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Pantech Group Holdings Bhd (XKLS:5125) ROC (Joel Greenblatt) % : 14.28% (As of Nov. 2023)


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What is Pantech Group Holdings Bhd 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. Pantech Group Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 14.28%.

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

XKLS:5125' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.01   Med: 11.22   Max: 19.86
Current: 16.64

During the past 13 years, Pantech Group Holdings Bhd's highest ROC (Joel Greenblatt) % was 19.86%. The lowest was 6.01%. And the median was 11.22%.

XKLS:5125's ROC (Joel Greenblatt) % is ranked better than
68.44% of 621 companies
in the Steel industry
Industry Median: 9.31 vs XKLS:5125: 16.64

Pantech Group Holdings Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 9.40% per year.


Pantech Group Holdings Bhd ROC (Joel Greenblatt) % Historical Data

The historical data trend for Pantech Group Holdings Bhd'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.

Pantech Group Holdings Bhd ROC (Joel Greenblatt) % Chart

Pantech Group Holdings Bhd Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.84 7.99 6.01 13.80 19.86

Pantech Group Holdings Bhd Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 23.16 15.73 17.76 18.45 14.28

Competitive Comparison of Pantech Group Holdings Bhd's ROC (Joel Greenblatt) %

For the Steel subindustry, Pantech Group Holdings Bhd'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.


Pantech Group Holdings Bhd's ROC (Joel Greenblatt) % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Pantech Group Holdings Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Pantech Group Holdings Bhd's ROC (Joel Greenblatt) % falls into.



Pantech Group Holdings Bhd 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: Aug. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(178.42 + 396.991 + 2.355) - (62.22 + 0 + 5.6843418860808E-14)
=515.546

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(174.702 + 389.945 + 2.288) - (65.097 + 0 + 5.6843418860808E-14)
=501.838

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Pantech Group Holdings Bhd for the quarter that ended in Nov. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Nov. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2023  Q: Nov. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=121.076/( ( (340.52 + max(515.546, 0)) + (338.33 + max(501.838, 0)) )/ 2 )
=121.076/( ( 856.066 + 840.168 )/ 2 )
=121.076/848.117
=14.28 %

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


Pantech Group Holdings Bhd  (XKLS:5125) 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.


Pantech Group Holdings Bhd ROC (Joel Greenblatt) % Related Terms

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Pantech Group Holdings Bhd (XKLS:5125) Business Description

Traded in Other Exchanges
N/A
Address
PTD 204334, Jalan Platinum Utama, Kawasan Perindustrian Pasir Gudang, Zone 12B, Pasir Gudang, JHR, MYS, 81700
Pantech Group Holdings Bhd is engaged in investment holding and the provision of management services. The company has three operating segments: Trading, Manufacturing, and Investment holding. It derives most of its revenues from the Trading segment. The Trading segment is engaged in trading, supplying, and stocking high-pressure seamless and specialized steel pipes, fittings, flanges, valves, and other related products for use in oil and gas. The Manufacturing segment is engaged in the manufacturing and supply of butt-welded carbon steel fittings, stainless steel, and alloy pipes, fittings, and related products, as well as milling, machining, and welding of tube and pipe fitting. The Investment holding segment is engaged in investment holding, property investment, and management services.

Pantech Group Holdings Bhd (XKLS:5125) Headlines

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