pizza with hot oil and others. The concept differentiates itself from other establishments by the absence of walk-in freezers and microwaves, substantiating fresh food offerings.

Bagger Dave's Burger Tavern (Bagger Dave's Burger Tavern) Headlines

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