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Sino Logistics PCL (BKK:SINO) ROC (Joel Greenblatt) % : 9.17% (As of Mar. 2024)


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What is Sino Logistics 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. Sino Logistics PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.17%.

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

BKK:SINO' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.37   Med: 176.76   Max: 428.32
Current: 14.37

During the past 3 years, Sino Logistics PCL's highest ROC (Joel Greenblatt) % was 428.32%. The lowest was 14.37%. And the median was 176.76%.

BKK:SINO's ROC (Joel Greenblatt) % is ranked better than
55.7% of 973 companies
in the Transportation industry
Industry Median: 12.34 vs BKK:SINO: 14.37

Sino Logistics PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Sino Logistics PCL ROC (Joel Greenblatt) % Historical Data

The historical data trend for Sino Logistics 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.

Sino Logistics PCL ROC (Joel Greenblatt) % Chart

Sino Logistics PCL Annual Data
Trend Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
176.76 428.32 31.42

Sino Logistics PCL Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only 88.07 34.70 14.32 3.92 9.17

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

For the Integrated Freight & Logistics subindustry, Sino Logistics 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.


Sino Logistics PCL's ROC (Joel Greenblatt) % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sino Logistics PCL's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Sino Logistics 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: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(248.168 + 0 + 106.828) - (132.136 + 100.971 + 25.913)
=95.976

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(414.409 + 0 + 145.301) - (124.238 + 140.128 + 25.746)
=269.598

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Sino Logistics PCL for the quarter that ended in Mar. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=41.28/( ( (277.432 + max(95.976, 0)) + (257.538 + max(269.598, 0)) )/ 2 )
=41.28/( ( 373.408 + 527.136 )/ 2 )
=41.28/450.272
=9.17 %

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.


Sino Logistics PCL  (BKK:SINO) 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.


Sino Logistics PCL ROC (Joel Greenblatt) % Related Terms

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Sino Logistics PCL (BKK:SINO) Business Description

Traded in Other Exchanges
N/A
Address
Rama 3 Road, 7th Floor, Unit No. 05, 1011 Supalai Grand Tower, Chongnonsee, Yannawa, Bangkok, THA, 10120
Sino Logistics Corp PCL is engaged in international and domestic freight forwarding, for sea freight, air freight, land transportation, and multimodal transport operator, warehouse rental service, and provides customs clearance services for imports and exports. It has four reportable segments, which are sea freight, air freight, warehouse rental service, and logistics support. It generate the majority of its revenue from Sea freight.

Sino Logistics PCL (BKK:SINO) Headlines

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