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The Chefs' Warehouse (The Chefs' Warehouse) ROC (Joel Greenblatt) % : 19.58% (As of Dec. 2023)


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What is The Chefs' Warehouse 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. The Chefs' Warehouse's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.58%.

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

CHEF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -27.39   Med: 17.61   Max: 24.59
Current: 13.77

During the past 13 years, The Chefs' Warehouse's highest ROC (Joel Greenblatt) % was 24.59%. The lowest was -27.39%. And the median was 17.61%.

CHEF's ROC (Joel Greenblatt) % is ranked worse than
51.59% of 314 companies
in the Retail - Defensive industry
Industry Median: 14.32 vs CHEF: 13.77

The Chefs' Warehouse's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


The Chefs' Warehouse ROC (Joel Greenblatt) % Historical Data

The historical data trend for The Chefs' Warehouse'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.

The Chefs' Warehouse ROC (Joel Greenblatt) % Chart

The Chefs' Warehouse Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.65 -27.39 2.73 15.65 13.90

The Chefs' Warehouse Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.20 6.98 13.94 13.60 19.58

Competitive Comparison of The Chefs' Warehouse's ROC (Joel Greenblatt) %

For the Food Distribution subindustry, The Chefs' Warehouse'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.


The Chefs' Warehouse's ROC (Joel Greenblatt) % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, The Chefs' Warehouse's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where The Chefs' Warehouse's ROC (Joel Greenblatt) % falls into.



The Chefs' Warehouse 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(316.138 + 312.222 + 60.199) - (284.736 + 0 + 30.747)
=373.076

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(334.015 + 284.528 + 62.522) - (271.275 + 0 + 37.071)
=372.719

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of The Chefs' Warehouse for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=152.62/( ( (386.019 + max(373.076, 0)) + (427.1 + max(372.719, 0)) )/ 2 )
=152.62/( ( 759.095 + 799.819 )/ 2 )
=152.62/779.457
=19.58 %

Note: The EBIT data used here is four times the quarterly (Dec. 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.


The Chefs' Warehouse  (NAS:CHEF) 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.


The Chefs' Warehouse ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of The Chefs' Warehouse's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


The Chefs' Warehouse (The Chefs' Warehouse) Business Description

Traded in Other Exchanges
Address
100 East Ridge Road, Ridgefield, CT, USA, 06877
The Chefs' Warehouse Inc is a specialty food distributor in major metropolitan areas across the United States and Canada. The company's product portfolio is primarily comprised of imported and local specialty food products such as cheese, cooking oils, chocolates, dried food, baking products, meats, and other food products. The Chefs' Warehouse operates via one reporting segment called Food Product Distribution. Operations are concentrated on the east, mid and west coasts of the U.S. The company provides service primarily to restaurants, clubs, hotels, caterers, schools, bakeries, casinos and speciality food stores.
Executives
Tim Mccauley officer: Chief Accounting Officer 100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Joseph M. Cugine director 16859 CAMINETTO COURT, NAPLES, NAPLES FL 34110
Katherine Oliver director 100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Christina Polychroni officer: Chief Human Resources Officer C/O THE CHEFS' WAREHOUSE, 100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Alexandros Aldous officer: General Counsel 100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
James Leddy officer: Chief Financial Officer C/O THE CHEFS' WAREHOUSE INC., 100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Christopher Pappas director, officer: President and CEO 100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Patricia Lecouras officer: Chief Human Resources Officer 100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
John Pappas director, officer: Vice Chairman 100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Aylwin B Lewis director 111 N. CANAL, SUITE 850, CHICAGO IL 60606
Ivy Brown director 17324 E HIDDEN GREEN CT, RIO VERDE AZ 85263
John A Couri director 63 COPPS HILL RD, RIDGEFIELD CT 06877
David E. Schreibman director 1852 N. FREMONT STREET, CHICAGO IL 60614
Christina Carroll director 16529 ADLON ROAD, ENCINO CA 91436
John D Austin officer: Chief Financial Officer