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JBTM (JBT Marel) ROC (Joel Greenblatt) % : -1.68% (As of Dec. 2024)


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What is JBT Marel 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. JBT Marel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -1.68%.

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

JBTM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 30.97   Med: 45.61   Max: 57.46
Current: 30.97

During the past 13 years, JBT Marel's highest ROC (Joel Greenblatt) % was 57.46%. The lowest was 30.97%. And the median was 45.61%.

JBTM's ROC (Joel Greenblatt) % is ranked better than
78.59% of 2999 companies
in the Industrial Products industry
Industry Median: 12.28 vs JBTM: 30.97

JBT Marel's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.60% per year.


JBT Marel ROC (Joel Greenblatt) % Historical Data

The historical data trend for JBT Marel'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.

JBT Marel ROC (Joel Greenblatt) % Chart

JBT Marel 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 45.58 45.01 40.13 49.44 22.70

JBT Marel 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 89.57 42.83 36.39 58.14 -1.68

Competitive Comparison of JBT Marel's ROC (Joel Greenblatt) %

For the Specialty Industrial Machinery subindustry, JBT Marel'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.


JBT Marel's ROC (Joel Greenblatt) % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JBT Marel's ROC (Joel Greenblatt) % distribution charts can be found below:

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



JBT Marel 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)
=(237.9 + 259 + 77.5) - (189.9 + 159.1 + 124.4)
=101

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(239.7 + 233.1 + 66.7) - (186.3 + 194.1 + -312.845)
=471.945

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of JBT Marel 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 )
=-8.8/( ( (243.3 + max(101, 0)) + (233.7 + max(471.945, 0)) )/ 2 )
=-8.8/( ( 344.3 + 705.645 )/ 2 )
=-8.8/524.9725
=-1.68 %

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.


JBT Marel  (NYSE:JBTM) 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.


JBT Marel ROC (Joel Greenblatt) % Related Terms

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


JBT Marel Business Description

Traded in Other Exchanges
Address
70 West Madison Street, Suite 4400, Chicago, IL, USA, 60602
JBT Marel Corp is a technology solutions provider to segments of the food and beverage industry. It designs, produces, and services products and systems for a broad range of end markets, generating roughly one-half of annual revenue from recurring parts, services, rebuilds, and leasing operations.
Executives
Caroline Maury Devine director ATLANTIC COAST AIRLINES INC, 45200 BUSINESS COURT, DULLES VA 20166
Polly B Kawalek director 1600 ROYAL STREET, JASPER IN 47549
Brian A Deck officer: VP & CFO 70 WEST MADISON SUITE 4400, JOHN BEAN TECHNOLOGIES CORPORATION, CHICAGO IL 60602
Luiz Augusto Rizzolo officer: EVP & President of DF&H 70 WEST MADISON STREET, SUITE 4400, CHICAGO IL 60602
Jack Martin officer: EVP & CSC Officer 70 WEST MADISON STREET, SUITE 4400, CHICAGO IL 60602
Charles L. Harrington director 5875 TRINITY PKWY #300, CENTREVILLE VA 20120
James M Ringler director 2211 H.H. DOW WAY, MIDLAND MI 48674
Carlos Fernandez officer: EVP & President, Liquid Foods 70 WEST MADISON SUITE 4400, CHICAGO IL 60602
James L Marvin officer: VP, Gen Counsel, and Secretary 70 WEST MADISON SUITE 4400, JOHN BEAN TECHNOLOGIES CORPORATION, CHICAGO IL 60602
Robert James Petrie officer: EVP & President, Protein 70 WEST MADISON STREET, SUITE 4400, CHICAGO IL 60602
Shelley Rae Bridarolli officer: EVP, Human Resources 70 WEST MADISON STREET, SUITE 4400, CHICAGO IL 60602
Paul Sternlieb officer: EVP & President, Protein 70 WEST MADISON SUITE 4400, CHICAGO IL 60602
David C Burdakin officer: Vice President 70 WEST MADISON SUITE 4400, CHICAGO IL 60602
Kristina L Paschall officer: EVP, CIO & CDO 70 WEST MADISON SUITE 4400, CHICAGO IL 60602
Matthew J Meister officer: Interim CFO 70 WEST MADISON SUITE 4400, CHICAGO IL 60602