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. Delice Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was 26.67%.
The historical rank and industry rank for Delice Holding's ROC (Joel Greenblatt) % or its related term are showing as below:
XTUN:DH's ROC (Joel Greenblatt) % is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 11.99 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Delice Holding's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Delice Holding ROC (Joel Greenblatt) % Related Terms
Delice Holding ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Delice Holding'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.
XTUN:DH vs KHC, GIS, HRL: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Delice Holding'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.
Delice Holding ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Delice Holding's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Delice Holding's ROC (Joel Greenblatt) % falls into.
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 one times the annual (Dec. 2021) 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 26.67% mean?
Delice Holding (XTUN:DH) has a ROC (Joel Greenblatt) % of 26.67% as of Dec. 2021. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Delice Holding and its competitors.
Is Delice Holding's ROC (Joel Greenblatt) % too high?
Delice Holding's current ROC (Joel Greenblatt) % is 26.67%. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Delice Holding's value of 26.67% is 122.4% above this industry median. Overall, Delice Holding has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Delice Holding's ROC (Joel Greenblatt) % compare to KHC and GIS?
Delice Holding's ROC (Joel Greenblatt) % of 26.67% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROC (Joel Greenblatt) % is 11.99. Delice Holding's value of 26.67% is 122.4% above this benchmark. 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 11.99, based on 1,978 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. Delice Holding's current ROC (Joel Greenblatt) % of 26.67% is 122.4% above the industry median. 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 Delice Holding and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delice Holding's current ROC (Joel Greenblatt) % is 26.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delice Holding stock overvalued right now?
Delice Holding (XTUN:DH) has a current ROC (Joel Greenblatt) % of 26.67%. The current ROC (Joel Greenblatt) % is 26.67% and 122.4% above the Consumer Packaged Goods industry median of 11.99. Delice Holding's overall GF Score™ is 26/100. 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 Delice Holding (XTUN:DH), the current ROC (Joel Greenblatt) % is 26.67% as of Dec. 2021. 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.
Delice Holding SA through its subsidiaries is engaged in manufacturing, packaging and marketing of milk and milk products except yoghurt and drinks. It also processes milk and its derivatives and sells other food products.
26GF Score
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