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Hillman Solutions (Hillman Solutions) ROC (Joel Greenblatt) % : 2.79% (As of Dec. 2023)


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What is Hillman Solutions 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. Hillman Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.79%.

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

HLMN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.26   Med: 7.84   Max: 13.02
Current: 9.39

During the past 5 years, Hillman Solutions's highest ROC (Joel Greenblatt) % was 13.02%. The lowest was 3.26%. And the median was 7.84%.

HLMN's ROC (Joel Greenblatt) % is ranked worse than
60.27% of 3005 companies
in the Industrial Products industry
Industry Median: 13.61 vs HLMN: 9.39

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


Hillman Solutions ROC (Joel Greenblatt) % Historical Data

The historical data trend for Hillman Solutions'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.

Hillman Solutions ROC (Joel Greenblatt) % Chart

Hillman Solutions Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
- 13.02 3.26 6.03 9.64

Hillman Solutions Quarterly Data
Dec19 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 2.17 0.64 12.37 21.56 2.79

Competitive Comparison of Hillman Solutions's ROC (Joel Greenblatt) %

For the Tools & Accessories subindustry, Hillman Solutions'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.


Hillman Solutions's ROC (Joel Greenblatt) % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hillman Solutions's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Hillman Solutions 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)
=(129.709 + 397.077 + 29.778) - (208.965 + 0 + 0)
=347.599

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(103.482 + 382.71 + 23.235) - (198.761 + 0 + 0)
=310.666

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Hillman Solutions 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 )
=17.2/( ( (288.699 + max(347.599, 0)) + (288.032 + max(310.666, 0)) )/ 2 )
=17.2/( ( 636.298 + 598.698 )/ 2 )
=17.2/617.498
=2.79 %

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.


Hillman Solutions  (NAS:HLMN) 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.


Hillman Solutions ROC (Joel Greenblatt) % Related Terms

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


Hillman Solutions (Hillman Solutions) Business Description

Traded in Other Exchanges
N/A
Address
1280 Kemper Meadow Drive, Forest Park, OH, USA, 45240
Hillman Solutions Corp is a provider of hardware-related products and related merchandising services to retail markets in North America. The company sells its products to hardware stores, home centers, mass merchants, pet supply stores, and other retail outlets. Its product lines include thousands of small parts such as fasteners and related hardware items; threaded rod and metal shapes; keys and accessories; builder's hardware; personal protective equipment, such as gloves and eye-wear; and identification items, such as tags and letters, numbers, and signs. The segments of the group are Hardware and Protective Solutions, which is the key revenue-generating segment; Robotics and Digital Solutions; and Canada. It has a business presence in the US, Canada and Mexico.
Executives
Diane Honda director C/O BARRACUDA NETWORKS, INC., 3175 S. WINCHESTER BLVD., CAMPBELL CA 95008
Ccmp Capital, Lp 10 percent owner 245 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10167
Aaron Jerrod Parker officer: VP - Human Resources 1280 KEMPER MEADOW DR., FOREST PARK OH 45240
Robert O. Kraft officer: CFO and Treasurer ONE CVS DRIVE, WOONSOCKET RI 02895
Douglas Cahill director, officer: COB, President and CEO 1040 CHANCERY LANE, NASHVILLED TN 37215
Scott Kelley Moore officer: Chief Technology Officer 10590 HAMILTON AVE., CINCINNATI OH 45231
Leary Dan O director 10590 HAMILTON AVENUE, CINCINNATI OH 45231-0012
Ccmp Co-invest Iii A Gp, Llc 10 percent owner C/O CCMP CAPITAL ADVISORS, LP, 277 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10172
Ccmp Capital Investors Iii (employee), L.p. 10 percent owner C/O CCMP CAPITAL ADVISORS, LLC, 245 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10167
Ccmp Capital Investors Iii, L.p. 10 percent owner C/O CCMP CAPITAL ADVISORS, LLC, 245 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10167
Ccmp Capital Associates Iii Gp, Llc 10 percent owner C/O CCMP CAPITAL ADVISORS, LP, 277 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10172
Ccmp Capital Gp, Llc 10 percent owner 1 ROCKEFELLER PLAZA, 16TH FLOOR, NEW YORK NY 10020
Ccmp Capital Associates Iii, L.p. 10 percent owner C/O CCMP CAPITAL ADVISORS, LP, 277 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10172
Ccmp Co-invest Iii A, L.p. 10 percent owner C/O CCMP CAPITAL ADVISORS, LLC, 245 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10167
Jarrod Streng officer: See Remarks 10590 HAMILTON AVENUE, CINCINNATI OH 45231-0012