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Becker Milk Co (TSX:BEK.B) ROC (Joel Greenblatt) % : 391.37% (As of Jan. 2024)


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What is Becker Milk Co 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. Becker Milk Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 391.37%.

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

TSX:BEK.B' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 59.37   Med: 94.67   Max: 1271.98
Current: 152.54

During the past 13 years, Becker Milk Co's highest ROC (Joel Greenblatt) % was 1271.98%. The lowest was 59.37%. And the median was 94.67%.

TSX:BEK.B's ROC (Joel Greenblatt) % is ranked better than
84.27% of 1780 companies
in the Real Estate industry
Industry Median: 10.135 vs TSX:BEK.B: 152.54

Becker Milk Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -9.60% per year.


Becker Milk Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for Becker Milk Co'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.

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Becker Milk Co ROC (Joel Greenblatt) % Chart

Becker Milk Co Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 86.26 94.67 289.50 63.74 59.37

Becker Milk Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 91.60 44.61 133.08 349.86 391.37

Competitive Comparison of Becker Milk Co's ROC (Joel Greenblatt) %

For the Real Estate Services subindustry, Becker Milk Co'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.


Becker Milk Co's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Becker Milk Co's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Becker Milk Co 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: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.087 + 0 + 0.655) - (0.394 + 0 + 0)
=0.348

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.201 + 0 + 0.631) - (0.438 + 0 + 0)
=0.394

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Becker Milk Co for the quarter that ended in Jan. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.452/( ( (0 + max(0.348, 0)) + (0 + max(0.394, 0)) )/ 2 )
=1.452/( ( 0.348 + 0.394 )/ 2 )
=1.452/0.371
=391.37 %

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


Becker Milk Co  (TSX:BEK.B) 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.


Becker Milk Co ROC (Joel Greenblatt) % Related Terms

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Becker Milk Co (TSX:BEK.B) Business Description

Traded in Other Exchanges
N/A
Address
393 Eglinton Avenue East, 2nd Floor, Toronto, ON, CAN, M4P 1M6
Website
Becker Milk Co Ltd engages in the ownership and management of retail commercial properties in Ontario, Canada. The company leases retail stores with a few residential sites.

Becker Milk Co (TSX:BEK.B) Headlines

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