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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. Mitsui DM Sugar Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -15.33%.
The historical rank and industry rank for Mitsui DM Sugar Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2109'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.39 Med: 10.74 Max: 20.03
Current: 8.74
During the past 13 years, Mitsui DM Sugar Co's highest ROC (Joel Greenblatt) % was 20.03%. The lowest was 6.39%. And the median was 10.74%.
TSE:2109's ROC (Joel Greenblatt) % is ranked worse than 59.16% of 1981
companies
in the Consumer Packaged Goods industry
Industry Median: 12.05
vs TSE:2109: 8.74
Mitsui DM Sugar Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 6.00% per year.
Mitsui DM Sugar Co (TSE:2109) 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.
Mitsui DM Sugar Co ROC (Joel Greenblatt) % Related Terms
Mitsui DM Sugar Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Mitsui DM Sugar Co'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.
TSE:2109 vs MDLZ, HSY, TR: ROC (Joel Greenblatt) % Comparison
For the Confectioners subindustry, Mitsui DM Sugar Co'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.
Mitsui DM Sugar Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Mitsui DM Sugar Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mitsui DM Sugar Co's ROC (Joel Greenblatt) % falls into.
Mitsui DM Sugar Co 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:
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.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) 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.
What does a ROC (Joel Greenblatt) % of -15.33% mean?
Mitsui DM Sugar Co (TSE:2109) has a ROC (Joel Greenblatt) % of -15.33% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Mitsui DM Sugar Co and its competitors. Over the past decade, Mitsui DM Sugar Co's ROC (Joel Greenblatt) % has ranged from 6.39 to 20.03. According to the industry distribution chart, Mitsui DM Sugar Co ranks #1172 out of 1981 companies in the Consumer Packaged Goods industry, placing it in the top 59.2%.
Is Mitsui DM Sugar Co's ROC (Joel Greenblatt) % too high?
Mitsui DM Sugar Co's current ROC (Joel Greenblatt) % is -15.33%. Over the past 10 years, this metric has ranged from a low of 6.39 to a high of 20.03. Based on the distribution chart, Mitsui DM Sugar Co ranks #1172 out of 1981 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Mitsui DM Sugar Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitsui DM Sugar Co's ROC (Joel Greenblatt) % compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Mitsui DM Sugar Co ranks #1172 out of 1981 companies for ROC (Joel Greenblatt) %. This places Mitsui DM Sugar Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.05. Historically, Mitsui DM Sugar Co's own ROC (Joel Greenblatt) % has ranged from 6.39 to 20.03 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 12.05, based on 1,981 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Mitsui DM Sugar Co and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 12.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsui DM Sugar Co's current ROC (Joel Greenblatt) % is -15.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsui DM Sugar Co stock overvalued right now?
Based on GuruFocus' analysis, Mitsui DM Sugar Co (TSE:2109) is currently considered Fairly Valued. The stock's GF Value™ is 円3,461.80, compared to a current price of 円3,510.00 — trading 1.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is -15.33%. Mitsui DM Sugar Co's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Mitsui DM Sugar Co (TSE:2109), the current ROC (Joel Greenblatt) % is -15.33% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mitsui DM Sugar Co (TSE:2109) Overvalued in 2026?
Based on GuruFocus' analysis, Mitsui DM Sugar Co stock appears to be overvalued.
The current stock price of 円3,510.00 is trading 1.4% above its estimated GF Value™ of 円3,461.80.
GuruFocus considers Mitsui DM Sugar Co to be Fairly Valued.
Key valuation signals for TSE:2109:
ROC (Joel Greenblatt) %: -15.33%
GF Value™: 円3,461.80 vs. price of 円3,510.00 (1.4% above fair value)
No single metric tells the full story. See the TSE:2109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitsui DM Sugar Co Ltd is in the business of manufacturing and selling raw sugar and its products, food science, and real estate. The company manufactures and promotes its products under the brand name of Spoon brand. Its products include home use products, business use products, tabletop products, alternative sweeteners.
71GF Score
Get the complete analysis for TSE:2109
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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