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Bergs Timber AB (LTS:0H2W) ROC (Joel Greenblatt) % : 1.46% (As of Sep. 2023)


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What is Bergs Timber AB 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. Bergs Timber AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 1.46%.

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

LTS:0H2W' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.92   Med: 5.94   Max: 33.31
Current: -2.02

During the past 13 years, Bergs Timber AB's highest ROC (Joel Greenblatt) % was 33.31%. The lowest was -6.92%. And the median was 5.94%.

LTS:0H2W's ROC (Joel Greenblatt) % is not ranked
in the Forest Products industry.
Industry Median: 5.96 vs LTS:0H2W: -2.02

Bergs Timber AB's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 21.50% per year.


Bergs Timber AB ROC (Joel Greenblatt) % Historical Data

The historical data trend for Bergs Timber AB'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.

Bergs Timber AB ROC (Joel Greenblatt) % Chart

Bergs Timber AB Annual Data
Trend Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.72 4.26 9.30 34.49 17.54

Bergs Timber AB Quarterly Data
Aug18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 6.63 1.62 -3.57 -7.43 1.46

Competitive Comparison of Bergs Timber AB's ROC (Joel Greenblatt) %

For the Lumber & Wood Production subindustry, Bergs Timber AB'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.


Bergs Timber AB's ROC (Joel Greenblatt) % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Bergs Timber AB's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Bergs Timber AB 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)
=(459 + 626 + 47) - (0 + 0 + 464)
=668

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(379 + 522 + 44) - (0 + 0 + 456)
=489

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bergs Timber AB for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=24/( ( (1073 + max(668, 0)) + (1047 + max(489, 0)) )/ 2 )
=24/( ( 1741 + 1536 )/ 2 )
=24/1638.5
=1.46 %

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


Bergs Timber AB  (LTS:0H2W) 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.


Bergs Timber AB ROC (Joel Greenblatt) % Related Terms

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Bergs Timber AB (LTS:0H2W) Business Description

Traded in Other Exchanges
N/A
Address
Vastra Tradgardsgatan 15, Stockholm, SWE, 111 53
Bergs Timber AB is engaged in the production and sale of sawn and processed timber products. The company manufactures gardening products, windows, doors, and prefabricated houses, and a facility for rot-proofing wood in Sweden. The company operates in three business segments: Wood Protection, Joinery, and Sawn Wood. Wood Protection conducts operations in wood preservatives. The Joinery product area manufactures processed products from wood such as houses, windows, and doors as well as a broad range of garden products such as fencing, windbreaks, benches, tables, and swimming pool sets. The Sawn Wood product area produces sawn products from two subsidiaries: Vika Wood in Latvia and Laest in Estonia.

Bergs Timber AB (LTS:0H2W) Headlines

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