GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Pan Pacific International Holdings Corp (OTCPK:DQJCY) » Definitions » ROC (Joel Greenblatt) %

Pan Pacific International Holdings (Pan Pacific International Holdings) ROC (Joel Greenblatt) %

: 20.33% (As of Dec. 2023)
View and export this data going back to 2008. Start your Free Trial

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. Pan Pacific International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.33%.

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

DQJCY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.48   Med: 13.56   Max: 16.35
Current: 16.35

During the past 13 years, Pan Pacific International Holdings's highest ROC (Joel Greenblatt) % was 16.35%. The lowest was 9.48%. And the median was 13.56%.

DQJCY's ROC (Joel Greenblatt) % is ranked better than
55.59% of 313 companies
in the Retail - Defensive industry
Industry Median: 14.47 vs DQJCY: 16.35

Pan Pacific International Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.10% per year.


Pan Pacific International Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Pan Pacific International Holdings'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.

Pan Pacific International Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.79 10.89 9.38 11.92 13.94

Pan Pacific International Holdings 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) % 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 Premium Member Only Premium Member Only Premium Member Only 15.88 13.19 12.10 19.31 20.33

Competitive Comparison

For the Discount Stores subindustry, Pan Pacific International Holdings'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.


Pan Pacific International Holdings ROC (Joel Greenblatt) % Distribution

For the Retail - Defensive industry and Consumer Defensive sector, Pan Pacific International Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Pan Pacific International Holdings's ROC (Joel Greenblatt) % falls into.



Pan Pacific International Holdings 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)
=(467.862 + 1283.987 + 303.73) - (1647.814 + 0 + 557.428)
=-149.663

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(566.212 + 1432.128 + 433.029) - (2085.136 + 0 + 550.016)
=-203.783

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Pan Pacific International Holdings 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 )
=1082.056/( ( (5196.341 + max(-149.663, 0)) + (5450.096 + max(-203.783, 0)) )/ 2 )
=1082.056/( ( 5196.341 + 5450.096 )/ 2 )
=1082.056/5323.2185
=20.33 %

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.


Pan Pacific International Holdings  (OTCPK:DQJCY) 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.


Pan Pacific International Holdings ROC (Joel Greenblatt) % Related Terms

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


Pan Pacific International Holdings (Pan Pacific International Holdings) Business Description

Traded in Other Exchanges
Address
2-19-10 Aobadai, Meguro-ku, Tokyo, JPN, 153-0042
PPIH is a leading operator of discount stores and general merchandise stores primarily in Japan, operating 617 stores as of mid-2023 nationally. It offers a wide range of products from packaged food, cosmetics, and household products to consumer electronics. The primary store formats include the Don Quijote discount stores, Mega Donki format, and general merchandise stores operated under FamilyMart Uny. Overseas operations concentrate on North America and Southeast Asia. It has acquired small supermarket chains in Hawaii and California in the U.S. and also accelerated store expansion across Singapore and Hong Kong.

Pan Pacific International Holdings (Pan Pacific International Holdings) Headlines

No Headlines