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Wilmar International (Wilmar International) ROC (Joel Greenblatt) % : 13.06% (As of Dec. 2023)


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What is Wilmar International 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. Wilmar International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.06%.

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

WLMIY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.98   Med: 11.28   Max: 12.64
Current: 10.6

During the past 13 years, Wilmar International's highest ROC (Joel Greenblatt) % was 12.64%. The lowest was 8.98%. And the median was 11.28%.

WLMIY's ROC (Joel Greenblatt) % is ranked worse than
50.77% of 1885 companies
in the Consumer Packaged Goods industry
Industry Median: 11.07 vs WLMIY: 10.60

Wilmar International's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.50% per year.


Wilmar International ROC (Joel Greenblatt) % Historical Data

The historical data trend for Wilmar International'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.

Wilmar International ROC (Joel Greenblatt) % Chart

Wilmar International 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 12.38 12.60 11.82 12.69 10.23

Wilmar International Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 12.72 12.71 12.91 8.67 13.06

Competitive Comparison of Wilmar International's ROC (Joel Greenblatt) %

For the Packaged Foods subindustry, Wilmar International'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.


Wilmar International's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wilmar International's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Wilmar International 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5446.679 + 10496.208 + 3069.2) - (2225.511 + 0 + 3671.799)
=13114.777

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6384.49 + 11847.201 + 4870.016) - (3801.2 + 0 + 3545.665)
=15754.842

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Wilmar International 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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3887.948/( ( (14908.826 + max(13114.777, 0)) + (15766.141 + max(15754.842, 0)) )/ 2 )
=3887.948/( ( 28023.603 + 31520.983 )/ 2 )
=3887.948/29772.293
=13.06 %

Note: The EBIT data used here is two times the semi-annual (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.


Wilmar International  (OTCPK:WLMIY) 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.


Wilmar International ROC (Joel Greenblatt) % Related Terms

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Wilmar International (Wilmar International) Business Description

Traded in Other Exchanges
Address
28 Biopolis Road, Wilmar International, Singapore, SGP, 138568
Wilmar International Ltd is a processor of palm and lauric oils and a producer of consumer pack edible oils. Its operating segment includes Food Products; Feed and Industrial Products; Plantation and Sugar Milling and others. The company generates maximum revenue from the Feed and Industrial Products segment. Its Feed and Industrial Products segment comprises the processing, merchandising, and distribution of products, which includes animal feeds, non-edible palm and lauric products, agricultural commodities, oleochemicals, gas oil, and biodiesel. Geographically, it derives a majority of revenue from the People's Republic of China.

Wilmar International (Wilmar International) Headlines

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