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Thai Mui PCL (BKK:THMUI) ROC (Joel Greenblatt) % : -0.10% (As of Sep. 2024)


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What is Thai Mui 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. Thai Mui PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -0.10%.

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

BKK:THMUI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.38   Med: 7.82   Max: 21.17
Current: -1.13

During the past 10 years, Thai Mui PCL's highest ROC (Joel Greenblatt) % was 21.17%. The lowest was -3.38%. And the median was 7.82%.

BKK:THMUI's ROC (Joel Greenblatt) % is ranked worse than
87.1% of 155 companies
in the Industrial Distribution industry
Industry Median: 16.77 vs BKK:THMUI: -1.13

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


Thai Mui PCL ROC (Joel Greenblatt) % Historical Data

The historical data trend for Thai Mui 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.

Thai Mui PCL ROC (Joel Greenblatt) % Chart

Thai Mui 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 -3.38 -1.22 1.46 0.53 2.72

Thai Mui PCL Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.44 2.78 -3.12 -4.14 -0.10

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

For the Industrial Distribution subindustry, Thai Mui 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.


Thai Mui PCL's ROC (Joel Greenblatt) % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Thai Mui PCL's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Thai Mui 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(52.789 + 293.871 + 9.281) - (82.674 + 0 + 1.526)
=271.741

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(57.041 + 299.391 + 7.627) - (85.963 + 0 + 1.641)
=276.455

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Thai Mui PCL for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.388/( ( (119.21 + max(271.741, 0)) + (108.849 + max(276.455, 0)) )/ 2 )
=-0.388/( ( 390.951 + 385.304 )/ 2 )
=-0.388/388.1275
=-0.10 %

Note: The EBIT data used here is four times the quarterly (Sep. 2024) 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.


Thai Mui PCL  (BKK:THMUI) 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.


Thai Mui PCL ROC (Joel Greenblatt) % Related Terms

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Thai Mui PCL Business Description

Traded in Other Exchanges
N/A
Address
759 Chareonkrung Road, Taladnoi, Sumphantawong, Krung Thep Maha Nakhon, Bangkok, THA, 10100
Thai Mui Corp PCL is engaged in the retail and wholesale of ironware, wire rope saw, and pipe and provides loop wire rope and equipment installation and inspection and plumbing contractor project and construction of a water quality improvement business for a shrimp farm. Its products include Wire rope, Skate, Soft sling, Hook, etc. The company's segments are Sales and service and Project work. The key revenue is derived from the sale of wire rope and lifting equipment including replacement and installation and to provide technical inspection, testing, and analysis equipment activity. The group operates in Thailand.

Thai Mui PCL Headlines

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