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EIDP (CTAPA.PFD) ROC (Joel Greenblatt) % : 5.55% (As of Dec. 2024)


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What is EIDP 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. EIDP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 5.55%.

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

CTApA.PFD' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -44.11   Med: 19.14   Max: 46.24
Current: 17.87

During the past 13 years, EIDP's highest ROC (Joel Greenblatt) % was 46.24%. The lowest was -44.11%. And the median was 19.14%.

CTApA.PFD's ROC (Joel Greenblatt) % is not ranked
in the Agriculture industry.
Industry Median: 11.06 vs CTApA.PFD: 17.87

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


EIDP ROC (Joel Greenblatt) % Historical Data

The historical data trend for EIDP'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.

EIDP ROC (Joel Greenblatt) % Chart

EIDP Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.42 46.25 30.42 22.49 26.27

EIDP Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -13.76 27.41 56.69 -20.37 5.55

Competitive Comparison of EIDP's ROC (Joel Greenblatt) %

For the Agricultural Inputs subindustry, EIDP'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.


EIDP's ROC (Joel Greenblatt) % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, EIDP's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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EIDP 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6651 + 5674 + 831) - (6243 + 429 + 0)
=6484

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4448 + 5432 + 820) - (6349 + 3287 + 0)
=1064

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of EIDP for the quarter that ended in Dec. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=440/( ( (4210 + max(6484, 0)) + (4099 + max(1064, 0)) )/ 2 )
=440/( ( 10694 + 5163 )/ 2 )
=440/7928.5
=5.55 %

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


EIDP  (NYSE:CTApA.PFD) 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.


EIDP ROC (Joel Greenblatt) % Related Terms

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


EIDP Business Description

Traded in Other Exchanges
Address
9330 Zionsville Road, Indianapolis, IN, USA, 46268
EIDP Inc provides Agricultural solutions to the farmers. The company operates in two segments: seed and crop protection. The seed segment develops and supplies commercial seed combining superior germplasm with traits to produce high yield potential for farmers, while the crop protection segment supplies products to protect crop yields against weeds, insects, and disease. Some of its products include Corn, Soybean, oilseeds, Fungicides, Herbicides, and Insecticides. Its geographical segments include United States, EMEA(Europe, the Middle East, and Africa), Canada, Latin America, and the Asia Pacific. Nearly half of the revenue comes from United States.
Executives
Rajan Gajaria officer: EVP, Business Platforms C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Fuerer Cornel B officer: SVP, Gen Counsel and Secretary C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Gregory R Page director EATON CENTER, 1111 SUPERIOR AVENUE, CLEVELAND OH 44114
Lois D Juliber director 1007 MARKET ST, WILMINGTON DE 19898
Michael O. Johanns director DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Collins James C. Jr. director, officer: Chief Executive Officer 1007 MARKET STREET, D-9058, WILMINGTON DE 19898
Gregory R Friedman officer: Executive VP, CFO C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Timothy P Glenn officer: EVP, Chief Commercial Officer C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Pat Ward director 500 JACKSON STREET, COLUMBUS IN 47201
Lee M Thomas director 133 PEACHTREE ST NE, 41ST FL, ATLANTA GA 30303
Robert A Brown director 1007 MARKET STREET, D-9000, WILMINGTON DE 19898
Lamberto Andreotti director BRISTOL-MYERS SQUIBB CO, 345 PARK AVENUE, NEW YORK NY 10154
Marcos M Lutz director C/O CORTEVA AGRISCIENCE, CHESTNUT RUN PLAZA, 735, 974 CENTRE RD, WILMINGTON DE 19805
Rebecca B. Liebert director PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Nayaki R Nayyar director C/O VERITONE, INC., 575 ANTON BOULEVARD, SUITE 100, COSTA MESA CA 92626

EIDP Headlines

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