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Airports Of Thailand (Airports Of Thailand) ROC (Joel Greenblatt) % : 17.27% (As of Dec. 2023)


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What is Airports Of Thailand 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. Airports Of Thailand's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.27%.

The historical rank and industry rank for Airports Of Thailand's ROC (Joel Greenblatt) % or its related term are showing as below:

APTPF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13.62   Med: 22.37   Max: 33.84
Current: 13.03

During the past 13 years, Airports Of Thailand's highest ROC (Joel Greenblatt) % was 33.84%. The lowest was -13.62%. And the median was 22.37%.

APTPF's ROC (Joel Greenblatt) % is ranked better than
51.7% of 971 companies
in the Transportation industry
Industry Median: 12.61 vs APTPF: 13.03

Airports Of Thailand's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Airports Of Thailand ROC (Joel Greenblatt) % Historical Data

The historical data trend for Airports Of Thailand'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.

Airports Of Thailand ROC (Joel Greenblatt) % Chart

Airports Of Thailand Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.22 5.51 -13.30 -6.99 9.68

Airports Of Thailand 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 3.51 8.47 13.08 13.24 17.27

Competitive Comparison of Airports Of Thailand's ROC (Joel Greenblatt) %

For the Airports & Air Services subindustry, Airports Of Thailand'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.


Airports Of Thailand's ROC (Joel Greenblatt) % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Airports Of Thailand's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Airports Of Thailand's ROC (Joel Greenblatt) % falls into.



Airports Of Thailand 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)
=(339.523 + 7.946 + 11.993) - (288.737 + 56.156 + 25.215)
=-10.646

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(400.223 + 8.308 + 13.658) - (216.354 + 0 + 78.883)
=126.952

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Airports Of Thailand 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 )
=745.86/( ( (4206.072 + max(-10.646, 0)) + (4305.058 + max(126.952, 0)) )/ 2 )
=745.86/( ( 4206.072 + 4432.01 )/ 2 )
=745.86/4319.041
=17.27 %

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.


Airports Of Thailand  (OTCPK:APTPF) 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.


Airports Of Thailand ROC (Joel Greenblatt) % Related Terms

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Airports Of Thailand (Airports Of Thailand) Business Description

Address
No. 333, Cherdwutagard Road, Srikan, Don Mueang, Bangkok, THA, 10210
Airports Of Thailand PLC operates airports and provides services related to air transportation. Its airports, located in Thailand, serve both domestic and international flights. Revenue is generated primarily from two sources: aeronautical and nonaeronautical. Aeronautical revenue is associated with air traffic, including landing and parking charges, and passenger and aircraft service charges. Nonaeronautical revenue primarily results from office and state property rents. Additionally, Airports of Thailand has invested in other companies to provide services and products related to its airports. Its investments are wide-ranging, including hotels, aviation fuel services, and catering services.

Airports Of Thailand (Airports Of Thailand) Headlines

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