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Retail Food Group (ASX:RFG) ROC (Joel Greenblatt) % : 39.64% (As of Dec. 2023)


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What is Retail Food Group 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. Retail Food Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 39.64%.

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

ASX:RFG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -338.32   Med: 47.21   Max: 193.22
Current: -1.27

During the past 13 years, Retail Food Group's highest ROC (Joel Greenblatt) % was 193.22%. The lowest was -338.32%. And the median was 47.21%.

ASX:RFG's ROC (Joel Greenblatt) % is ranked worse than
75.57% of 348 companies
in the Restaurants industry
Industry Median: 9.23 vs ASX:RFG: -1.27

Retail Food Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Retail Food Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for Retail Food Group'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.

Retail Food Group ROC (Joel Greenblatt) % Chart

Retail Food Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -149.94 62.84 31.58 27.41 -24.12

Retail Food Group 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 41.40 -2.49 5.05 -43.57 39.64

Competitive Comparison of Retail Food Group's ROC (Joel Greenblatt) %

For the Restaurants subindustry, Retail Food Group'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.


Retail Food Group's ROC (Joel Greenblatt) % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Retail Food Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Retail Food Group's ROC (Joel Greenblatt) % falls into.



Retail Food Group 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)
=(15.134 + 3.717 + 5.026) - (9.575 + 2.465 + 4.23)
=7.607

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32.98 + 5.622 + 4.024) - (11.709 + 0 + 14.629)
=16.288

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Retail Food Group 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 )
=14.734/( ( (27.51 + max(7.607, 0)) + (22.936 + max(16.288, 0)) )/ 2 )
=14.734/( ( 35.117 + 39.224 )/ 2 )
=14.734/37.1705
=39.64 %

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.


Retail Food Group  (ASX:RFG) 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.


Retail Food Group ROC (Joel Greenblatt) % Related Terms

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Retail Food Group (ASX:RFG) Business Description

Traded in Other Exchanges
Address
35 Robina Town Centre Drive, Level 4, Robina, QLD, AUS, 4226
Retail Food Group Ltd owns, operates, and franchises restaurants primarily located in Australia. Retail Food Group's brands include Donut King, Michel's Patisserie, Brumby's Bakery, Esquires Coffee Houses, Gloria Jean's Coffees, Pizza Capers Gourmet Kitchen, and Crust Gourmet Pizza. The company generates roughly half its revenue from restaurants that it directly operates. Its major source of revenue is from franchise agreements. The Group's primary revenue streams include revenue from the sales of goods, revenue from the sale of franchise agreements, revenue from the sale of distribution rights, operating lease income, and other sources. Its segment is Bakery/Café Division, QSR Division, Coffee Retail Division and Di Bella Coffee. It generates maximum revenue from Coffee Retail Division.

Retail Food Group (ASX:RFG) Headlines