Joh Friedrich Behrens AG (HAM:JFB) ROC %: 2.08% (As of Jun. 2020)

What is Joh Friedrich Behrens AG ROC %?

Joh Friedrich Behrens AG HAM:JFB 10 ROC % is 2.08% as of Jun. 2020. GuruFocus rates HAM:JFB with a GF Score™ of 10/100.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Joh Friedrich Behrens AG's annualized return on capital (ROC %) for the quarter that ended in Jun. 2020 was 2.08%.

As of today (2026-07-08), Joh Friedrich Behrens AG's WACC % is 0.00%. Joh Friedrich Behrens AG's ROC % is 0.00% (calculated using TTM income statement data). Joh Friedrich Behrens AG earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Joh Friedrich Behrens AG (HAM:JFB) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Joh Friedrich Behrens AG's WACC % is 0.00%. Joh Friedrich Behrens AG's ROC % is 0.00% (calculated using TTM income statement data). Joh Friedrich Behrens AG earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Joh Friedrich Behrens AG ROC % Related Terms

Joh Friedrich Behrens AG ROC % Historical Data

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The historical data trend for Joh Friedrich Behrens AG's ROC % 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.

Joh Friedrich Behrens AG ROC % Chart

Joh Friedrich Behrens AG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROC %

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6.64

6.41

2.70

0.60

3.24

Joh Friedrich Behrens AG Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
ROC %	Get a 7-Day Free Trial															3.74	2.21	3.50	2.70	2.08

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Joh Friedrich Behrens AG HAM:JFB

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Joh Friedrich Behrens AG ROC % Calculation

Joh Friedrich Behrens AG's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2019 is calculated as:

	ROC % (A: Dec. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2018 )	+	Invested Capital (A: Dec. 2019 ))	/ count )
=	2.805 * ( 1 - 0% )	/	( (87.434	+	85.488)	/ 2 )
=	2.805	/	86.461
=	3.24 %

where

	Invested Capital		(A: Dec. 2018 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	98.272	-	9.808	-	( 1.03	-	max(0, 30.979	-	54.013	+	1.03	))
=	87.434

	Invested Capital		(A: Dec. 2019 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	107.472	-	16.589	-	( 5.395	-	max(0, 48.051	-	58.507	+	5.395	))
=	85.488

Joh Friedrich Behrens AG's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2020 is calculated as:

	ROC % (Q: Jun. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2019 )	+	Invested Capital (Q: Jun. 2020 ))	/ count )
=	1.78 * ( 1 - 0% )	/	( (85.488	+	85.308)	/ 2 )
=	1.78	/	85.398
=	2.08 %

where

	Invested Capital		(Q: Dec. 2019 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	107.472	-	16.589	-	( 5.395	-	max(0, 48.051	-	58.507	+	5.395	))
=	85.488

	Invested Capital		(Q: Jun. 2020 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	106.183	-	15.715	-	( 5.16	-	max(0, 47.879	-	57.921	+	5.16	))
=	85.308

Note: The Operating Income data used here is two times the semi-annual (Jun. 2020) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of 2.08% mean?

Joh Friedrich Behrens AG (HAM:JFB) has a ROC % of 2.08% as of Jun. 2020. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Joh Friedrich Behrens AG and its competitors.

Is Joh Friedrich Behrens AG's ROC % too high?

Joh Friedrich Behrens AG's current ROC % is 2.08%. The Industrial Products industry median ROC % is 5.19. Joh Friedrich Behrens AG's value of 2.08% is 59.9% below this industry median. Overall, Joh Friedrich Behrens AG has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.

How does Joh Friedrich Behrens AG's ROC % compare to SWK and TTC?

Joh Friedrich Behrens AG's ROC % of 2.08% can be compared against companies in the Industrial Products industry. The industry median ROC % is 5.19. Joh Friedrich Behrens AG's value of 2.08% is 59.9% below 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 % for an Industrial Products company?

The median ROC % among Industrial Products companies is 5.19, based on 3,029 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Joh Friedrich Behrens AG's current ROC % of 2.08% is 59.9% below 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 % mean?

A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Joh Friedrich Behrens AG and its competitors. For the Industrial Products industry, the median ROC % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Joh Friedrich Behrens AG's current ROC % is 2.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Joh Friedrich Behrens AG stock overvalued right now?

Joh Friedrich Behrens AG (HAM:JFB) has a current ROC % of 2.08%. The current ROC % is 2.08% and 59.9% below the Industrial Products industry median of 5.19. Joh Friedrich Behrens AG's overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROC % calculated?

ROC % is calculated from a company's financial statements. For Joh Friedrich Behrens AG (HAM:JFB), the current ROC % is 2.08% as of Jun. 2020. 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.

Joh Friedrich Behrens AG Business Description

Industry Industrials Industrial Products

Comparable Companies SWK HKSE:00669 TSE:3064 TSE:6586 OSTO:SKF B TTC TSE:9962 SNA LECO OSTO:HUSQ A XTER:GIL SZSE:002791 ROLL XSWX:SFSN TKR TPE:2049 KMT SZSE:002444 TSE:6141 TSE:6136

Address Bogenstrasse 43-45, Ahrensburg, DEU, 22926

Website http://www.behrens.ag

Joh Friedrich Behrens AG produces and sells fastening and fixing systems for the wood processing industry. It is engaged in the distribution of compressors, strapping products, frame fasteners, driving tools, and adhesive products.

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