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Salalah Mills CoOG (MUS:SFMI) ROC (Joel Greenblatt) % : 3.70% (As of Dec. 2022)


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What is Salalah Mills CoOG 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. Salalah Mills CoOG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 3.70%.

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

MUS:SFMI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.7   Med: 13.86   Max: 15.74
Current: 3.7

During the past 13 years, Salalah Mills CoOG's highest ROC (Joel Greenblatt) % was 15.74%. The lowest was 3.70%. And the median was 13.86%.

MUS:SFMI's ROC (Joel Greenblatt) % is ranked worse than
71.08% of 1895 companies
in the Consumer Packaged Goods industry
Industry Median: 11.55 vs MUS:SFMI: 3.70

Salalah Mills CoOG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -24.90% per year.


Salalah Mills CoOG ROC (Joel Greenblatt) % Historical Data

The historical data trend for Salalah Mills CoOG'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.

Salalah Mills CoOG ROC (Joel Greenblatt) % Chart

Salalah Mills CoOG Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec21 Dec22
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.65 12.67 15.74 5.02 3.70

Salalah Mills CoOG Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec21 Dec22
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 14.65 12.67 15.74 5.02 3.70

Competitive Comparison of Salalah Mills CoOG's ROC (Joel Greenblatt) %

For the Farm Products subindustry, Salalah Mills CoOG'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.


Salalah Mills CoOG's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Salalah Mills CoOG's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Salalah Mills CoOG's ROC (Joel Greenblatt) % falls into.



Salalah Mills CoOG 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: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.404 + 34.116 + 4.295) - (1.39 + 0 + 3.546)
=41.879

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Salalah Mills CoOG for the quarter that ended in Dec. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Dec. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.646/( ( (0 + max(0, 0)) + (29.54 + max(41.879, 0)) )/ 1 )
=2.646/( ( 0 + 71.419 )/ 1 )
=2.646/71.419
=3.70 %

Note: The EBIT data used here is one times the annual (Dec. 2022) 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.


Salalah Mills CoOG  (MUS:SFMI) 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.


Salalah Mills CoOG ROC (Joel Greenblatt) % Related Terms

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Salalah Mills CoOG (MUS:SFMI) Business Description

Traded in Other Exchanges
N/A
Address
Al Awqadain, P.O Box 67, Salalah, OMN, 217
Salalah Mills Co SAOG is engaged in milling of wheat and selling wheat flour, bran and feed in Oman, Africa & other Asian countries. It offers various flour products, Arabic bread flour, home baking flour, Semolina, Harees, Jareesh & other atta products.

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