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PT Sekar Laut Tbk (ISX:SKLT) ROC (Joel Greenblatt) % : 21.76% (As of Mar. 2024)


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What is PT Sekar Laut Tbk 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. PT Sekar Laut Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.76%.

The historical rank and industry rank for PT Sekar Laut Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:

ISX:SKLT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.84   Med: 21.58   Max: 33.61
Current: 20.99

During the past 7 years, PT Sekar Laut Tbk's highest ROC (Joel Greenblatt) % was 33.61%. The lowest was 14.84%. And the median was 21.58%.

ISX:SKLT's ROC (Joel Greenblatt) % is ranked better than
68.56% of 1886 companies
in the Consumer Packaged Goods industry
Industry Median: 11.44 vs ISX:SKLT: 20.99

PT Sekar Laut Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 7.40% per year.


PT Sekar Laut Tbk ROC (Joel Greenblatt) % Historical Data

The historical data trend for PT Sekar Laut Tbk'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.

PT Sekar Laut Tbk ROC (Joel Greenblatt) % Chart

PT Sekar Laut Tbk Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 21.58 20.26 33.61 27.69 23.23

PT Sekar Laut Tbk Quarterly Data
Dec17 Dec18 Dec19 Dec20 Dec21 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 30.60 15.68 22.52 25.60 21.76

Competitive Comparison of PT Sekar Laut Tbk's ROC (Joel Greenblatt) %

For the Packaged Foods subindustry, PT Sekar Laut Tbk'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.


PT Sekar Laut Tbk's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where PT Sekar Laut Tbk's ROC (Joel Greenblatt) % falls into.



PT Sekar Laut Tbk 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)
=(186648.84 + 279609.958 + 21245.658) - (116193.22 + 0 + 61161.009)
=310150.227

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(242300.437 + 259391.026 + 36032.369) - (154671.697 + 0 + 61413.778)
=321638.357

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PT Sekar Laut Tbk 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 )
=117573.632/( ( (210360.38 + max(310150.227, 0)) + (238631.36 + max(321638.357, 0)) )/ 2 )
=117573.632/( ( 520510.607 + 560269.717 )/ 2 )
=117573.632/540390.162
=21.76 %

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.


PT Sekar Laut Tbk  (ISX:SKLT) 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.


PT Sekar Laut Tbk ROC (Joel Greenblatt) % Related Terms

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PT Sekar Laut Tbk (ISX:SKLT) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Raya Darmo 23-25, Jawa Timur, Surabaya, IDN, 60265
PT Sekar Laut Tbk produces and develops crackers, tomato and chili sauces, and ready to use seasonings in Indonesia and internationally. It products include Crackers, Condiment, Cooking Spices, Melinjo. and Sauce products under the Finna brand name. In addition, it is involved in the trading of consumer goods, shrimp feed, and others; and restaurant business. It has a geographical presence in Netherland, Korea, England, Oceania, China and other regions of which Netherland generates maximum revenue.

PT Sekar Laut Tbk (ISX:SKLT) Headlines

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