GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Hainan Manaslu Acquisition Corp (NAS:HMACU) » Definitions » ROC (Joel Greenblatt) %

Hainan Manaslu Acquisition (Hainan Manaslu Acquisition) ROC (Joel Greenblatt) % : -251.28% (As of Dec. 2022)


View and export this data going back to 2022. Start your Free Trial

What is Hainan Manaslu Acquisition 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. Hainan Manaslu Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -251.28%.

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

HMACU' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -251.28   Med: -251.28   Max: -251.28
Current: -251.28

During the past 2 years, Hainan Manaslu Acquisition's highest ROC (Joel Greenblatt) % was -251.28%. The lowest was -251.28%. And the median was -251.28%.

HMACU's ROC (Joel Greenblatt) % is not ranked
in the Diversified Financial Services industry.
Industry Median: -33.26 vs HMACU: -251.28

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


Hainan Manaslu Acquisition ROC (Joel Greenblatt) % Historical Data

The historical data trend for Hainan Manaslu Acquisition'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.

Hainan Manaslu Acquisition ROC (Joel Greenblatt) % Chart

Hainan Manaslu Acquisition Annual Data
Trend Dec21 Dec22
ROC (Joel Greenblatt) %
- -251.28

Hainan Manaslu Acquisition Semi-Annual Data
Dec21 Dec22
ROC (Joel Greenblatt) % - -251.28

Competitive Comparison of Hainan Manaslu Acquisition's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, Hainan Manaslu Acquisition'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.


Hainan Manaslu Acquisition's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Hainan Manaslu Acquisition's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Hainan Manaslu Acquisition's ROC (Joel Greenblatt) % falls into.



Hainan Manaslu Acquisition 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. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.115) - (0.037 + 0 + 0)
=0.078

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Hainan Manaslu Acquisition for the quarter that ended in Dec. 2022 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Dec. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.196/( ( (0 + max(0, 0)) + (0 + max(0.078, 0)) )/ 1 )
=-0.196/( ( 0 + 0.078 )/ 1 )
=-0.196/0.078
=-251.28 %

Note: The EBIT data used here is one times the annual (Dec. 2022) 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.


Hainan Manaslu Acquisition  (NAS:HMACU) 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.


Hainan Manaslu Acquisition ROC (Joel Greenblatt) % Related Terms

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


Hainan Manaslu Acquisition (Hainan Manaslu Acquisition) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
11 Guoxing Avenue, B3406, 34th Floor, West Tower, Block B, Guorui Building, Hainan Province, Haikou, CHN, 570203
Website
Hainan Manaslu Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
Executives
Zhifan Zhou director, 10 percent owner, officer: Chief Executive Officer B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000
Bright Winlong Llc 10 percent owner B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000
John Roumeliotis director B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000
Wenyi Shen officer: Chief Financial Officer B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000
Hong Ma director B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000
Xun Zhang director, officer: Chief Investment Officer B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000
Kun-lin Liu director B3406, 34F, WEST TOWER, BLOCK B, GUORUI BUILDING 11 GUOXING AVENUE, HAIKOU, HAINAN PROVINCE F4 00000