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PT Pakuwon Jati Tbk (PT Pakuwon Jati Tbk) ROC (Joel Greenblatt) % : 39.06% (As of Mar. 2024)


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What is PT Pakuwon Jati Tbk 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. PT Pakuwon Jati Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 39.06%.

The historical rank and industry rank for PT Pakuwon Jati Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:

PTPKF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 32.18   Med: 81.76   Max: 230.63
Current: 51.23

During the past 13 years, PT Pakuwon Jati Tbk's highest ROC (Joel Greenblatt) % was 230.63%. The lowest was 32.18%. And the median was 81.76%.

PTPKF's ROC (Joel Greenblatt) % is ranked better than
74.38% of 1780 companies
in the Real Estate industry
Industry Median: 10.265 vs PTPKF: 51.23

PT Pakuwon Jati Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -11.90% per year.


PT Pakuwon Jati Tbk ROC (Joel Greenblatt) % Historical Data

The historical data trend for PT Pakuwon Jati Tbk'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.

PT Pakuwon Jati Tbk ROC (Joel Greenblatt) % Chart

PT Pakuwon Jati Tbk 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 86.31 31.93 44.97 47.78 57.81

PT Pakuwon Jati Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 67.77 58.37 46.08 62.42 39.06

Competitive Comparison of PT Pakuwon Jati Tbk's ROC (Joel Greenblatt) %

For the Real Estate - Diversified subindustry, PT Pakuwon Jati Tbk'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.


PT Pakuwon Jati Tbk's ROC (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Pakuwon Jati Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where PT Pakuwon Jati Tbk's ROC (Joel Greenblatt) % falls into.



PT Pakuwon Jati Tbk 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)
=(7.164 + 255.798 + 56.486) - (30.683 + 0 + 132.732)
=156.033

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.857 + 277.097 + 56.052) - (39.691 + 0 + 133.879)
=166.436

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PT Pakuwon Jati Tbk 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 )
=132.604/( ( (176.923 + max(156.033, 0)) + (179.631 + max(166.436, 0)) )/ 2 )
=132.604/( ( 332.956 + 346.067 )/ 2 )
=132.604/339.5115
=39.06 %

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.


PT Pakuwon Jati Tbk  (OTCPK:PTPKF) 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.


PT Pakuwon Jati Tbk ROC (Joel Greenblatt) % Related Terms

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PT Pakuwon Jati Tbk (PT Pakuwon Jati Tbk) Business Description

Traded in Other Exchanges
Address
Jalan Kejawan Putih Mutiara No. 17, East Coast Center 5th Floor, Pakuwon City Mall, Mulyorejo, Jawa Timur, Pakuwon City, Surabaya, IDN, 60112
PT Pakuwon Jati Tbk is a real estate developer in Indonesia. It acquires, develops, and manages residential property, office buildings, hotels, serviced apartments, and shopping centers. Roughly half of the company's revenue is recurring revenue, which it generates from leasing units in shopping centers and office buildings, and from the revenue, it collects from hotels and serviced apartments. The remaining revenue is development revenue, which the company generates by selling condominiums, houses, and office units. Nearly all of the company's revenue is generated in Surabaya or Jakarta in Indonesia. It has three segments namely Office, shopping center, and service apartment; Real estate; and Hospitality.

PT Pakuwon Jati Tbk (PT Pakuwon Jati Tbk) Headlines

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