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The Philippine Stock Exchange (PHS:PSE) ROC (Joel Greenblatt) % : 97.81% (As of Sep. 2024)


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What is The Philippine Stock Exchange 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. The Philippine Stock Exchange's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 97.81%.

The historical rank and industry rank for The Philippine Stock Exchange's ROC (Joel Greenblatt) % or its related term are showing as below:

PHS:PSE' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 62.63   Med: 83.31   Max: 190.41
Current: 86.02

During the past 13 years, The Philippine Stock Exchange's highest ROC (Joel Greenblatt) % was 190.41%. The lowest was 62.63%. And the median was 83.31%.

PHS:PSE's ROC (Joel Greenblatt) % is ranked better than
57.19% of 654 companies
in the Capital Markets industry
Industry Median: 52.925 vs PHS:PSE: 86.02

The Philippine Stock Exchange's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 6.90% per year.


The Philippine Stock Exchange ROC (Joel Greenblatt) % Historical Data

The historical data trend for The Philippine Stock Exchange'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.

The Philippine Stock Exchange ROC (Joel Greenblatt) % Chart

The Philippine Stock Exchange 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 62.63 66.37 95.76 83.79 83.04

The Philippine Stock Exchange 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 78.82 86.31 99.41 57.78 97.81

Competitive Comparison of The Philippine Stock Exchange's ROC (Joel Greenblatt) %

For the Financial Data & Stock Exchanges subindustry, The Philippine Stock Exchange'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.


The Philippine Stock Exchange's ROC (Joel Greenblatt) % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The Philippine Stock Exchange's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where The Philippine Stock Exchange's ROC (Joel Greenblatt) % falls into.



The Philippine Stock Exchange 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)
=(110.679 + 0 + 224.902) - (196.924 + 0 + 695.443)
=-556.786

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(97.432 + 0 + 207.734) - (182.045 + 0 + 710.59)
=-587.469

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of The Philippine Stock Exchange 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 )
=1139.42/( ( (1182.687 + max(-556.786, 0)) + (1147.154 + max(-587.469, 0)) )/ 2 )
=1139.42/( ( 1182.687 + 1147.154 )/ 2 )
=1139.42/1164.9205
=97.81 %

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.


The Philippine Stock Exchange  (PHS:PSE) 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.


The Philippine Stock Exchange ROC (Joel Greenblatt) % Related Terms

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The Philippine Stock Exchange Business Description

Traded in Other Exchanges
N/A
Address
28th Street, 5th Avenue corner, 6th to 10th floors, PSE tower, Bonifacio Global City, Taguig, PHL, 1634
The Philippine Stock Exchange Inc is a Philippines-based stock corporation. Its core business is to provide and maintain a convenient and suitable market for the exchange, purchase, and sale of all types of securities and other instruments. The company provides trading, clearing, depository, and information services for the equity market. It also operates activities of clearance and settlement agencies through its wholly-owned subsidiaries. The sources of revenue mainly consist of listing-related fees for initial public offerings, annual listing maintenance membership, transactions, data feeds, and miscellaneous fees. Geographically, the company's key revenue is derived from domestic operations.

The Philippine Stock Exchange Headlines

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