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Union Pioneer PCL (BKK:UPF) ROC (Joel Greenblatt) % : 10.39% (As of Mar. 2024)


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What is Union Pioneer 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. Union Pioneer PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.39%.

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

BKK:UPF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.21   Med: 10.09   Max: 26.36
Current: 6.28

During the past 13 years, Union Pioneer PCL's highest ROC (Joel Greenblatt) % was 26.36%. The lowest was -0.21%. And the median was 10.09%.

BKK:UPF's ROC (Joel Greenblatt) % is ranked worse than
57.54% of 1074 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.73 vs BKK:UPF: 6.28

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


Union Pioneer PCL ROC (Joel Greenblatt) % Historical Data

The historical data trend for Union Pioneer 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.

Union Pioneer PCL ROC (Joel Greenblatt) % Chart

Union Pioneer 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 -0.21 26.36 12.72 8.23 3.09

Union Pioneer PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -2.19 -9.20 5.50 19.43 10.39

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

For the Textile Manufacturing subindustry, Union Pioneer 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.


Union Pioneer PCL's ROC (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Union Pioneer PCL's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Union Pioneer 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(117.164 + 106.82 + 4.45) - (49.917 + 0.397 + 0.315)
=177.805

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(138.162 + 123.828 + 3.905) - (53.855 + 0 + 1.799)
=210.241

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Union Pioneer PCL for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=30.684/( ( (98.033 + max(177.805, 0)) + (104.557 + max(210.241, 0)) )/ 2 )
=30.684/( ( 275.838 + 314.798 )/ 2 )
=30.684/295.318
=10.39 %

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


Union Pioneer PCL  (BKK:UPF) 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.


Union Pioneer PCL ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Union Pioneer PCL's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Union Pioneer PCL (BKK:UPF) Business Description

Traded in Other Exchanges
N/A
Address
No.1 Soi Serithai 62, Kweang Minburi, Khet Minburi, Bangkok, THA, 10510
Union Pioneer PCL is principally engaged in the manufacture and distribution of finished elastic products. It offers products such as Rubber thread and tape, Elastic braid, Elastic webbing and crochet, and Covering yarn, among other products. The products are offered under the Venus brand name. The majority of the company's products are the raw materials for other products, such as the baby-adult diaper industry, garment industry or other usage depending on the nature of business of the customers. Geographically, it has a business presence in Thailand, the United States, and other countries.

Union Pioneer PCL (BKK:UPF) Headlines

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