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JTKWY (Just Eat Takeaway.com NV) ROC (Joel Greenblatt) % : -747.69% (As of Dec. 2023)


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What is Just Eat Takeaway.com NV 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. Just Eat Takeaway.com NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -747.69%.

The historical rank and industry rank for Just Eat Takeaway.com NV's ROC (Joel Greenblatt) % or its related term are showing as below:

JTKWY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1300   Med: -709.72   Max: -173.75
Current: -407.93

During the past 12 years, Just Eat Takeaway.com NV's highest ROC (Joel Greenblatt) % was -173.75%. The lowest was -1300.00%. And the median was -709.72%.

JTKWY's ROC (Joel Greenblatt) % is ranked worse than
97.02% of 1109 companies
in the Retail - Cyclical industry
Industry Median: 10.58 vs JTKWY: -407.93

Just Eat Takeaway.com NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.90% per year.


Just Eat Takeaway.com NV ROC (Joel Greenblatt) % Historical Data

The historical data trend for Just Eat Takeaway.com NV'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.

Just Eat Takeaway.com NV ROC (Joel Greenblatt) % Chart

Just Eat Takeaway.com NV 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 -337.79 -177.21 -290.26 -1,026.80 -412.42

Just Eat Takeaway.com NV Semi-Annual Data
Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -250.23 -1,188.30 -770.88 -104.49 -747.69

Competitive Comparison of Just Eat Takeaway.com NV's ROC (Joel Greenblatt) %

For the Internet Retail subindustry, Just Eat Takeaway.com NV'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.


Just Eat Takeaway.com NV's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Just Eat Takeaway.com NV's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Just Eat Takeaway.com NV's ROC (Joel Greenblatt) % falls into.



Just Eat Takeaway.com NV 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(343.445 + 31.419 + 177.682) - (1157.096 + 0 + 47.671)
=-652.221

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(432.933 + 20.72 + 254.089) - (707.743 + 0 + 630.315)
=-630.316

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Just Eat Takeaway.com NV 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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3733.914/( ( (518.96 + max(-652.221, 0)) + (479.826 + max(-630.316, 0)) )/ 2 )
=-3733.914/( ( 518.96 + 479.826 )/ 2 )
=-3733.914/499.393
=-747.69 %

Note: The EBIT data used here is two times the semi-annual (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.


Just Eat Takeaway.com NV  (OTCPK:JTKWY) 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.


Just Eat Takeaway.com NV ROC (Joel Greenblatt) % Related Terms

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Just Eat Takeaway.com NV Business Description

Address
Piet Heinkade 61, Amsterdam, NLD, 1019 GM
Just Eat Takeaway operates an online marketplace that connects restaurants with users in Europe and North America. The company operates mainly as an order-only marketplace, although it also offers last-mile delivery services. The company is the result of the merger of Just Eat and Takeaway.com in early 2020. The company had close to 985 million orders and a gross transaction value of EUR 28.2 billion in fiscal 2022. Excluding the US after the recent acquisition of Grubhub, the company's largest geographical presence by revenue is in the UK, Germany, Canada, and the Netherlands.