GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PT Saratoga Investama Sedaya Tbk (ISX:SRTG) » Definitions » ROC (Joel Greenblatt) %

PTratoga Investama Sedaya Tbk (ISX:SRTG) ROC (Joel Greenblatt) % : 13,594.98% (As of Sep. 2024)


View and export this data going back to 2013. Start your Free Trial

What is PTratoga Investama Sedaya 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. PTratoga Investama Sedaya Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 13,594.98%.

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

ISX:SRTG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2059.03   Med: 562.51   Max: 3773.54
Current: 1127.54

During the past 12 years, PTratoga Investama Sedaya Tbk's highest ROC (Joel Greenblatt) % was 3773.54%. The lowest was -2059.03%. And the median was 562.51%.

ISX:SRTG's ROC (Joel Greenblatt) % is ranked better than
85.23% of 596 companies
in the Asset Management industry
Industry Median: 38.9 vs ISX:SRTG: 1127.54

PTratoga Investama Sedaya Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


PTratoga Investama Sedaya Tbk ROC (Joel Greenblatt) % Historical Data

The historical data trend for PTratoga Investama Sedaya 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.

PTratoga Investama Sedaya Tbk ROC (Joel Greenblatt) % Chart

PTratoga Investama Sedaya Tbk 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 2,236.76 2,563.26 3,773.54 494.83 -790.16

PTratoga Investama Sedaya Tbk 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 3,283.13 50.91 -841.31 1,963.72 13,594.98

Competitive Comparison of PTratoga Investama Sedaya Tbk's ROC (Joel Greenblatt) %

For the Asset Management subindustry, PTratoga Investama Sedaya 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.


PTratoga Investama Sedaya Tbk's ROC (Joel Greenblatt) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PTratoga Investama Sedaya Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where PTratoga Investama Sedaya Tbk's ROC (Joel Greenblatt) % falls into.



PTratoga Investama Sedaya 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: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(247566 + 0 + 3862) - (10626 + 0 + 3306)
=237496

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(158476 + 0 + 4020) - (13872 + 0 + 4365)
=144259

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PTratoga Investama Sedaya Tbk 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 )
=25949760/( ( (0 + max(237496, 0)) + (0 + max(144259, 0)) )/ 2 )
=25949760/( ( 237496 + 144259 )/ 2 )
=25949760/190877.5
=13,594.98 %

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.


PTratoga Investama Sedaya Tbk  (ISX:SRTG) 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.


PTratoga Investama Sedaya Tbk ROC (Joel Greenblatt) % Related Terms

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


PTratoga Investama Sedaya Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan. H.R. Rasuna Said Block X-5 Kav. 1-2, Menara Karya, 15th Floor, Selatan Jakarta, Jakarta, IDN, 12950
PT Saratoga Investama Sedaya Tbk is an active investment company in Indonesia. The company invests in three sectors: consumer, infrastructure, and natural resources. Its natural resources investment portfolio includes companies that are engaged in the coal industry, such as PT Adaro Energy Tbk; oil palm plantation, such as PT Provident Agro Tbk; oil and gas exploration, such as Interra Resources Ltd, and gold and copper mining, such as Sihayo Gold Ltd. Its infrastructure investment portfolio includes companies that are engaged in telecommunication tower leasing, such as PT Tower Bersama Infrastructure Tbk; power generation industry, such as PT Medco Power Indonesia; oil refineries, such as PT Tri Wahana Universal, etc. Key revenue is mainly derived from dividend and divestment activity.

PTratoga Investama Sedaya Tbk Headlines

No Headlines