GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Fang Holdings Ltd (OTCPK:SFUNY) » Definitions » ROC (Joel Greenblatt) %

Fang Holdings (Fang Holdings) ROC (Joel Greenblatt) % : 18.60% (As of Sep. 2020)


View and export this data going back to 2010. Start your Free Trial

What is Fang Holdings 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. Fang Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was 18.60%.

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

SFUNY's ROC (Joel Greenblatt) % is not ranked *
in the Interactive Media industry.
Industry Median: -0.05
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

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


Fang Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Fang Holdings'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.

Fang Holdings ROC (Joel Greenblatt) % Chart

Fang Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -38.32 7.54 -19.87 -0.98 1.63

Fang Holdings Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 -10.46 -18.18 4.77 18.60 0.91

Competitive Comparison of Fang Holdings's ROC (Joel Greenblatt) %

For the Internet Content & Information subindustry, Fang Holdings'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.


Fang Holdings's ROC (Joel Greenblatt) % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Fang Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Fang Holdings's ROC (Joel Greenblatt) % falls into.



Fang Holdings 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: Jun. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(87.885 + 0 + 250.278) - (122.418 + 130.083 + 3.703)
=81.959

Working Capital(Q: Sep. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(98.999 + 0 + 261.855) - (140.176 + 132.895 + 3.9150000000001)
=83.868

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Fang Holdings for the quarter that ended in Sep. 2020 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2020  Q: Sep. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=142.796/( ( (676.564 + max(81.959, 0)) + (693.219 + max(83.868, 0)) )/ 2 )
=142.796/( ( 758.523 + 777.087 )/ 2 )
=142.796/767.805
=18.60 %

Note: The EBIT data used here is four times the quarterly (Sep. 2020) 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.


Fang Holdings  (OTCPK:SFUNY) 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.


Fang Holdings ROC (Joel Greenblatt) % Related Terms

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


Fang Holdings (Fang Holdings) Business Description

Traded in Other Exchanges
N/A
Address
Tower A, No. 20 Guogongzhuang Middle Street, Fengtai District, Beijing, CHN, 100070
Fang Holdings Ltd operates in the Chinese internet portal industry. The company handles a real estate business through its web platform, www.fang.com, and a mobile application. The website serves as a one-stop avenue for the users to buy new and second homes, office buildings, and accommodation facilities available for rent in different parts of China. Real estate buyers can also avail of other services such as entrusted loans, mortgage loans, and other financial services that the company provides in the event of its credit assessment requirements being fulfilled. The group generates most of its revenues from new home sales through its e-commerce platform. A part of its income is also derived from marketing, listing, and financial services.

Fang Holdings (Fang Holdings) Headlines

From GuruFocus

Fang Announces Results of Extraordinary General Meeting

By PRNewswire PRNewswire 09-27-2021

Fang Announces the Change of Auditor

By PRNewswire PRNewswire 10-28-2021

Fang to Hold 2022 Annual General Meeting on December 27, 2022

By Value_Insider Value_Insider 11-23-2022

A Duo of Underperforming Holdings to Reduce

By Alberto Abaterusso Alberto Abaterusso 09-18-2020

Fang to Hold 2020 Annual General Meeting on December 21, 2020

By PRNewswire PRNewswire 11-16-2020

Fang to Hold 2021 Annual General Meeting on December 31, 2021

By PRNewswire PRNewswire 12-16-2021