What is Top Frontier Investment Holdings 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. Top Frontier Investment Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 13.11%.
The historical rank and industry rank for Top Frontier Investment Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
PHS:TFHI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.25 Med: 12.59 Max: 16.75
Current: 12.85
During the past 11 years, Top Frontier Investment Holdings's highest ROC (Joel Greenblatt) % was 16.75%. The lowest was 9.25%. And the median was 12.59%.
Top Frontier Investment Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.50% per year.
Top Frontier Investment Holdings ROC (Joel Greenblatt) % Historical Data
The historical data trend for Top Frontier Investment Holdings'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.
Top Frontier Investment Holdings ROC (Joel Greenblatt) % Chart
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Top Frontier Investment Holdings Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| ROC (Joel Greenblatt) % |
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16.35 |
10.56 |
12.10 |
9.25 |
14.08 |
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Top Frontier Investment Holdings Quarterly Data
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Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| ROC (Joel Greenblatt) % |
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18.83 |
12.59 |
11.14 |
14.49 |
13.11 |
Competitive Comparison of Top Frontier Investment Holdings's ROC (Joel Greenblatt) %
For the Conglomerates subindustry, Top Frontier Investment Holdings'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.
Top Frontier Investment Holdings's ROC (Joel Greenblatt) % Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Top Frontier Investment Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Top Frontier Investment Holdings's ROC (Joel Greenblatt) % falls into.
Top Frontier Investment Holdings 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.
When net working capital is negative, 0 is used.
So ROC (Joel Greenblatt) % of Top Frontier Investment Holdings for the quarter that ended in Mar. 2024 can be restated as:
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.
Top Frontier Investment Holdings (PHS:TFHI) Business Description
Traded in Other Exchanges
N/A
Address
No. 399 Sen. Gil. Puyat Avenue, 5th Floor, ENZO Building, Makati, PHL, 1200
Top Frontier Investment Holdings Inc is an investment holding company engaged in the processing and marketing of branded refrigerated processed meats and canned meat products. The operating business segments are food and beverage, packaging, energy, fuel and oil, infrastructure and Cement, Real Estate, Mining and Others. The company derives maximum revenue from fuel and oil segment. The fuel and oil segment is engaged in refining crude oil and marketing and distribution of refined petroleum products.
Top Frontier Investment Holdings (PHS:TFHI) Headlines
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