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PT Bakrie Sumatera Plantations Tbk (ISX:UNSP) ROC (Joel Greenblatt) % : -40.10% (As of Jun. 2024)


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What is PT Bakrie Sumatera Plantations 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 Bakrie Sumatera Plantations Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -40.10%.

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

ISX:UNSP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -66.45   Med: -0.73   Max: 25.22
Current: -20.35

During the past 13 years, PT Bakrie Sumatera Plantations Tbk's highest ROC (Joel Greenblatt) % was 25.22%. The lowest was -66.45%. And the median was -0.73%.

ISX:UNSP's ROC (Joel Greenblatt) % is ranked worse than
88.91% of 1929 companies
in the Consumer Packaged Goods industry
Industry Median: 12.13 vs ISX:UNSP: -20.35

PT Bakrie Sumatera Plantations Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


PT Bakrie Sumatera Plantations Tbk ROC (Joel Greenblatt) % Historical Data

The historical data trend for PT Bakrie Sumatera Plantations 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 Bakrie Sumatera Plantations Tbk ROC (Joel Greenblatt) % Chart

PT Bakrie Sumatera Plantations 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 -66.45 -9.08 10.06 25.22 9.27

PT Bakrie Sumatera Plantations Tbk Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.85 -4.61 -5.36 -31.26 -40.10

Competitive Comparison of PT Bakrie Sumatera Plantations Tbk's ROC (Joel Greenblatt) %

For the Farm Products subindustry, PT Bakrie Sumatera Plantations 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 Bakrie Sumatera Plantations Tbk's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

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

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



PT Bakrie Sumatera Plantations 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: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(88778 + 277813 + 319210) - (3384074 + 0 + 254438)
=-2952711

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(60684 + 309616 + 329899) - (3553757 + 0 + 202176)
=-3055734

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PT Bakrie Sumatera Plantations Tbk for the quarter that ended in Jun. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1131348/( ( (2791944 + max(-2952711, 0)) + (2850125 + max(-3055734, 0)) )/ 2 )
=-1131348/( ( 2791944 + 2850125 )/ 2 )
=-1131348/2821034.5
=-40.10 %

Note: The EBIT data used here is four times the quarterly (Jun. 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 Bakrie Sumatera Plantations Tbk  (ISX:UNSP) 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 Bakrie Sumatera Plantations Tbk ROC (Joel Greenblatt) % Related Terms

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PT Bakrie Sumatera Plantations Tbk Business Description

Traded in Other Exchanges
Address
Jalan Ir. H. Juanda Kelurahan, Kisaran Timur Kecamatan Kota Kisaran, Timur Kabupaten Asahan, Sumatera Utara, Medan, IDN, 21222
PT Bakrie Sumatera Plantations Tbk is engaged in plantations, processing and trading agricultural and industrial products. Its segments include Palm oil and derivatives, Rubber, and Oleochemical. Oleochemicals segment is mainly involved in the business activities relating to oleochemical processing, marketing, and selling. Rubber segment is mainly involved in the development and maintenance of rubber and other business activities relating to rubber processing, marketing, and selling. Palm oil and derivatives segment is mainly involved in the development and maintenance of palm oil and other business activities relating to palm oil processing, marketing, and selling. The company generates majority of the revenue from palm oil and derivatives segment.

PT Bakrie Sumatera Plantations Tbk Headlines

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