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Yantai North Andre Juice Co (FRA:YNA1) ROC (Joel Greenblatt) % : 10.77% (As of Dec. 2023)


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What is Yantai North Andre Juice Co 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. Yantai North Andre Juice Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.77%.

The historical rank and industry rank for Yantai North Andre Juice Co's ROC (Joel Greenblatt) % or its related term are showing as below:

FRA:YNA1' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.76   Med: 9.88   Max: 16.45
Current: 10.17

During the past 13 years, Yantai North Andre Juice Co's highest ROC (Joel Greenblatt) % was 16.45%. The lowest was 5.76%. And the median was 9.88%.

FRA:YNA1's ROC (Joel Greenblatt) % is ranked worse than
67.57% of 111 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 20.61 vs FRA:YNA1: 10.17

Yantai North Andre Juice Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.10% per year.


Yantai North Andre Juice Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Yantai North Andre Juice Co'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.

Yantai North Andre Juice Co ROC (Joel Greenblatt) % Chart

Yantai North Andre Juice Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.96 10.21 11.82 13.71 16.21

Yantai North Andre Juice Co Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24
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 4.41 - 16.28 10.77 12.23

Competitive Comparison of Yantai North Andre Juice Co's ROC (Joel Greenblatt) %

For the Beverages - Non-Alcoholic subindustry, Yantai North Andre Juice Co'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.


Yantai North Andre Juice Co's ROC (Joel Greenblatt) % Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Yantai North Andre Juice Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Yantai North Andre Juice Co's ROC (Joel Greenblatt) % falls into.



Yantai North Andre Juice Co 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.413 + 56.803 + 28.574) - (13.161 + 0 + 2.04)
=85.589

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.266 + 115.705 + 2.198) - (6.989 + 0 + 2.899)
=125.281

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Yantai North Andre Juice Co for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=21.9/( ( (98.031 + max(85.589, 0)) + (97.63 + max(125.281, 0)) )/ 2 )
=21.9/( ( 183.62 + 222.911 )/ 2 )
=21.9/203.2655
=10.77 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.


Yantai North Andre Juice Co  (FRA:YNA1) 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.


Yantai North Andre Juice Co ROC (Joel Greenblatt) % Related Terms

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Yantai North Andre Juice Co (FRA:YNA1) Business Description

Traded in Other Exchanges
Address
No. 18 Andre Avenue, Muping Economic Development Zone, Shandong Province, Yantai, CHN, 264100
Yantai North Andre Juice Co Ltd is a China-based company, that engages in the manufacture and sales of condensed fruit juice, apple essence, pomace, and related products. Its products include apple juice concentrate, pear juice concentrate, orange and lemon series juices, strawberry concentrate, bio-feedstuff, and other related products. It is also involved in the provision of juice processing services. The company operates its business in China, North America, Asia (excluding China), Europe, Oceania, and Africa. The Company distributes its products in domestic markets and overseas markets, out of which the majority is from the International market.

Yantai North Andre Juice Co (FRA:YNA1) Headlines

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