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The International Engineering PCL (BKK:IEC-R) ROC (Joel Greenblatt) % : -2.40% (As of Mar. 2016)


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What is The International Engineering PCL 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. The International Engineering PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2016 was -2.40%.

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

BKK:IEC-R' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -139.46   Med: -45.75   Max: 30.61
Current: -1.36

During the past 11 years, The International Engineering PCL's highest ROC (Joel Greenblatt) % was 30.61%. The lowest was -139.46%. And the median was -45.75%.

BKK:IEC-R's ROC (Joel Greenblatt) % is not ranked
in the Utilities - Regulated industry.
Industry Median: 10.55 vs BKK:IEC-R: -1.36

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


The International Engineering PCL ROC (Joel Greenblatt) % Historical Data

The historical data trend for The International Engineering PCL'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.

The International Engineering PCL ROC (Joel Greenblatt) % Chart

The International Engineering PCL Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -60.31 -40.53 9.05 1.37 -0.29

The International Engineering PCL Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 2.50 2.87 0.84 -6.20 -2.40

Competitive Comparison of The International Engineering PCL's ROC (Joel Greenblatt) %

For the Utilities - Regulated Electric subindustry, The International Engineering PCL'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.


The International Engineering PCL's ROC (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, The International Engineering PCL's ROC (Joel Greenblatt) % distribution charts can be found below:

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



The International Engineering PCL 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: Dec. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.527 + 33.586 + 0) - (241.973 + 50 + 32.189)
=-255.049

Working Capital(Q: Mar. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(42.463 + 30.518 + 0) - (227.387 + 50 + 32.19)
=-236.596

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of The International Engineering PCL for the quarter that ended in Mar. 2016 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2015  Q: Mar. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-78.868/( ( (3158.918 + max(-255.049, 0)) + (3411.9 + max(-236.596, 0)) )/ 2 )
=-78.868/( ( 3158.918 + 3411.9 )/ 2 )
=-78.868/3285.409
=-2.40 %

Note: The EBIT data used here is four times the quarterly (Mar. 2016) 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.


The International Engineering PCL  (BKK:IEC-R) 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.


The International Engineering PCL ROC (Joel Greenblatt) % Related Terms

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The International Engineering PCL (BKK:IEC-R) Business Description

Traded in Other Exchanges
N/A
Address
Phaholyothin Road, Samsennai, 408/37, Phaholyothin Place Building, 9th Floor, Phayathai, Bangkok, THA, 10400
The International Engineering PLC is engaged in engineering products and providing services on installation and implementation of information technology system, waste plant, generating electricity from waste, solar energy, and biomass. Its segments are telecommunication segment and implementation of information technology system, and investments business in producing and distributing electricity from alternative energy. The company operates in Thailand.

The International Engineering PCL (BKK:IEC-R) Headlines

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