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Natural Alternatives International (Natural Alternatives International) ROC (Joel Greenblatt) % : -12.06% (As of Dec. 2023)


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What is Natural Alternatives International 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. Natural Alternatives International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -12.06%.

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

NAII' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.76   Med: 17.73   Max: 49.03
Current: -3.76

During the past 13 years, Natural Alternatives International's highest ROC (Joel Greenblatt) % was 49.03%. The lowest was -3.76%. And the median was 17.73%.

NAII's ROC (Joel Greenblatt) % is ranked worse than
80.48% of 1885 companies
in the Consumer Packaged Goods industry
Industry Median: 11.07 vs NAII: -3.76

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


Natural Alternatives International ROC (Joel Greenblatt) % Historical Data

The historical data trend for Natural Alternatives International'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.

Natural Alternatives International ROC (Joel Greenblatt) % Chart

Natural Alternatives International Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.40 -2.74 18.42 17.03 3.96

Natural Alternatives International Quarterly Data
Mar19 Jun19 Sep19 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 Premium Member Only Premium Member Only Premium Member Only 8.60 -9.92 11.07 -2.75 -12.06

Competitive Comparison of Natural Alternatives International's ROC (Joel Greenblatt) %

For the Packaged Foods subindustry, Natural Alternatives International'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.


Natural Alternatives International's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

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

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



Natural Alternatives International 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)
=(9.751 + 23.304 + 7.612) - (10.525 + 0.405 + 3.087)
=26.65

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.457 + 19.596 + 6.864) - (9.501 + 0.695 + 1.699)
=25.022

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Natural Alternatives International 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 )
=-15.044/( ( (99.622 + max(26.65, 0)) + (98.201 + max(25.022, 0)) )/ 2 )
=-15.044/( ( 126.272 + 123.223 )/ 2 )
=-15.044/124.7475
=-12.06 %

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.


Natural Alternatives International  (NAS:NAII) 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.


Natural Alternatives International ROC (Joel Greenblatt) % Related Terms

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


Natural Alternatives International (Natural Alternatives International) Business Description

Traded in Other Exchanges
Address
1535 Faraday Avenue, Carlsbad, CA, USA, 92008
Natural Alternatives International Inc is engaged in formulating, manufacturing, and marketing nutritional supplements. It offers vitamins, minerals, herbs, and other supplements, as well as other healthcare products to customers within the United States and internationally. Its business activity is operated through Private-Label Contract Manufacturing and Patent & Trademark Licensing segment. The company derives the majority of revenue from Private-Label Contract Manufacturing which is engaged in providing manufacturing services to companies that market and distribute nutritional supplements and other healthcare products, whereas the Patent and Trademark Licensing segment includes royalty income from its license and supply agreements associated with the sale.
Executives
Mark A Ledoux director, 10 percent owner, officer: CEO/Chairman 1185 LINDA VISTA DR, SAN MARCOS CA 92069
Joe E Davis director 3436 CARIBETH DR, ENCINO CA 91436
Lee G Weldon director 1185 LINDA VISTA DRIVE, SAN MARCAS CA 92069
Alan G Dunn director 1185 LINDA VISTA DR., SUITE A, SAN MARCOS X1 92078
Michael E Fortin officer: Chief Financial Officer 1185 LINDA VISTA DRIVE, SAN MARCOS CA 92078
Kenneth Wolf officer: Chief Financial Officer 12626 HIGH BLUFF DRIVE, SUITE 440, SAN DIEGO CA 92130
Alan J Lane director 41090 AVENIDA VERDE, TEMECULA CA 92591
Guru Ramanathan director C/O GNC HOLDINGS, INC., 300 SIXTH AVENUE, PITTSBURGH PA 15222
Laura Kay Matherly director 1535 FARADAY AVENUE, CARLSBAD CA 92008
Edward Borg 10 percent owner 600 SOUTH US HIGHWAY 1, APT. 609, JUPITER FL 33477
Alvin Mccurdy officer: V.P. of Operations 1185 LINDA VISTA DR., SUITE A, SAN MARCOS CA 92078
Carl J Terranova other: Member of 13(d) 10% group 159 CHRYSTIE ST, NEW YORK NY 10002
Thomas H Hansen 10 percent owner
John Dullea officer: President, RHL (Subsidiary) 12189 CAMINITO CORRIENTE, SAN DIEGO CA 92128
Randell Weaver officer: President