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Portillos (Portillos) ROC (Joel Greenblatt) % : 8.67% (As of Mar. 2024)


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What is Portillos 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. Portillos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.67%.

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

PTLO' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.44   Med: 15.95   Max: 33.72
Current: 13.2

During the past 5 years, Portillos's highest ROC (Joel Greenblatt) % was 33.72%. The lowest was 12.44%. And the median was 15.95%.

PTLO's ROC (Joel Greenblatt) % is ranked better than
59.77% of 348 companies
in the Restaurants industry
Industry Median: 9.175 vs PTLO: 13.20

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


Portillos ROC (Joel Greenblatt) % Historical Data

The historical data trend for Portillos'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.

Portillos ROC (Joel Greenblatt) % Chart

Portillos Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
29.63 33.72 12.44 15.95 12.57

Portillos Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.58 17.10 14.05 13.58 8.67

Competitive Comparison of Portillos's ROC (Joel Greenblatt) %

For the Restaurants subindustry, Portillos'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.


Portillos's ROC (Joel Greenblatt) % Distribution in the Restaurants Industry

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

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



Portillos 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.183 + 8.733 + 8.565) - (69.656 + 7.18 + -1.4210854715202E-14)
=-45.355

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.447 + 8.51 + 6.246) - (66.409 + 5.193 + -1.4210854715202E-14)
=-42.399

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Portillos for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=42.948/( ( (489.618 + max(-45.355, 0)) + (500.958 + max(-42.399, 0)) )/ 2 )
=42.948/( ( 489.618 + 500.958 )/ 2 )
=42.948/495.288
=8.67 %

Note: The EBIT data used here is four times the quarterly (Mar. 2024) 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.


Portillos  (NAS:PTLO) 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.


Portillos ROC (Joel Greenblatt) % Related Terms

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


Portillos (Portillos) Business Description

Traded in Other Exchanges
N/A
Address
2001 Spring Road, Suite 400, Oak Brook, IL, USA, 60523
Portillos Inc serves the Chicago street food industry through high-energy and multichannel restaurants. It owns and operates fast-casual restaurants in the United States, along with two food production commissaries in Illinois. Its menu includes hot dogs, beef and sausage sandwiches, sandwiches and ribs, salads, burgers, chicken, Barnelli's pasta, sides and soup, and desserts and shakes.
Executives
Derrick Lee Pratt officer: Chief Operating Officer C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Michael Osanloo director, officer: President & CEO C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523
Kelly M Kaiser officer: General Counsel and Secretary 2001 SPRING RD, STE 400, OAK BROOK IL 60523-1903
Cook George Richard Iii officer: Senior VP, Technology C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Jill Francine Waite officer: Chief Human Resources Officer C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Nicholas Anthony Scarpino officer: See Remarks C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Michael K Ellis officer: Chief Development Officer C/O EINSTEIN NOAH RESTAURANT GROUP, INC., 555 ZANG STREET, SUITE 300, LAKEWOOD CO 80228
Paulette R. Dodson director PETSMART, INC, 19601 N 27TH AVE, PHOENIX AZ 85027
Berkshire Fund Viii-a, L.p. director, 10 percent owner C/O EIGHTH BERKSHIRE ASSOCIATES LLC, 200 CLARENDON STREET, BOSTON MA 02116
Eighth Berkshire Associates Llc director, 10 percent owner 200 CLARENDON STREET, BOSTON MA 02116-5009
Joshua Adam Lutzker director C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Michelle Greig Hook officer: CFO & Treasurer C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Sherri Lynn Abruscato officer: See Remarks C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Susan Beth Shelton officer: General Counsel and Secretary C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Berkshire Fund Viii, L.p. director, 10 percent owner C/O EIGHTH BERKSHIRE ASSOCIATES LLC, 200 CLARENDON STREET, BOSTON MA 02116