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Traeger (Traeger) ROC (Joel Greenblatt) % : -35.08% (As of Dec. 2023)


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What is Traeger 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. Traeger's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -35.08%.

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

COOK' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -181.68   Med: -26.62   Max: 83.82
Current: -25.82

During the past 5 years, Traeger's highest ROC (Joel Greenblatt) % was 83.82%. The lowest was -181.68%. And the median was -26.62%.

COOK's ROC (Joel Greenblatt) % is ranked worse than
92.87% of 421 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 13.03 vs COOK: -25.82

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


Traeger ROC (Joel Greenblatt) % Historical Data

The historical data trend for Traeger'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.

Traeger ROC (Joel Greenblatt) % Chart

Traeger Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
18.61 83.82 -44.91 -181.68 -26.62

Traeger Quarterly Data
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 -36.70 -4.80 -41.19 -23.72 -35.08

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

For the Furnishings, Fixtures & Appliances subindustry, Traeger'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.


Traeger's ROC (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Traeger's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Traeger 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)
=(50.996 + 101.891 + 35.051) - (60.98 + 0 + 18.266)
=108.692

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(59.938 + 96.175 + 30.346) - (79.286 + 0 + 22.43)
=84.743

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Traeger 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 )
=-61.628/( ( (67.154 + max(108.692, 0)) + (90.779 + max(84.743, 0)) )/ 2 )
=-61.628/( ( 175.846 + 175.522 )/ 2 )
=-61.628/175.684
=-35.08 %

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.


Traeger  (NYSE:COOK) 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.


Traeger ROC (Joel Greenblatt) % Related Terms

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


Traeger (Traeger) Business Description

Traded in Other Exchanges
N/A
Address
1215 E Wilmington Avenue, Suite 200, Salt Lake City, UT, USA, 84106
Traeger Inc designs, sources, sells, and supports wood pellet fueled barbeque grills sold to retailers, distributors, and direct to consumers. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grill accessories including covers, barbeque tools, trays, liners, and merchandise. The company's geographical segments include North America and the Rest of the world, of which majority of revenue is from North America.
Executives
Hardy James H Jr officer: Chief Supply Chain Officer C/O TRAEGER, 1215 E. WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Dominic Blosil officer: Chief Financial Officer C/O TAEGER, 1215 E WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Jeremy Andrus director, officer: Chief Executive Officer C/O TRAEGER, 1215 E. WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Steven Philip Richman director C/O TRAEGER INC., 1215 E WILMINGTON AVE, SUITE 200, SALT LAKE CITY UT 84106
Ontario Teachers Pension Plan Board 10 percent owner 5650 YONGE STREET, TORONTO A6 M2M 4H5
Trilantic Capital Management L.p. 10 percent owner, other: See Remarks 399 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10022
Wendy A. Beck director C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Elizabeth Cahill Lempres director TWO COMMERCE SQUARE, 2001 MARKET STREET, SUITE 3600, PHILADELPHIA PA 19103
Wayne Marino director C/O TRAEGER, INC., 1215 E WILMINGTON AVE., SUITE 200, SALT LAKE CITY UT 84106
Aea Investors Fund Vi Lp 10 percent owner 666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Ralph Alvarez director ELI LILLY AND COMPANY, LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Aea Investors Executive Partners Vi Llc 10 percent owner 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Aea Investors Partners Vi Lp 10 percent owner 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Aea Investors Executive Fund Vi Lp 10 percent owner 666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Aea Fund Vi Stockholder Representative Corp. 10 percent owner 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022