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PT Bumi Citra Permai Tbk (ISX:BCIP) ROC (Joel Greenblatt) % : -5.10% (As of Dec. 2023)


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What is PT Bumi Citra Permai Tbk 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. PT Bumi Citra Permai Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.10%.

The historical rank and industry rank for PT Bumi Citra Permai Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:

ISX:BCIP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.65   Med: 17.1   Max: 61.08
Current: 4.5

During the past 13 years, PT Bumi Citra Permai Tbk's highest ROC (Joel Greenblatt) % was 61.08%. The lowest was 0.65%. And the median was 17.10%.

ISX:BCIP's ROC (Joel Greenblatt) % is ranked worse than
62.03% of 1783 companies
in the Real Estate industry
Industry Median: 10.17 vs ISX:BCIP: 4.50

PT Bumi Citra Permai Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -29.00% per year.


PT Bumi Citra Permai Tbk ROC (Joel Greenblatt) % Historical Data

The historical data trend for PT Bumi Citra Permai Tbk'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.

PT Bumi Citra Permai Tbk ROC (Joel Greenblatt) % Chart

PT Bumi Citra Permai Tbk 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 7.55 3.59 0.65 4.70 4.52

PT Bumi Citra Permai Tbk 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) % 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 -6.06 7.22 2.95 12.96 -5.10

Competitive Comparison of PT Bumi Citra Permai Tbk's ROC (Joel Greenblatt) %

For the Real Estate - Development subindustry, PT Bumi Citra Permai Tbk'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.


PT Bumi Citra Permai Tbk's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Bumi Citra Permai Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where PT Bumi Citra Permai Tbk's ROC (Joel Greenblatt) % falls into.



PT Bumi Citra Permai Tbk 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)
=(5047.743 + 298440.804 + 13992.246) - (15425.803 + 0 + 70538.922)
=231516.068

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7255.395 + 314819.104 + 13282.301) - (11602.689 + 0 + 66463.981)
=257290.13

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PT Bumi Citra Permai Tbk 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 )
=-22032.968/( ( (202720.551 + max(231516.068, 0)) + (172769.264 + max(257290.13, 0)) )/ 2 )
=-22032.968/( ( 434236.619 + 430059.394 )/ 2 )
=-22032.968/432148.0065
=-5.10 %

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.


PT Bumi Citra Permai Tbk  (ISX:BCIP) 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.


PT Bumi Citra Permai Tbk ROC (Joel Greenblatt) % Related Terms

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PT Bumi Citra Permai Tbk (ISX:BCIP) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Kramat Raya No. 32-34, Pusat, Jakarta, IDN, 10450
PT Bumi Citra Permai Tbk is engaged is a real estate company engaged in the development of industrial areas and warehouses. Along with the sale of industrial plots, it also sells plots of land and buildings such as factories/ warehouses. Its development activity begins with the request process, land acquisition, land development, and infrastructure development in the industrial area. The company's products include Ready-to-Build Industrial Lot, Industrial Buildings and Warehouses that range from 12x24 (s- BIG) and 18x30 (m- BIG); and Shophouses. The majority of the revenues are derived from Sales of warehouses and shop houses, Ready-to-Build Industrial lots, Water Supply Management.

PT Bumi Citra Permai Tbk (ISX:BCIP) Headlines

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