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DTC Enterprise PCL (BKK:DTCENT) ROC (Joel Greenblatt) % : 50.62% (As of Sep. 2023)


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What is DTC Enterprise 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. DTC Enterprise PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 50.62%.

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

BKK:DTCENT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.86   Med: 36.28   Max: 55.1
Current: 27.31

During the past 5 years, DTC Enterprise PCL's highest ROC (Joel Greenblatt) % was 55.10%. The lowest was 20.86%. And the median was 36.28%.

BKK:DTCENT's ROC (Joel Greenblatt) % is ranked better than
75.74% of 2477 companies
in the Hardware industry
Industry Median: 9.99 vs BKK:DTCENT: 27.31

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


DTC Enterprise PCL ROC (Joel Greenblatt) % Historical Data

The historical data trend for DTC Enterprise 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.

DTC Enterprise PCL ROC (Joel Greenblatt) % Chart

DTC Enterprise PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
ROC (Joel Greenblatt) %
43.97 55.10 36.28 28.20 20.86

DTC Enterprise PCL Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 20.11 2.11 24.30 27.95 50.62

Competitive Comparison of DTC Enterprise PCL's ROC (Joel Greenblatt) %

For the Scientific & Technical Instruments subindustry, DTC Enterprise 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.


DTC Enterprise PCL's ROC (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, DTC Enterprise PCL's ROC (Joel Greenblatt) % distribution charts can be found below:

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



DTC Enterprise 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(82.776 + 100.459 + 43.661) - (51.017 + 72.379 + 22.246)
=81.254

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(110.904 + 92.61 + 38.914) - (53.075 + 48.677 + 26.029)
=114.647

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of DTC Enterprise PCL for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=227.752/( ( (351.544 + max(81.254, 0)) + (352.432 + max(114.647, 0)) )/ 2 )
=227.752/( ( 432.798 + 467.079 )/ 2 )
=227.752/449.9385
=50.62 %

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


DTC Enterprise PCL  (BKK:DTCENT) 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.


DTC Enterprise PCL ROC (Joel Greenblatt) % Related Terms

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DTC Enterprise PCL (BKK:DTCENT) Business Description

Traded in Other Exchanges
N/A
Address
63, Soi Sanphawut 2, Sukhumvit Road, Bangna Nuea, Bangna, Bangkok, THA, 10260
DTC Enterprise PCL designs, research, develop, distribute, and provide vehicle tracking devices (GPS Tracking) and develop a complete range of IoT Solution and Artificial Intelligence (AI), including research and development of software systems for transportation management and other. The company has four segments namely, GPS tracking business, Software business, IoT business and Other businesses. The majority of revenue is generated through GPS tracking business. The company's products consist of GPS tracking systems, Mobile DVR, Software, and Solutions.

DTC Enterprise PCL (BKK:DTCENT) Headlines

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