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Tapaco PCL (BKK:TAPAC-R) ROC (Joel Greenblatt) % : 1.73% (As of Oct. 2023)


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What is Tapaco 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. Tapaco PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 1.73%.

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

BKK:TAPAC-R's ROC (Joel Greenblatt) % is not ranked *
in the Conglomerates industry.
Industry Median: 14.935
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Tapaco PCL ROC (Joel Greenblatt) % Historical Data

The historical data trend for Tapaco 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.

Tapaco PCL ROC (Joel Greenblatt) % Chart

Tapaco PCL Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.42 -1.99 7.88 19.93 -2.38

Tapaco PCL Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 -5.48 -3.64 -1.56 -6.33 1.73

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

For the Conglomerates subindustry, Tapaco 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.


Tapaco PCL's ROC (Joel Greenblatt) % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tapaco PCL's ROC (Joel Greenblatt) % distribution charts can be found below:

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


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Tapaco 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: Jul. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(201.949 + 786.511 + 9.0119999999999) - (267.542 + 47.351 + -1.1368683772162E-13)
=682.579

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(226.692 + 745.319 + 10.654) - (282.604 + 37.99 + 8.694)
=653.377

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Oct. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2023  Q: Oct. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=19.036/( ( (438.228 + max(682.579, 0)) + (421.794 + max(653.377, 0)) )/ 2 )
=19.036/( ( 1120.807 + 1075.171 )/ 2 )
=19.036/1097.989
=1.73 %

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


Tapaco PCL  (BKK:TAPAC-R) 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.


Tapaco PCL ROC (Joel Greenblatt) % Related Terms

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Tapaco PCL Business Description

Traded in Other Exchanges
N/A
Address
789/40 Moo 1, Sub-district Nongkham, District Sriracha, Chonburi, THA, 20230
Tapaco PCL is a Thailand-based company. Its operating segments are Manufacturing of plastic parts which include assembling of electrical and electronic products, Manufacturing of mold and related services involves the manufacturing of plastic injection mold and providing repair, maintenance, and modification services for a plastic injection mold, Sales of cosmetic products, Investments segment and Construction and real estate services.

Tapaco PCL Headlines

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