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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. Whole Earth Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 12.97%.
The historical rank and industry rank for Whole Earth Brands's ROC (Joel Greenblatt) % or its related term are showing as below:
FREEW'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.39 Med: 6.37 Max: 19.29
Current: 6.93
During the past 6 years, Whole Earth Brands's highest ROC (Joel Greenblatt) % was 19.29%. The lowest was -8.39%. And the median was 6.37%.
FREEW's ROC (Joel Greenblatt) % is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 12.03
vs FREEW: 6.93
Whole Earth Brands's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Whole Earth Brands ROC (Joel Greenblatt) % Related Terms
Whole Earth Brands ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Whole Earth Brands'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.
FREEW vs MAMA, LWAY, FTLF: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Whole Earth Brands'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.
Whole Earth Brands ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Whole Earth Brands's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Whole Earth Brands's ROC (Joel Greenblatt) % falls into.
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:
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.
Note:
The EBIT data used here is four times the quarterly (Jun. 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.
What does a ROC (Joel Greenblatt) % of 12.97% mean?
Whole Earth Brands (FREEW) has a ROC (Joel Greenblatt) % of 12.97% as of Jun. 2024. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Whole Earth Brands and its competitors. This is 104% above median its historical median of 6.37.
Is Whole Earth Brands' ROC (Joel Greenblatt) % too high?
Whole Earth Brands' current ROC (Joel Greenblatt) % of 12.97% is 104% above median its 10-year median of 6.37. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 12.03. Whole Earth Brands' value of 12.97% is 7.8% above this industry median. Overall, Whole Earth Brands has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Whole Earth Brands' ROC (Joel Greenblatt) % compare to MAMA and LWAY?
Whole Earth Brands' ROC (Joel Greenblatt) % of 12.97% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROC (Joel Greenblatt) % is 12.03. Whole Earth Brands' value of 12.97% is 7.8% above this benchmark. While the company's 10-year median is 6.37 vs. the industry median of 12.03, Whole Earth Brands has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 12.03, based on 1,994 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Whole Earth Brands's current ROC (Joel Greenblatt) % of 12.97% is 7.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Whole Earth Brands and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 12.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Whole Earth Brands's current ROC (Joel Greenblatt) % is 12.97%, which is 104% above median its own 10-year median of 6.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Whole Earth Brands stock overvalued right now?
Whole Earth Brands (FREEW) has a current ROC (Joel Greenblatt) % of 12.97%. The current ROC (Joel Greenblatt) % is 12.97%, which is 104% above median its 10-year median of 6.37 and 7.8% above the Consumer Packaged Goods industry median of 12.03. Whole Earth Brands' overall GF Score™ is 12/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Whole Earth Brands (FREEW), the current ROC (Joel Greenblatt) % is 12.97% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Whole Earth Brands Inc is a food company that provides access to high-quality, plant-based sweeteners, flavor enhancers and other foods through diverse portfolio of brands and products. The company operates in two segments namely, Branded CPG and Flavors & Ingredients. Its portfolio consists of three main product groups: sweeteners, adjacencies, and ingredients. Majority of the revenue is generated from the Branded CPG segment which provides a variety of sweetener formulations under brands such as Whole Earth, Pure Via, Wholesome, Swerve, Canderel, and Equal. Geographically, the company derives key revenue from North America and rest from Europe, Latin America, India, Middle East and Africa and other markets.
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