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SCLMF (The Scottishlmon Company) ROC (Joel Greenblatt) % : 15.94% (As of Jun. 2019)


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What is The Scottishlmon Company 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. The Scottishlmon Company's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was 15.94%.

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

SCLMF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.79   Med: 12.47   Max: 37.77
Current: 23.95

During the past 10 years, The Scottishlmon Company's highest ROC (Joel Greenblatt) % was 37.77%. The lowest was -3.79%. And the median was 12.47%.

SCLMF's ROC (Joel Greenblatt) % is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 12.12 vs SCLMF: 23.95

The Scottishlmon Company's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 41.80% per year.


The Scottishlmon Company ROC (Joel Greenblatt) % Historical Data

The historical data trend for The Scottishlmon Company'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.

The Scottishlmon Company ROC (Joel Greenblatt) % Chart

The Scottishlmon Company Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.20 0.89 8.56 24.44 37.15

The Scottishlmon Company Semi-Annual Data
Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19
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 48.47 -0.93 48.75 30.55 15.94

Competitive Comparison of The Scottishlmon Company's ROC (Joel Greenblatt) %

For the Farm Products subindustry, The Scottishlmon Company'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.


The Scottishlmon Company's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

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

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



The Scottishlmon Company 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. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26.015 + 3.948 + 166.565) - (38.768 + 0 + 10.126)
=147.634

Working Capital(Q: Jun. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.564 + 4.678 + 143.041) - (31.844 + 0 + 13.236)
=131.203

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of The Scottishlmon Company for the quarter that ended in Jun. 2019 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2018  Q: Jun. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=33.724/( ( (70.748 + max(147.634, 0)) + (73.626 + max(131.203, 0)) )/ 2 )
=33.724/( ( 218.382 + 204.829 )/ 2 )
=33.724/211.6055
=15.94 %

Note: The EBIT data used here is two times the semi-annual (Jun. 2019) 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.


The Scottishlmon Company  (GREY:SCLMF) 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.


The Scottishlmon Company ROC (Joel Greenblatt) % Related Terms

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The Scottishlmon Company Business Description

Traded in Other Exchanges
N/A
Address
43/45 La Motte Street, Channel Islands, Saint Helier, JEY, JE4 8SD
The Scottish Salmon Company PLC is engaged in the business of production and sale of Scottish salmon along with complementary investments in other value-added Scottish seafood products. It primarily involves in Fish Farming Operations. Geographically, it derives majority revenue from Europe and also has a presence in the UK, North America and Rest of World.

The Scottishlmon Company Headlines

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