This way, Recto said there will be 'a 100-percent plowback
The plowback funds turned out to be a good investment for the counties.
Because of the intensity of management made possible to a significant degree by the plowback funds, by 1970 the non declining even-flow allowable cut level for the O&C lands - that is, the amount deemed available for harvest each year without causing reductions in future harvests - had risen to 1.2 billion board feet annually.
The only minor difference is that the growth rate g is expressed as a function of ROE and b, where b is the retention (plowback) ratio, e.g.: g = ROE * b.
The payout ratio is fixed at 0.3, respectively the plowback ratio is fixed at 0.7.
SGR represents the sustainable growth rate, calculated as the product of return on equity and plowback
First, the human capital was bound to the firm by the plowback
provisions of the partnership agreement.
"The focus should now be on companies' capex deployment for the year and attributes that go with it in terms of plowback
to the earnings cycle.
The high court's partial entry of judgment last week paved the way for its eventual plowback
In addition to new laws, Recto noted 'there is the Supreme Court ruling on the IRA [internal revenue allotment] case, which now adds billions in revenue plowbacks
to local governments.' Recto recalled that 'the ink had already dried on the proposed 2019 budget when this was promulgated.'
'In fact, tobacco and alcohol tax collections have always been bigger than government plowbacks