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Origin Enterprises (LSE:OGN) ROC (Joel Greenblatt) % : 6.76% (As of Jan. 2024)


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What is Origin Enterprises 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. Origin Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 6.76%.

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

LSE:OGN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 27.42   Med: 66.49   Max: 99.82
Current: 30.37

During the past 13 years, Origin Enterprises's highest ROC (Joel Greenblatt) % was 99.82%. The lowest was 27.42%. And the median was 66.49%.

LSE:OGN's ROC (Joel Greenblatt) % is ranked better than
79.84% of 1885 companies
in the Consumer Packaged Goods industry
Industry Median: 11.07 vs LSE:OGN: 30.37

Origin Enterprises's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.80% per year.


Origin Enterprises ROC (Joel Greenblatt) % Historical Data

The historical data trend for Origin Enterprises'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.

Origin Enterprises ROC (Joel Greenblatt) % Chart

Origin Enterprises Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.04 27.42 38.25 76.27 50.47

Origin Enterprises Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 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 12.98 116.86 16.47 63.58 6.76

Competitive Comparison of Origin Enterprises's ROC (Joel Greenblatt) %

For the Farm Products subindustry, Origin Enterprises'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.


Origin Enterprises's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Origin Enterprises's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Origin Enterprises 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: Jul. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(440.398 + 232.167 + 5.918) - (734.542 + 0 + 45.412)
=-101.471

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(298.655 + 322.334 + 6.0069999999999) - (474.142 + 0 + 12.72)
=140.134

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Origin Enterprises 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: Jul. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=16.636/( ( (172.144 + max(-101.471, 0)) + (179.617 + max(140.134, 0)) )/ 2 )
=16.636/( ( 172.144 + 319.751 )/ 2 )
=16.636/245.9475
=6.76 %

Note: The EBIT data used here is two times the semi-annual (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.


Origin Enterprises  (LSE:OGN) 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.


Origin Enterprises ROC (Joel Greenblatt) % Related Terms

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Origin Enterprises (LSE:OGN) Business Description

Traded in Other Exchanges
Address
4-6 Riverwalk, Citywest Business Campus, Dublin, IRL, 24
Origin Enterprises PLC is an agri-service business with operations throughout Europe. It provides technologies and strategic products to support food production systems for primary food producers. The company acts as an advisor for varietal selection, nutrition, crop protection, and other techniques to improve crop performance. Fertilizers, animal feed, seeds, and other agricultural supplements are sold to enhance farming productivity. It delivers products to farms from local distribution centers, and agronomists study the timing of applications to achieve the best results for customers. Farm visitations happen throughout each year, and soil and tissue analysis is conducted to either stop deficiencies or prevent future occurrences.