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GFPT PCL (BKK:GFPT-F) ROC (Joel Greenblatt) % : 12.48% (As of Dec. 2023)


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What is GFPT 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. GFPT PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.48%.

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

BKK:GFPT-F' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.14   Med: 13.25   Max: 20.87
Current: 10.58

During the past 13 years, GFPT PCL's highest ROC (Joel Greenblatt) % was 20.87%. The lowest was 2.14%. And the median was 13.25%.

BKK:GFPT-F's ROC (Joel Greenblatt) % is ranked worse than
51.94% of 1885 companies
in the Consumer Packaged Goods industry
Industry Median: 11.5 vs BKK:GFPT-F: 10.58

GFPT PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.10% per year.


GFPT PCL ROC (Joel Greenblatt) % Historical Data

The historical data trend for GFPT 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.

GFPT PCL ROC (Joel Greenblatt) % Chart

GFPT PCL 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 12.81 12.66 2.14 15.48 10.61

GFPT PCL 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 14.05 9.16 10.60 9.98 12.48

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

For the Packaged Foods subindustry, GFPT 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.


GFPT PCL's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

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

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



GFPT 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(996.444 + 3859.758 + 63.282) - (1149.663 + 56.155 + 38.061)
=3675.605

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(935.535 + 4400.602 + 58.684) - (1617.767 + 60.805 + 59.517)
=3656.732

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of GFPT PCL 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 )
=2013.752/( ( (12403.032 + max(3675.605, 0)) + (12524.66 + max(3656.732, 0)) )/ 2 )
=2013.752/( ( 16078.637 + 16181.392 )/ 2 )
=2013.752/16130.0145
=12.48 %

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.


GFPT PCL  (BKK:GFPT-F) 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.


GFPT PCL ROC (Joel Greenblatt) % Related Terms

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GFPT PCL (BKK:GFPT-F) Business Description

Traded in Other Exchanges
Address
No.312, Rama II Road, Bangmod, Jomthong, Bangkok, THA, 10150
GFPT PCL is the parent company of the group that produces and distributes frozen chicken meat, processed chicken, and its byproducts for markets in Thailand and internationally. The company has many subsidiaries, each operating a specific step within the vertically integrated process of chicken and livestock products. The group has seven segments: Evisceration Chicken, Broiler Farm, Feed Mill, Parent Chickens, Chicks Distribution, Processed Food Production and Distribution, and Grandparent Chickens. Evisceration chicken accounts for a large portion of sales.

GFPT PCL (BKK:GFPT-F) Headlines

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