WILC (G. Willi-Food International) ROC % : 14.32% (As of Sep. 2024)

View and export this data going back to 1997. Start your Free Trial

What is G. Willi-Food International ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. G. Willi-Food International's annualized return on capital (ROC %) for the quarter that ended in Sep. 2024 was 14.32%.

As of today (2024-12-14), G. Willi-Food International's WACC % is 10.40%. G. Willi-Food International's ROC % is 9.68% (calculated using TTM income statement data). G. Willi-Food International earns returns that do not match up to its cost of capital. It will destroy value as it grows.

G. Willi-Food International ROC % Historical Data

The historical data trend for G. Willi-Food International'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.

* Premium members only.

G. Willi-Food International ROC % Chart

G. Willi-Food International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

Get a 7-Day Free Trial

18.16

18.55

15.76

12.52

5.19

G. Willi-Food International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROC %	Get a 7-Day Free Trial															0.47	5.98	11.32	6.01	14.32

G. Willi-Food International ROC % Calculation

G. Willi-Food International's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	5.661 * ( 1 - 19.23% )	/	( (85.155	+	91.054)	/ 2 )
=	4.5723897	/	88.1045
=	5.19 %

where

	Invested Capital		(A: Dec. 2022 )
=	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	))
=	169.268	-	9.73	-	( 74.383	-	max(0, 11.859	-	142.776	+	74.383	))
=	85.155

	Invested Capital		(A: Dec. 2023 )
=	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	))
=	166.096	-	8.376	-	( 66.666	-	max(0, 10.622	-	134.134	+	66.666	))
=	91.054

G. Willi-Food International's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	19.56 * ( 1 - 22.22% )	/	( (106.604	+	105.902)	/ 2 )
=	15.213768	/	106.253
=	14.32 %

where

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	179.575	-	17.449	-	( 55.522	-	max(0, 19.167	-	141.721	+	55.522	))
=	106.604

	Invested Capital		(Q: Sep. 2024 )
=	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	))
=	184.522	-	15.83	-	( 62.79	-	max(0, 17.604	-	143.684	+	62.79	))
=	105.902

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

G. Willi-Food International (NAS:WILC) 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, G. Willi-Food International's WACC % is 10.40%. G. Willi-Food International's ROC % is 9.68% (calculated using TTM income statement data). G. Willi-Food International 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.

G. Willi-Food International ROC % Related Terms

Thank you for viewing the detailed overview of G. Willi-Food International's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

G. Willi-Food International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » G. Willi-Food International Ltd (NAS:WILC) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

WILC:Israel

Address

4 Nahal Harif Street, Northern Industrial Zone, Yavne, ISR, 81106

Website

https://www.willi-food.com

G. Willi-Food International Ltd is a company engaged in the development, import, export, marketing, and distribution of a wide variety of over 650 food products worldwide. Its business segment includes import, export, marketing, and distribution of food products. The principal products in the import segment product line include Canned Vegetables and Pickles, Canned Fish, Canned Fruit, Edible Oils, Dairy and Dairy Substitute Products, Dried Fruit, Nuts and Beans, and Other Products. Its brands include Willi-Food, Euro European Dairies, Donna Rozza, Manchow, Gold Frost, Tifeeret, The Chef Dish, Art Coffe, Mr. Chang, Muchi, Euro Butter, Euro Spread, Euro Cheese, Euro Cream, Euro Dessert, Euro Veg, Ha-Bulgaria, Gelato, and Emma.