Tanachira Retail PCL (BKK:TAN) ROC (Joel Greenblatt) % : 32.85% (As of Jun. 2023)

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What is Tanachira Retail 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. Tanachira Retail PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 32.85%.

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

BKK:TAN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.5 Med: 18.89 Max: 32.3
Current: 32.3

During the past 4 years, Tanachira Retail PCL's highest ROC (Joel Greenblatt) % was 32.30%. The lowest was 0.50%. And the median was 18.89%.

BKK:TAN's ROC (Joel Greenblatt) % is ranked better than
79.28% of 1110 companies
in the Retail - Cyclical industry
Industry Median: 10.105 vs BKK:TAN: 32.30

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

Tanachira Retail PCL ROC (Joel Greenblatt) % Historical Data

The historical data trend for Tanachira Retail 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.

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Tanachira Retail PCL ROC (Joel Greenblatt) % Chart

Tanachira Retail PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

9.28

0.50

28.49

31.38

Tanachira Retail PCL Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial			-	19.18	38.71	32.85	32.73

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

For the Luxury Goods subindustry, Tanachira Retail 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.

Tanachira Retail PCL's ROC (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tanachira Retail PCL's ROC (Joel Greenblatt) % distribution charts can be found below:

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

Tanachira Retail 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. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(79.759	+	455.565	+	28.324)	-	(228.492	+	0	+	13.947)
=	321.209

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(58.22	+	473.49	+	35.82)	-	(162.22	+	0	+	20.38)
=	384.93

When net working capital is negative, 0 is used.

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

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	235.04	/	( ( (359.379 + max(321.209, 0))	+	(365.66 + max(384.93, 0)) )	/	2 )
=	235.04	/	( ( 680.588	+	750.59 )	/	2 )
=	235.04	/	715.589
=	32.85 %

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Tanachira Retail PCL (BKK:TAN) 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.

Tanachira Retail PCL ROC (Joel Greenblatt) % Related Terms

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Tanachira Retail PCL (BKK:TAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tanachira Retail Corp PCL (BKK:TAN) » Definitions » ROC (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

999/9 Rama 1 Road, Room OFMH 2807 & 2812, 28th floor, The Offices at Central World, Patumwan, Bangkok, THA, 10330

Website

https://www.tanachira.co.th

Tanachira Retail Corp PCL is a Thailand based retailer importing lifestyle and fashion products. It is principally engaged in the distribution of diamond jewelry, gemstone jewelry and gems and also provides other products and services through its different brands. Based on its products and services the company has the following reportable segments, The jewelry segment, Leather goods, bags, shoes, clothes, furniture and home decorations. Import, export and distribution of clothing, bags and miscellaneous goods, and the incense segment which includes distribution and export of incense, skin care products and provision of spa services. The substantial portion of company's overall revenue is generated from its jewelry segment.