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PRG PCL (BKK:PRG) ROC (Joel Greenblatt) % : -13.15% (As of Dec. 2023)


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What is PRG PCL 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. PRG PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -13.15%.

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

BKK:PRG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 30.91   Med: 44   Max: 65.63
Current: 39.18

During the past 13 years, PRG PCL's highest ROC (Joel Greenblatt) % was 65.63%. The lowest was 30.91%. And the median was 44.00%.

BKK:PRG's ROC (Joel Greenblatt) % is ranked better than
86.03% of 1883 companies
in the Consumer Packaged Goods industry
Industry Median: 11.26 vs BKK:PRG: 39.18

PRG PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.50% per year.


PRG PCL ROC (Joel Greenblatt) % Historical Data

The historical data trend for PRG PCL'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.

PRG PCL ROC (Joel Greenblatt) % Chart

PRG PCL 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 49.70 58.11 55.09 65.63 30.91

PRG PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 104.90 -24.15 104.48 135.28 -13.15

Competitive Comparison of PRG PCL's ROC (Joel Greenblatt) %

For the Packaged Foods subindustry, PRG PCL'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.


PRG PCL's ROC (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where PRG PCL's ROC (Joel Greenblatt) % falls into.



PRG PCL 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(266.058 + 246.95 + 35.284) - (335.3 + 0 + 29.668)
=183.324

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(257.238 + 247.351 + 38.411) - (103.592 + 0 + 26.036)
=413.372

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PRG PCL for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-92.536/( ( (408.464 + max(183.324, 0)) + (401.946 + max(413.372, 0)) )/ 2 )
=-92.536/( ( 591.788 + 815.318 )/ 2 )
=-92.536/703.553
=-13.15 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.


PRG PCL  (BKK:PRG) 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.


PRG PCL ROC (Joel Greenblatt) % Related Terms

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PRG PCL (BKK:PRG) Business Description

Traded in Other Exchanges
N/A
Address
88, Moo 2, Tiwanont Road, Bangkadee Sub-District, Muang District, Pathumtani, THA, 12000
PRG Corp PCL is engaged in the processing and packaging of rice and related business. The company has three reportable segments: Improving the quality and packaging of milled rice including Organic rice, Japanese rice, Quinoa rice, White rice, Hom Mali rice, Maboonkrong rice, and other products; and Food Center business includes Suki Number One, MBK Food Island, The Fifth Food Avenue, and HINA Japanese Restaurant and Asset management. Geographically, it operates in Thailand, the United States, Canada, Europe, Asia Pacific, and other regions. PRG Corp PCL generates the majority of its revenue from Improving the quality and packaging of rice from the Thailand region.

PRG PCL (BKK:PRG) Headlines

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