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Neopolitan Pizza and Foods (BOM:544269) ROC (Joel Greenblatt) % : 21.00% (As of Mar. 2024)


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What is Neopolitan Pizza and Foods 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. Neopolitan Pizza and Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.00%.

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

BOM:544269' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.08   Med: 15.39   Max: 21
Current: 21

During the past 3 years, Neopolitan Pizza and Foods's highest ROC (Joel Greenblatt) % was 21.00%. The lowest was 5.08%. And the median was 15.39%.

BOM:544269's ROC (Joel Greenblatt) % is ranked better than
68.18% of 1898 companies
in the Consumer Packaged Goods industry
Industry Median: 12.07 vs BOM:544269: 21.00

Neopolitan Pizza and Foods's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Neopolitan Pizza and Foods ROC (Joel Greenblatt) % Historical Data

The historical data trend for Neopolitan Pizza and Foods'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.

Neopolitan Pizza and Foods ROC (Joel Greenblatt) % Chart

Neopolitan Pizza and Foods Annual Data
Trend Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
5.08 15.39 21.00

Neopolitan Pizza and Foods Semi-Annual Data
Mar22 Mar23 Mar24
ROC (Joel Greenblatt) % 5.08 15.39 21.00

Competitive Comparison of Neopolitan Pizza and Foods's ROC (Joel Greenblatt) %

For the Farm Products subindustry, Neopolitan Pizza and Foods'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.


Neopolitan Pizza and Foods's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Neopolitan Pizza and Foods's ROC (Joel Greenblatt) % falls into.


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Neopolitan Pizza and Foods 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: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(72.008 + 41.741 + 37.457) - (28.591 + 0 + 5.595)
=117.02

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(77.191 + 42.758 + 47.995) - (24.613 + 0 + 32.279)
=111.052

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Neopolitan Pizza and Foods for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=28.533/( ( (23.837 + max(117.02, 0)) + (19.829 + max(111.052, 0)) )/ 2 )
=28.533/( ( 140.857 + 130.881 )/ 2 )
=28.533/135.869
=21.00 %

Note: The EBIT data used here is one times the annual (Mar. 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.


Neopolitan Pizza and Foods  (BOM:544269) 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.


Neopolitan Pizza and Foods ROC (Joel Greenblatt) % Related Terms

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Neopolitan Pizza and Foods Business Description

Traded in Other Exchanges
N/A
Address
Vasna Bhayli Road, 434 & 435, SWC Hub, Opposite Rajpath Complex, Vadodara, GJ, IND, 391410
Neopolitan Pizza and Foods Ltd operates in two segments: the restaurant business and the trading of agricultural commodities. In the restaurant business, the company owns and operates its restaurants and operates through a franchise model. The company offers Neopolitan-style pizza, which is a traditional Italian pizza made with fresh ingredients. The menu includes a variety of toppings, and the company offers gluten-free and vegetarian options. In trading of agricultural commodities, the company trades Cereals, Pulses & Grains & Fruits and Vegetables. It generates the majority of revenue from the Trading of Agricultural Commodities segment.

Neopolitan Pizza and Foods Headlines

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