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Thai Steel Cable PCL (BKK:TSC) ROC (Joel Greenblatt) % : 32.28% (As of Dec. 2023)


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What is Thai Steel Cable 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. Thai Steel Cable PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 32.28%.

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

BKK:TSC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.1   Med: 16.26   Max: 28.27
Current: 28.27

During the past 13 years, Thai Steel Cable PCL's highest ROC (Joel Greenblatt) % was 28.27%. The lowest was 8.10%. And the median was 16.26%.

BKK:TSC's ROC (Joel Greenblatt) % is ranked better than
81.06% of 1299 companies
in the Vehicles & Parts industry
Industry Median: 12.31 vs BKK:TSC: 28.27

Thai Steel Cable PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.30% per year.


Thai Steel Cable PCL ROC (Joel Greenblatt) % Historical Data

The historical data trend for Thai Steel Cable 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.

Thai Steel Cable PCL ROC (Joel Greenblatt) % Chart

Thai Steel Cable PCL Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.40 8.10 22.34 20.43 27.00

Thai Steel Cable 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 24.48 30.08 26.11 24.80 32.28

Competitive Comparison of Thai Steel Cable PCL's ROC (Joel Greenblatt) %

For the Auto Parts subindustry, Thai Steel Cable 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.


Thai Steel Cable PCL's ROC (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Steel Cable PCL's ROC (Joel Greenblatt) % distribution charts can be found below:

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



Thai Steel Cable 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)
=(534.582 + 202.072 + 9.876) - (574.481 + 0 + 9.2570000000001)
=162.792

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(478.574 + 205.917 + 8.3910000000001) - (484.155 + 0 + 12.827)
=195.9

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Thai Steel Cable 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 )
=341.636/( ( (883.84 + max(162.792, 0)) + (874.379 + max(195.9, 0)) )/ 2 )
=341.636/( ( 1046.632 + 1070.279 )/ 2 )
=341.636/1058.4555
=32.28 %

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.


Thai Steel Cable PCL  (BKK:TSC) 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.


Thai Steel Cable PCL ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Thai Steel Cable PCL's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Thai Steel Cable PCL (BKK:TSC) Business Description

Traded in Other Exchanges
N/A
Address
700/737, Moo. 1, Tambol Panthong, Amphur Panthong, Chonburi, THA, 20160
Thai Steel Cable PCL is a Thailand-based company engaged in the manufacture and sales of control cables, parts, and equipment for vehicles and motorcycles. Its products are divided into three categories: Automobile control cables which include products like accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, and trunk opener cables; Motorcycle control cables which include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables, and Automobile window regulators. The company operates only in Thailand.

Thai Steel Cable PCL (BKK:TSC) Headlines

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