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United Plantation Berhad (OCSE:UPB) ROC (Joel Greenblatt) % : 35.76% (As of Mar. 2024)


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What is United Plantation Berhad 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. United Plantation Berhad's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 35.76%.

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

OCSE:UPB' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.44   Med: 31.03   Max: 49.38
Current: 49.38

During the past 13 years, United Plantation Berhad's highest ROC (Joel Greenblatt) % was 49.38%. The lowest was 20.44%. And the median was 31.03%.

OCSE:UPB's ROC (Joel Greenblatt) % is ranked better than
90.07% of 1884 companies
in the Consumer Packaged Goods industry
Industry Median: 11.25 vs OCSE:UPB: 49.38

United Plantation Berhad's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 16.30% per year.


United Plantation Berhad ROC (Joel Greenblatt) % Historical Data

The historical data trend for United Plantation Berhad'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.

United Plantation Berhad ROC (Joel Greenblatt) % Chart

United Plantation Berhad Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.23 26.23 36.36 45.01 46.61

United Plantation Berhad Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 31.63 42.75 63.05 53.98 35.76

Competitive Comparison of United Plantation Berhad's ROC (Joel Greenblatt) %

For the Farm Products subindustry, United Plantation Berhad'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.


United Plantation Berhad's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where United Plantation Berhad's ROC (Joel Greenblatt) % falls into.



United Plantation Berhad 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. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(281.609 + 436.399 + 92.467) - (169.291 + 0 + 104.768)
=536.416

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(263.752 + 432.231 + 47.151) - (227.101 + 0 + 27.748)
=488.285

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of United Plantation Berhad for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1038.6/( ( (2369.279 + max(536.416, 0)) + (2414.256 + max(488.285, 0)) )/ 2 )
=1038.6/( ( 2905.695 + 2902.541 )/ 2 )
=1038.6/2904.118
=35.76 %

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


United Plantation Berhad  (OCSE:UPB) 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.


United Plantation Berhad ROC (Joel Greenblatt) % Related Terms

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United Plantation Berhad (OCSE:UPB) Business Description

Traded in Other Exchanges
Address
Jendarata Estate, Teluk Intan, PRK, MYS, 36009
United Plantation Berhad cultivates and processes palm oil, coconuts, and other plantation crops. Its subsidiaries process and manufacture palm oil until it is ready to be packaged and distributed to customers worldwide. It owns light railway to transport products from palm trees to a handful of mills located on its property. Coconuts can be sold at a young age for drinking purposes, or as mature nuts to help produce milk, powders, and other products. End products produced by the company include cooking oils, ready-to-eat oils, soaps, and specialty fats. The remaining waste water and discharge from mill operations are used to produce fertilizers or shipped to ponds where it can be purified and released to rivers and waterways.

United Plantation Berhad (OCSE:UPB) Headlines

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