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Just Kitchen Holdings (TSXV:JK) ROC (Joel Greenblatt) % : -398.46% (As of Mar. 2023)


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What is Just Kitchen Holdings 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 Kitchen Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -398.46%.

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

TSXV:JK's ROC (Joel Greenblatt) % is not ranked *
in the Restaurants industry.
Industry Median: 9.35
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Just Kitchen Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Just Kitchen Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Just Kitchen Holdings'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 Kitchen Holdings ROC (Joel Greenblatt) % Chart

Just Kitchen Holdings Annual Data
Trend Sep20 Sep21 Sep22
ROC (Joel Greenblatt) %
-120.96 -324.52 -312.61

Just Kitchen Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -360.91 -278.33 -240.15 -189.37 -398.46

Competitive Comparison of Just Kitchen Holdings's ROC (Joel Greenblatt) %

For the Restaurants subindustry, Just Kitchen Holdings'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 Kitchen Holdings's ROC (Joel Greenblatt) % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Just Kitchen Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Just Kitchen Holdings's ROC (Joel Greenblatt) % falls into.



Just Kitchen Holdings 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. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.524 + 0.543 + 1.535) - (2.724 + 0 + 0)
=-0.122

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.426 + 0.344 + 0.314) - (2.552 + 0 + 0)
=-1.468

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Just Kitchen Holdings for the quarter that ended in Mar. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-22.828/( ( (6.033 + max(-0.122, 0)) + (5.425 + max(-1.468, 0)) )/ 2 )
=-22.828/( ( 6.033 + 5.425 )/ 2 )
=-22.828/5.729
=-398.46 %

Note: The EBIT data used here is four times the quarterly (Mar. 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 Kitchen Holdings  (TSXV:JK) 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 Kitchen Holdings ROC (Joel Greenblatt) % Related Terms

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Just Kitchen Holdings (TSXV:JK) Business Description

Traded in Other Exchanges
Address
800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6
Just Kitchen Holdings Corp is a cloud kitchen meal preparation company with operations in Taiwan, Hong Kong, Singapore, Philippines, Malaysia, and Thailand. The Company combines advanced food preparation with underused real estate and leverages online mobile application-based food ordering and delivery companies reaching wider geographies, which includes under-served markets. The company's business model combines strategically located cloud kitchens or virtual kitchens in a hub-and-spoke infrastructure throughout high-density urban areas.

Just Kitchen Holdings (TSXV:JK) Headlines

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