Top 5 Warren Buffett Stocks To Buy For 2014

We'd all like to invest like the legendary Warren Buffett, turning thousands into millions or more. Buffett analyzes companies by calculating return on invested capital, or ROIC, to help determine whether a company has an economic moat -- the ability to earn returns on its money above that money's cost.

In this series, we examine several companies in a single industry to determine their ROIC. Let's take a look at Coca-Cola (NYSE: KO  ) and three of its industry peers to see how efficiently they use cash.

Of course, it's not the only metric in value investing, but ROIC may be the most important one. By determining a company's ROIC, you can see how well it's using the cash you entrust to it and whether it's actually creating value for you. Simply put, it divides a company's operating profit by how much investment it took to get that profit. The formula is:

ROIC = net operating profit after taxes / Invested capital

(Get further detail on the nuances of the formula.)

Top 5 Warren Buffett Stocks To Buy For 2014: Galvanic Applied Sciences Inc (GAV.V)

Galvanic Applied Sciences Inc. engages in the design, manufacture, sale, and servicing of analytical measurement equipment to the gas processing industry and industrial process markets. It provides H2S analyzers, gas chromatographs, tail gas analyzers, acid gas analyzers, continuous emission monitoring systems, total sulfur analyzers, sulfur gas chromatographs, moisture analyzers, volume correctors, and pressure recorders for the gas measurement industry. The company also offers a range of on-line chemical analyzers, H2S in liquid sulfur analyzers, in-line viscometers, in-line optical and acoustic transmitters, and photometers for the liquids measurement business. It markets its products through a network of distributors and representatives in Canada, the United States, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific. The company is headquartered in Calgary, Canada.

Top 5 Warren Buffett Stocks To Buy For 2014: Green Rock Energy Ltd (GRK.AX)

Green Rock Energy Limited engages in the exploration and development of geothermal, and oil and gas resources in Australia and Europe. The company holds 15% interest in exploration permit EP417 in the Canning basin, a conventional and unconventional gas project located in Western Australia, as well as 40% interest through a farm-in agreement for the Seven Lakes Special Prospecting Area for exploring unconventional hydrocarbons in the Fitzroy Trough in the Canning basin; and 20% interest in the Backreef Area of the Canning basin. It also has 100% interests in 11 exploration licenses covering an area of approximately 5,038 square kilometers for developing geothermal power in the Great Artesian basin in South Australia; and 50% in a geothermal power joint venture located in Hungary, Europe. The company is based in West Perth, Australia.

Top Bank Companies For 2014: Western Forest Pro Com Stk Npv (WEF.TO)

Western Forest Products Inc. operates as an integrated softwood forest products company. The company is involved in the harvesting of timber; reforestation; forest management; manufacture and sale of lumber and wood chips; sale of logs; and lumber remanufacturing. It processes logs, including western red cedar, douglas fir, hem-fir, yellow cedar, and sitka spruce. Western Forest Products Inc. markets its products directly to lumber distributors, manufacturers, trading houses, and wholesale customers, as well as through sales agencies. The company sells its products approximately in 30 countries worldwide. Western Forest Products Inc. was founded in 1955 and is headquartered in Vancouver, Canada.

Top 5 Warren Buffett Stocks To Buy For 2014: Food Junction Holdings Limited(529.SI)

Food Junction Holdings Limited, an investment holding company, engages in the operation and management of food courts, and food and beverage stalls. The company operates food courts under the Food Junction, Food Culture, FJ Square, Food Garden, and The Food place brand names. It also manages and operates a portfolio of restaurants, including Tetsu Japanese restaurant in Singapore; Malone?s American cafe and restaurant chain in China; Food Apps under the brand names of Toast@Work and Black Ramen Japanese noodle house; and Lippo Chiuchow restaurant in Hong Kong. In addition, the company operates SOEZ Cooking Studio and SOEZ Cooking Playground that offers cooking classes to various participants, including tourists, adults, kids, corporate groups, and domestic helpers. As of 31 May, 2012, it managed and operated 18 food courts in Singapore, Malaysia, and Indonesia, as well as 31 self-operated food court stalls and 9 Toast@Work outlets. The company was founded in 1993 and is h eadquartered in Singapore. Food Junction Holdings Limited is a subsidiary of APG Strategic Investment Private Limited.

Top 5 Warren Buffett Stocks To Buy For 2014: Greggs(GRG.L)

Greggs plc operates as a bakery retailer in the United Kingdom. The company offers sandwiches, savories, breakfast rolls, bread and rolls, snacks, and drinks, as well as sweets comprising cakes, muffins, or biscuits. It operates approximately 1,480 shops in the United Kingdom. The company was founded in 1939 and is headquartered in Newcastle upon Tyne, the United Kingdom.