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V.S. International Group (HKSE:01002) ROC (Joel Greenblatt) % : -5.43% (As of Jan. 2024)


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What is V.S. International Group 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. V.S. International Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -5.43%.

The historical rank and industry rank for V.S. International Group's ROC (Joel Greenblatt) % or its related term are showing as below:

HKSE:01002' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.58   Med: -1.29   Max: 7.28
Current: -9.24

During the past 13 years, V.S. International Group's highest ROC (Joel Greenblatt) % was 7.28%. The lowest was -19.58%. And the median was -1.29%.

HKSE:01002's ROC (Joel Greenblatt) % is ranked worse than
86.97% of 1550 companies
in the Chemicals industry
Industry Median: 9.845 vs HKSE:01002: -9.24

V.S. International Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


V.S. International Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for V.S. International Group'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.

V.S. International Group ROC (Joel Greenblatt) % Chart

V.S. International Group Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -19.58 -5.38 0.26 -16.10 -9.52

V.S. International Group Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 -5.19 -29.10 -6.87 -12.84 -5.43

Competitive Comparison of V.S. International Group's ROC (Joel Greenblatt) %

For the Specialty Chemicals subindustry, V.S. International Group'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.


V.S. International Group's ROC (Joel Greenblatt) % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, V.S. International Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where V.S. International Group's ROC (Joel Greenblatt) % falls into.



V.S. International Group 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: Jul. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.379 + 8.763 + 0) - (8.753 + 0 + 9.059)
=4.33

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 1.7763568394003E-15 + 0) - (3.172 + 0 + 4.287)
=-7.459

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of V.S. International Group for the quarter that ended in Jan. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-10.99/( ( (202.96 + max(4.33, 0)) + (197.303 + max(-7.459, 0)) )/ 2 )
=-10.99/( ( 207.29 + 197.303 )/ 2 )
=-10.99/202.2965
=-5.43 %

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


V.S. International Group  (HKSE:01002) 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.


V.S. International Group ROC (Joel Greenblatt) % Related Terms

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


V.S. International Group (HKSE:01002) Business Description

Traded in Other Exchanges
N/A
Address
1 Connaught Place, 40th Floor, Jardine House, Central, Hong kong, HKG
V.S. International Group Ltd is an investment holding company. It is engaged in the plastic injection and moulding business. It operates in three segments. The Plastic injection and moulding segment, which is the key revenue driver, manufactures and sells plastic moulded products and parts; the Assembling of electronic products segment assembles and sells electronic products, this segment also includes processing fees generated from assembling electronic products; the Mould design and fabrication segment manufactures and sells plastic injection moulds.
Executives
B&e Holding Limited 2101 Beneficial owner
Beh Kim Siea 2201 Interest of corporation controlled by you
Beh Kim Ling 2101 Beneficial owner
V.s. Industry Berhad 2101 Beneficial owner

V.S. International Group (HKSE:01002) Headlines

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